Komori
Revolution (8894) · RiskMitigated

Uncertainty in the fair-value measurement of Level 3 operating investment securities

First written in FY2022. 3 of 5 entries say "Mitigated", first in FY2023-Q2. Latest entry: FY2025.

5entries
4years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseMitigatedFY2023-Q2 – FY2023WorsenedFY20242023: 220232024: 120242025: 120252026: 1
Same theme, other companies
Fair Value Measurement Uncertainty for Unlisted SharesA theme 14 companies write about · 14 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2025: 3 of 9 companies on the "Worse" side.

2 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2025MitigatedAnnual report

    「At the end of the consolidated fiscal year, the fair value of Level 3 securities for operating investment purposes was ¥62.519 million.」

    After Level 3 securities decreased from ¥341.129 million at the end of the previous consolidated fiscal year to ¥62.519 million, investment securities totaled ¥583.404 million at the end of the current consolidated fiscal year. The amount dependent on valuation models and other factors has decreased from ¥686.637 million at the end of the previous fiscal year.
  2. FY2024WorsenedAnnual report

    「Of the investment securities, ¥686.637 million was recognized as securities classified as Level 3 fair value (hereinafter, “Level 3 securities”).」

    Level 3 investment securities increased from ¥62.519 million at the end of the previous fiscal year to ¥686.637 million, expanding exposure to fair value measurements dependent on unobservable inputs and valuation models.
  3. FY2023MitigatedAnnual report

    「At the end of the consolidated fiscal year, the fair value of Level 3 securities for operating investment purposes was ¥62.519 million.」

    Level 3 securities for operating investment purposes decreased from ¥341.129 million at the end of the previous consolidated fiscal year to ¥62.519 million, reducing exposure to amounts dependent on valuation models and unobservable inputs.
  4. FY2023-Q2MitigatedAnnual report

    「Securities for operating investment purposes 98,854 - 10,519 109,374」

    The fair value of Level 3 securities for operating investment purposes was ¥10.519 million, down from ¥341.129 million at the end of the previous consolidated fiscal year. Exposure to amounts dependent on valuation models and unobservable inputs has decreased.
  5. FY2022First statedAnnual report

    「Of the securities for operating investment purposes, subscription rights to shares and corporate bonds previously classified as financial instruments whose market values were considered extremely difficult to determine had been carried at acquisition cost as their carrying amounts on the consolidated balance sheet. The company has changed to a method of carrying them at fair value. Because quoted prices are unavailable, the fair values of Level 3 securities are calculated using valuation models and the inputs used in those models.」

    For subscription rights to shares and corporate bonds without quoted market prices, fair value is calculated using valuation models and unobservable inputs. The company disclosed that changes in market conditions, volatility, credit costs and other factors could affect valuations in the following fiscal year.
Moved together

"Dependence on Interest-Bearing Debt" moved the same way as this thread, in the same document, in 2 of its 5 moves.

22222★12345
  1. ★This thread
  2. 1Dependence on Interest-Bearing Debt2×
  3. 2Launching the investment business and developing investment opportunities2×
  4. 3Dilution from paid stock options2×
  5. 4Growing the investment business into a core business alongside real estate2×
  6. 5Expenses preceding revenue in the investment business2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
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News
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