Collection Risk on Loans to Affiliates
First written in FY2016. 3 of 6 entries say "Materialised", first in FY2017. Latest entry: FY2024.
Sunnexta Group moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2019: 7 of 15 companies on the "Worse" side.
18 other companies' latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「For the consolidated subsidiary 株式会社スリーＳ, a valuation loss on shares of an affiliated company of ¥69.088 million, a provision for doubtful accounts of ¥5 million, and a provision for losses on the business of an affiliated company of ¥89.252 million were recognized as extraordinary losses.」
For スリーS, a valuation loss on shares of an affiliated company, a provision for doubtful accounts, and a provision for losses on the business of an affiliated company were recognized for the full fiscal year, making the investment and loss-bearing risks associated with affiliated companies apparent in the financial statements. - FY2022-Q3MitigatedAnnual report
「As of the end of the third quarter of the consolidated fiscal year, the company had loaned ¥144.694 million to 株式会社全日総管理. The loan had been repaid by the filing date of the quarterly securities report.」
The ¥144.694 million loan to 全日総管理 was repaid by the filing date, reducing the recovery exposure associated with the loan. - FY2021MaterialisedAnnual report
「A valuation loss on shares of affiliated companies of ¥70 million, a provision for doubtful accounts of ¥35 million, and a provision for losses on the business of affiliated companies of ¥12.912 million were recognized.」
For サンネクスタリーシング株式会社, a valuation loss on shares of an affiliated company, a provision for doubtful accounts, and a provision for losses on the business of an affiliated company were actually recognized, making the recovery and loss-bearing risks associated with investments in and receivables from affiliated companies apparent. - FY2019MitigatedAnnual report
「スマートセキュリティサービス株式会社 completed its liquidation on 24 January 2019. The transaction amount represents partial recovery of loans and a waiver of claims associated with the liquidation.」
The affiliated company completed its liquidation, eliminating the balances of allowances for doubtful accounts and claims in bankruptcy and reorganization and other claims through partial recovery of the loans and a ¥80 million waiver of claims. - FY2017MaterialisedAnnual report
「スマートセキュリティサービス株式会社 was dissolved and began liquidation proceedings on 30 June 2017, so the long-term loans were reclassified as claims in bankruptcy and reorganization and other claims. At the end of the consolidated fiscal year, an allowance for doubtful accounts of ¥80 million was recognized against these claims.」
The dissolution and start of liquidation of the affiliated company resulted in the actual materialization of loan recovery risk, with the loans reclassified as claims in bankruptcy and reorganization and other claims and allowances for doubtful accounts of ¥80 million and an additional provision of ¥35 million recognized. - FY2016First statedAnnual report
「Following an examination of the recoverability of loans to the affiliated company 株式会社スリーＳ, an allowance for doubtful accounts was recognized.」
Against long-term loans of ¥196 million to an affiliated company, an allowance for doubtful accounts of ¥45 million was recognized, and the recovery risk became apparent in the financial statements.