Declines in the Fair Value of Operating Assets and Investment Securities and Impairment

「Total assets increased 16.7% from the end of the previous fiscal year to ¥513.098 billion, mainly due to an increase in investment securities resulting from rising stock prices.」

「Total assets increased 5.1% from the end of the previous fiscal year to ¥462.132 billion, mainly due to an increase in investment securities resulting from rising stock prices.」

「Total assets decreased 2.1% from the end of the previous fiscal year to ¥427.722 billion, due to decreases in cash and deposits resulting from the redemption of corporate bonds and in investment securities as stock prices declined, among other factors.」

「Total assets increased 5.2% from the end of the previous fiscal year to ¥405.796 billion, mainly due to an increase in investment securities as stock prices rose.」

「Total assets increased 5.0% from the end of the previous fiscal year to ¥405.166 billion, mainly due to an increase in investment securities as stock prices rose.」

「Total assets increased 4.4% from the end of the previous fiscal year to ¥402.688 billion, mainly due to an increase in investment securities as stock prices rose. Total liabilities increased 1.4% to ¥159.046 billion, mainly due to an increase in deferred tax liabilities related to valuation differences on investment securities. Total equity increased 6.4% to ¥243.642 billion, mainly due to an increase in the valuation difference on other securities as stock prices rose.」

「Consolidated fiscal year (1 April 2022 to 31 March 2023) Real estate business Tokyo Land, buildings and structures 1,261 Fukuoka Prefecture Land 173 Total 1,434」

「Total assets increased 0.8% from the end of the previous fiscal year to ¥376.756 billion, due to an increase in cash and deposits from the sale of shares in Westwood Shipping Lines, Inc., among other factors, despite a decrease in investment securities as stock prices declined.」

「Total assets increased 1.8% from the end of the previous fiscal year to ¥380.449 billion, as cash and deposits increased following the sale of shares in Westwood Shipping Lines, Inc., and other current assets increased due to the recognition of receivables from the sale of vessels, among other factors, despite a decrease in investment securities as stock prices declined.」

「Valuation difference on other securities △ 1,228 △ 1,773」

「As the land became an idle asset, the company reduced its carrying amount to its recoverable amount and recorded the reduction as an impairment loss.」

「Total assets increased 3.1% from the end of the previous fiscal year to ¥359.850 billion, due to increases in cash and deposits and notes and accounts receivable accompanying higher revenue, as well as an increase in investment securities as stock prices recovered, among other factors.」

「Total assets increased 3.9% from the end of the previous fiscal year to ¥362.672 billion, due to increases in cash and deposits and operating receivables accompanying higher revenue, as well as an increase in investment securities as stock prices recovered, among other factors.」

「Total assets were ¥349.020 billion, broadly unchanged from the end of the previous fiscal year and up 0.0%, as operating receivables increased with higher revenue, despite a decrease in investment securities as stock prices declined.」

「Total assets were ¥348.968 billion, up 9.6% from the end of the previous fiscal year, mainly due to an increase in investment securities as stock prices recovered.」

「Total assets increased 7.4% from the end of the previous fiscal year to ¥341.991 billion, as cash and deposits decreased due to repayment of borrowings and capital expenditures, while tangible fixed assets increased due to the construction of a new warehouse and investment securities increased as stock prices recovered, among other factors. Total equity increased 8.4% from the end of the previous fiscal year to ¥186.345 billion, due to an increase in retained earnings from the recognition of net income attributable to owners of the parent for the quarter, as well as an increase in the valuation difference on other securities as stock prices recovered, among other factors.」

「Total assets increased 2.1% from the end of the previous fiscal year to ¥325.144 billion, as cash and deposits decreased due to repayment of borrowings, while tangible fixed assets increased due to the construction of a new warehouse and investment securities increased as stock prices recovered, among other factors.」

「Total assets were ¥316.006 billion, broadly unchanged from the end of the previous fiscal year and down 0.8%, as cash and deposits decreased due to repayment of borrowings, despite increases in tangible fixed assets from the construction of a new warehouse and in investment securities as stock prices rose, among other factors. Total equity increased 2.1% from the end of the previous fiscal year to ¥175.646 billion, mainly due to an increase in the valuation difference on other securities as stock prices rose.」

「Total assets were ¥318.458 billion, down 1.3% from the end of the previous fiscal year, mainly due to a decrease in investment securities as stock prices declined.」

「Total equity decreased 0.2% from the end of the previous fiscal year to ¥187.132 billion. Although retained earnings increased due to the recognition of net income attributable to owners of the parent for the quarter, the valuation difference on other securities decreased as stock prices declined, and the company also acquired treasury shares.」

「Total assets were ¥322.513 billion, broadly unchanged from the end of the previous fiscal year and down 0.1%, as tangible fixed assets increased due to the construction of a new warehouse, while investment securities decreased as stock prices declined, among other factors. Total equity decreased 1.8% from the end of the previous fiscal year to ¥184.097 billion, mainly due to a decrease in the valuation difference on other securities as stock prices declined.」

「In the shipping business, ocean freight rates showed signs of recovery but remained below the assumed level. In addition, operating performance fell below the business plan due to higher fuel costs resulting from rising crude oil prices, and increases in North American inland transportation costs and chartering expenses, among other factors. Accordingly, the company revised its business plans, reduced the carrying amount of the above shipping business asset group to its recoverable amount, and recorded the reduction as an impairment loss under extraordinary losses.」

「Total assets decreased 6.4% from the end of the previous fiscal year to ¥320.157 billion, due to a decrease in cash and deposits resulting from repayment of borrowings and a decrease in investment securities as stock prices declined, among other factors.」

「Accordingly, the company revised its business plans, reduced the carrying amount of the above shipping business asset group to its recoverable amount, and recorded the reduction as an impairment loss under extraordinary losses.」

「Total equity increased 0.2% from the end of the previous fiscal year to ¥193.952 billion. Retained earnings increased due to the recognition of net income attributable to owners of the parent for the quarter, and the valuation difference on other securities also increased as stock prices rose, although the foreign currency translation adjustment decreased.」

「Total assets increased 12.1% from the end of the previous fiscal year to ¥342.642 billion, due to increases in cash and deposits from the issuance of corporate bonds and in investment securities as stock prices rose, among other factors.」

「Total assets increased 7.3% from the end of the previous fiscal year to ¥328.183 billion, as cash and deposits decreased due to repayment of borrowings and the acquisition of treasury shares, while investment securities increased as stock prices rose, among other factors.」

「Total assets increased 1.4% from the end of the previous fiscal year to ¥310.172 billion, as cash and deposits decreased due to repayment of borrowings, while investment securities increased as stock prices rose, among other factors.」

「Total assets increased 0.4% from the end of the previous fiscal year to ¥306.944 billion, as cash and deposits decreased due to repayment of borrowings, while investment securities increased as stock prices rose, among other factors.」

「During the current consolidated fiscal year, the company recorded impairment losses of ¥35 million on securities, comprising ¥25 million on shares classified as other securities and ¥9 million on shares in unconsolidated subsidiaries.」

「Total assets increased 0.9% from the end of the previous fiscal year to ¥303.293 billion, as cash and deposits decreased due to the acquisition of fixed assets and repayment of borrowings, while investment securities increased as stock prices rose, among other factors.」

「Total assets decreased 3.9% from the end of the previous fiscal year to ¥288.857 billion, as tangible fixed assets increased due to the acquisition of medical facilities and the completion of commercial facilities in the real estate business, while cash and deposits decreased due to the acquisition of fixed assets and repayment of borrowings, and investment securities decreased as stock prices declined, among other factors.」

「Total assets decreased 4.4% from the end of the previous fiscal year to ¥287.214 billion, as tangible fixed assets increased due to the acquisition of medical facilities and the completion of commercial facilities in the real estate business, while cash and deposits decreased due to the acquisition of fixed assets and repayment of borrowings, and investment securities decreased as stock prices declined, among other factors.」

「The company records impairment losses when recovery of the investment amount is no longer expected, due to declines in the fair value or profitability of operating assets, or declines in stock prices or deterioration in the financial condition of investees in the case of investment securities.」