Financial impact of changes in the value of securities held
First written in FY2020. . Latest entry: 2026-11-12.
The whole theme swung hardest in 2019: 66 of 140 companies on the "Worse" side.
- FY2026Higher holdings and improved valuation differenceAnnual report
「This was mainly due to a ¥616.213 million increase in investment securities and decreases of ¥214.409 million in fixed operating receivables, ¥27.931 million in goodwill and ¥134.747 million in the allowance for doubtful accounts. Net assets increased by ¥610.088 million from the end of the previous fiscal year to ¥4,077.926 million. This was mainly due to increases of ¥265.339 million in retained earnings carried forward and ¥338.592 million in the valuation difference on other securities, partly offset by a ¥0.148 million decrease due to the acquisition of treasury stock.」
Investment securities increased by ¥616.213 million, expanding exposure to changes in the value of the holdings. Meanwhile, the valuation difference on other securities increased by ¥338.592 million, and net assets also increased. - FY2026-H1Higher holdings and improved valuation differenceAnnual report
「Property, plant and equipment increased by ¥171.213 million from the end of the previous fiscal year to ¥2,864.346 million. This was mainly due to increases of ¥4.490 million in tools, furniture and fixtures and ¥182.609 million in investment securities, partly offset by decreases of ¥6.000 million in software under development and ¥3.036 million in buildings. Net assets increased by ¥229.558 million from the end of the previous fiscal year to ¥3,697.396 million. This was mainly due to increases of ¥106.431 million in retained earnings carried forward and ¥116.927 million in the valuation difference on other securities.」
Investment securities increased by ¥182.609 million, expanding exposure to changes in the value of the holdings. Meanwhile, the valuation difference on other securities increased by ¥116.927 million, and net assets increased by ¥229.558 million. - FY2025Decrease in holdings and valuation differenceAnnual report
「This was mainly due to an ¥87.706 million increase in software, decreases of ¥142.525 million in investment securities, ¥27.931 million in goodwill and ¥24.500 million in software under development.」
Investment securities decreased by ¥142.525 million, reducing exposure to the holdings, while the valuation difference on other securities also decreased by ¥181.920 million and net assets declined. The contraction in holdings and deterioration in the valuation difference occurred together. - FY2025-H1Decrease in holdings and valuation differenceAnnual report
「Property, plant and equipment decreased by ¥282.218 million from the end of the previous fiscal year to ¥2,555.240 million. This was mainly due to a ¥63.750 million increase in software under development and a ¥319.710 million decrease in investment securities. Net assets decreased by ¥288.614 million from the end of the previous fiscal year to ¥3,452.556 million. This was mainly due to a ¥293.450 million decrease in the valuation difference on other securities.」
Investment securities decreased by ¥319.710 million, reducing exposure to changes in the value of the holdings. Meanwhile, the valuation difference on other securities also decreased by ¥293.450 million, and net assets decreased, indicating that the contraction in holdings and deterioration in the valuation difference occurred together. - FY2024Higher holdings and improved valuation differenceAnnual report
「This was mainly due to increases of ¥619.963 million in investment securities, and decreases of ¥123.406 million in the allowance for doubtful accounts, ¥84.999 million in long-term loans receivable and ¥27.931 million in goodwill. Net assets increased by ¥688.449 million from the end of the previous fiscal year to ¥3,741.171 million. This was mainly due to increases of ¥230.836 million in retained earnings carried forward and ¥452.231 million in the valuation difference on other securities.」
Investment securities increased by ¥619.963 million, expanding exposure to changes in the value of the holdings. Meanwhile, the valuation difference on other securities increased by ¥452.231 million, and net assets increased by ¥688.449 million. - FY2024-Q3Higher holdings and improved valuation differenceAnnual report
「Property, plant and equipment increased by ¥134.973 million from the end of the previous fiscal year to ¥2,380.463 million. This was mainly due to a ¥162.157 million increase in investment securities, partly offset by decreases of ¥36.946 million in the allowance for doubtful accounts and ¥20.948 million in goodwill. Net assets increased by ¥384.414 million from the end of the previous fiscal year to ¥3,437.136 million. This was mainly due to increases of ¥200.239 million in retained earnings from net income for the quarter and ¥178.776 million in the valuation difference on other securities.」
Investment securities increased by ¥162.157 million, expanding exposure to changes in the value of the holdings. Meanwhile, the valuation difference on other securities increased by ¥178.776 million, and net assets also increased. - FY2024-Q2Higher holdings and improved valuation differenceAnnual report
「Property, plant and equipment increased by ¥61.075 million from the end of the previous fiscal year to ¥2,306.565 million. This was mainly due to a ¥70.190 million increase in investment securities. Net assets increased by ¥315.465 million from the end of the previous fiscal year to ¥3,368.187 million. This was mainly due to increases of ¥159.097 million in retained earnings carried forward and ¥150.949 million in the valuation difference on other securities.」
Investment securities increased by ¥70.190 million, expanding exposure to changes in the value of the holdings. Meanwhile, the valuation difference on other securities increased by ¥150.949 million, and net assets increased by ¥315.465 million. - FY2024-Q1Higher holdings and improved valuation differenceAnnual report
「Property, plant and equipment increased by ¥9.571 million from the end of the previous fiscal year to ¥2,255.061 million. This was mainly due to a ¥13.462 million increase in investment securities. Net assets increased by ¥162.258 million from the end of the previous fiscal year to ¥3,214.980 million. This was mainly due to increases of ¥67.855 million in retained earnings carried forward and ¥88.921 million in the valuation difference on other securities.」
Investment securities increased by ¥13.462 million, expanding exposure to changes in the value of the holdings. Meanwhile, the valuation difference on other securities increased by ¥88.921 million, and net assets also increased. - FY2023Higher holdings and improved valuation differenceAnnual report
「At the end of the fiscal year, property, plant and equipment increased by ¥134.084 million from the end of the previous fiscal year to ¥2,245.490 million. This was mainly due to a ¥226.560 million increase in investment securities, a ¥39.257 million decrease in the allowance for doubtful accounts, a ¥27.931 million decrease in goodwill and a ¥26.713 million decrease in deferred tax assets. Net assets increased by ¥250.409 million from the end of the previous fiscal year to ¥3,052.722 million. This was mainly due to increases of ¥158.799 million in retained earnings carried forward and ¥86.209 million in the valuation difference on other securities.」
Investment securities increased by ¥226.560 million, expanding exposure to changes in the value of the holdings, while the valuation difference on other securities increased by ¥86.209 million, indicating an improvement. - FY2023-Q3Higher holdings and improved valuation differenceAnnual report
「Property, plant and equipment increased by ¥23.054 million from the end of the previous fiscal year to ¥2,134.460 million. This was mainly due to increases of ¥76.952 million in investment securities and ¥41.687 million in the allowance for doubtful accounts, partly offset by a ¥20.948 million decrease in goodwill. Net assets increased by ¥135.529 million from the end of the previous fiscal year to ¥2,937.842 million. This was mainly due to a ¥119.504 million increase in retained earnings from net income for the quarter and a ¥10.624 million increase in the valuation difference on other securities.」
Investment securities increased by ¥76.952 million, expanding exposure to changes in the value of the holdings. Meanwhile, the valuation difference on other securities increased by ¥10.624 million, indicating an improvement. - FY2023-Q2Declining holdings and deterioration in valuation differencesAnnual report
「Property, plant and equipment decreased by ¥97.453 million from the end of the previous fiscal year to ¥2,013.951 million. This was mainly due to a ¥54.815 million decrease in investment securities and a ¥35.375 million increase in the allowance for doubtful accounts. Net assets decreased by ¥60.162 million from the end of the previous fiscal year to ¥2,742.150 million. This was mainly due to a ¥13.042 million increase in retained earnings carried forward and a ¥78.654 million decrease in the valuation difference on other securities.」
Investment securities decreased by ¥54.815 million, reducing exposure to the holdings, while the valuation difference on other securities decreased by ¥78.654 million and net assets decreased by ¥60.162 million. The contraction in holdings and deterioration in the valuation difference occurred together. - FY2023-Q1Declining holdings and deterioration in valuation differencesAnnual report
「Property, plant and equipment decreased by ¥68.785 million from the end of the previous fiscal year to ¥2,042.620 million. This was mainly due to a ¥50.851 million decrease in investment securities. Net assets decreased by ¥59.436 million from the end of the previous fiscal year to ¥2,742.876 million. This was mainly due to decreases of ¥15.190 million in retained earnings carried forward and ¥49.741 million in the valuation difference on other securities.」
Investment securities decreased by ¥50.851 million from ¥964.890 million to ¥914.038 million, while the valuation difference on other securities deteriorated by ¥49.741 million from ¥7.965 million to negative ¥41.776 million. The holdings contracted, but the deterioration in the valuation difference indicates a financial impact. - FY2022Holdings broadly flat and valuation difference deterioratingAnnual report
「At the end of the fiscal year, property, plant and equipment decreased by ¥48.522 million from the end of the previous fiscal year to ¥2,111.405 million. This was mainly due to a ¥21.892 million increase in deferred tax assets, decreases of ¥12.581 million in buildings, net, ¥12.137 million in machinery and equipment, net, and ¥27.931 million in goodwill. Net assets decreased by ¥67.989 million from the end of the previous fiscal year to ¥2,802.312 million. This was mainly due to a ¥268.838 million increase in retained earnings carried forward, a ¥300.130 million decrease due to the acquisition of treasury stock and a ¥40.426 million decrease in the valuation difference on other securities.」
Investment securities remained broadly at the same level as at the end of the previous fiscal year, while the valuation difference on other securities decreased by ¥40.426 million and net assets decreased by ¥67.989 million. The holdings shifted from expansion to broadly flat, while the valuation difference deteriorated. - FY2022-Q3Declining holdings and deterioration in valuation differencesAnnual report
「Property, plant and equipment decreased by ¥66.012 million from the end of the previous fiscal year to ¥2,093.915 million. This was mainly due to decreases of ¥20.948 million in goodwill and ¥42.090 million in investment securities. Net assets decreased by ¥6.274 million from the end of the previous fiscal year to ¥2,864.027 million. This was mainly due to a ¥311.395 million increase in retained earnings from net income for the quarter and a ¥180.268 million decrease related to treasury stock, as well as a ¥100.115 million decrease in the valuation difference on other securities.」
Investment securities decreased by ¥42.090 million from ¥964.690 million to ¥922.599 million, reducing exposure to the holdings. Meanwhile, the valuation difference on other securities decreased by ¥100.115 million from ¥48.392 million to negative ¥51.723 million, indicating a deterioration in the valuation difference. - FY2022-Q2Declining holdings and deterioration in valuation differencesAnnual report
「Property, plant and equipment decreased by ¥9.448 million from the end of the previous fiscal year to ¥2,150.478 million. This was mainly due to a ¥7.500 million increase in vehicles and transportation equipment and a ¥26.055 million decrease in investment securities. Net assets increased by ¥57.299 million from the end of the previous fiscal year to ¥2,927.601 million. This was mainly due to a ¥233.243 million increase in retained earnings from net income for the quarter, a ¥75.170 million decrease related to treasury stock and a ¥63.488 million decrease in the valuation difference on other securities.」
Investment securities decreased by ¥26.055 million from the end of the previous fiscal year, reducing exposure to the holdings. Meanwhile, the valuation difference on other securities deteriorated from ¥48.392 million to negative ¥15.096 million, with the decrease in holdings and deterioration in the valuation difference occurring together. - FY2022-Q1Declining holdings and deterioration in valuation differencesAnnual report
「Property, plant and equipment decreased by ¥28.631 million from the end of the previous fiscal year to ¥2,131.296 million. This was mainly due to a ¥29.822 million decrease in investment securities. Valuation difference on other securities ¥48.392 million Negative ¥10.378 million」
Investment securities decreased by ¥29.822 million from the end of the previous fiscal year to ¥934.868 million, reducing exposure to the holdings. Meanwhile, the valuation difference on other securities deteriorated from ¥48.392 million to negative ¥10.378 million, with the decrease in holdings and deterioration in the valuation difference both noted. - FY2021Higher holdings and improved valuation differenceAnnual report
「At the end of the fiscal year, property, plant and equipment increased by ¥214.489 million from the end of the previous fiscal year to ¥2,159.927 million. This was mainly due to a ¥59.594 million increase in machinery and equipment, net, and a ¥275.219 million increase in investment securities, partly offset by a ¥27.931 million decrease in goodwill. Net assets increased by ¥422.696 million from the end of the previous fiscal year to ¥2,870.302 million. This was mainly due to increases of ¥155.816 million in retained earnings carried forward and ¥267.013 million in the valuation difference on other securities.」
Investment securities increased by ¥275.219 million from the end of the previous fiscal year, expanding exposure to changes in the value of the holdings. Meanwhile, the valuation difference on other securities increased by ¥267.013 million, and net assets increased by ¥422.696 million. - FY2021-Q3Higher holdings and improved valuation differenceAnnual report
「Property, plant and equipment increased by ¥111.101 million from the end of the previous fiscal year to ¥2,056.539 million. This was mainly due to a ¥63.096 million increase in machinery and equipment, a ¥20.799 million decrease in vehicles and transportation equipment, a ¥20.948 million decrease in goodwill and a ¥133.619 million increase in investment securities. Valuation difference on other securities Negative ¥218.621 million Negative ¥101.755 million」
Investment securities increased by ¥133.619 million from ¥689.471 million to ¥823.090 million, expanding exposure to changes in the value of the holdings. Meanwhile, the valuation difference on other securities improved from negative ¥218.621 million to negative ¥101.755 million, with the increase in holdings and improvement in the valuation difference both noted. - FY2021-Q2Higher holdings and improved valuation differenceAnnual report
「Property, plant and equipment increased by ¥71.252 million from the end of the previous fiscal year to ¥2,016.691 million. This was mainly due to increases of ¥66.597 million in machinery and equipment and ¥68.683 million in investment securities, partly offset by a ¥13.965 million decrease in goodwill.」
Investment securities increased by ¥68.683 million from ¥689.471 million to ¥758.154 million, expanding exposure to changes in the value of the holdings. Meanwhile, the valuation difference on other securities improved from negative ¥218.621 million to negative ¥159.113 million, with the increase in holdings and improvement in the valuation difference both noted. - FY2020First statedAnnual report
「As of the fiscal year ended March 2020, we held securities valued at ¥689.471 million, equivalent to 15% of total assets. The valuation difference on other securities was negative ¥218.621 million. Although we recorded ordinary profit of ¥131.347 million for the fiscal year and have generated stable profits averaging ¥152.139 million over the past 5 years, securities valuation losses resulting from sudden market changes could have a material impact on our operating results and financial position.」
The scale and valuation status of the holdings were disclosed, including securities of ¥689.471 million, 15% of total assets and a negative valuation difference on other securities of ¥218.621 million, explicitly identifying the risk of valuation losses from sudden market changes for the first time. An actual valuation loss of ¥60.002 million was also recorded during the fiscal year.