Risk Relating to Recovery of the Paravi Investment's Underlying Value and Acquisition of Paying Subscribers
First written in FY2021. 2 of 3 entries say "Reframed", first in FY2023. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024ReframedAnnual report
「The paid video streaming service is being developed primarily through collaboration with ㈱U-NEXT, which integrated its management with ㈱プレミアム・プラットフォーム・ジャパン in April 2023.」
The risk of recovery in the value of the Paravi investment and acquiring subscribers shifted from an explanation premised on recovery of the standalone PPJ investment to a structure centered on management integration and collaboration with U-NEXT. - FY2023ReframedAnnual report
「From the current consolidated fiscal year, ㈱プレミアム・プラットフォーム・ジャパン was excluded from the scope of equity-method accounting because its interest was transferred through a share exchange.」
The risk of recovery in the value of the Paravi investment and acquiring paid subscribers shifted from an explanation premised on the former PPJ investment to a different business structure following the transfer of the PPJ stake and integration with U-NEXT. - FY2021First statedAnnual report
「At the end of the current fiscal year, although the value of the Company's investment in ㈱プレミアム・プラットフォーム・ジャパン had declined significantly, the Company determined that a recovery in value was sufficiently supported by future business plans and did not recognize an impairment loss.」
While recognizing the significant decline in the value of the ¥5,000 million investment in the operator of Paravi, the company estimated the possibility of recovery through enhancing streaming content and acquiring, retaining and regaining paid subscribers.