Acquisition of Investment Securities to Create Business Synergies
First written in FY2019. 7 of 10 entries say "Restated". Latest entry: FY2025.
Smartvalue moved to the "Worse" side of this theme in 2020.
The whole theme swung hardest in 2020: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「With regard to the rationale for holding such shares, the Board of Directors examines, from a medium- to long-term perspective, the benefits and impairment risks associated with each individual holding. The Company will eliminate holdings that are not considered rational by selling them or taking other measures.」
The policy of reviewing the benefits and impairment risks of individual cross-shareholdings and eliminating holdings where there is no rationale continues. - FY2024RestatedAnnual report
「The Company's policy on cross-shareholdings held for purposes other than pure investment is to hold shares strategically only when it is reasonably determined that the business relationship with the investee will develop through such shareholding and contribute to enhancing the Company's corporate value over the medium to long term.」
The policy of holding cross-shareholdings based on business synergies and enhancement of corporate value continues. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no major risks arising or significant changes relating to impairment risk on investment securities held to create business synergies. - FY2024-Q2RestatedAnnual report
「During the second quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The Company states that there have been no major risks arising or significant changes relating to impairment risk on investment securities held to create business synergies. - FY2023-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, there were no occurrences of the principal risks that management recognised as potentially having a material impact on the financial condition, operating results or cash flows of the consolidated group, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year, among the matters relating to the business, accounting conditions, financial statements and other matters described in the quarterly report.」
The Company states that there have been no major risks arising or significant changes relating to impairment risk on investment securities held to create business synergies. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no major risks arising or significant changes relating to impairment risk on investment securities held to create business synergies. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The Company states that there have been no major risks arising or significant changes relating to impairment risk on investment securities held to create business synergies. - FY2021WorsenedAnnual report
「During the current consolidated fiscal year, the Company recognised an impairment loss of ¥20 million on unlisted shares.」
An impairment loss of ¥20 million was recognised this fiscal year on unlisted shares held as investment securities intended to create business synergies and develop new businesses. - FY2020WorsenedAnnual report
「During the current consolidated fiscal year, the Company recognised impairment losses of ¥7.416 million on unlisted shares and ¥100 million on investments in investment limited partnerships.」
Impairment losses were recognised on investment securities intended to create business synergies and develop new businesses: ¥7.416 million on unlisted shares and ¥100 million on investments in investment limited partnerships. - FY2019First statedAnnual report
「To create business synergies and advance our efforts to develop new businesses.」
During the current fiscal year, the Company acquired ¥20 million of unlisted shares, documenting for the first time, together with an actual acquisition, its investment policy aimed at creating business synergies and developing new businesses.