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NJ Holdings (9421) · FactWorsened

Excess Liabilities at Game Subsidiary

First written in FY2016. 4 of 7 entries say "Worsened", first in FY2018. Latest entry: FY2026.

7entries
11years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016WorsenedFY2018 – FY2020OtherFY2021-Q12016: 120162017: 020172018: 120182019: 020192020: 220202021: 020212022: 020222023: 020232024: 120242025: 120252026: 12026
Same theme, other companies
Insolvency at a SubsidiaryA theme 137 companies write about · 149 as a headwind · 0 as a tailwind

NJ Holdings moved to the "Worse" side of this theme in 2018, 5 years before the typical company in this theme (2023).

The whole theme swung hardest in 2020: 18 of 45 companies on the "Worse" side.

37 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 137 companies compared. The sentences above are computed from all 137.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「Game Studio Co., Ltd. ④ Net assets △¥47,989 thousand Tri-Ace Co., Ltd. ④ Net assets △¥134,473 thousand」

    ゲームスタジオ had net liabilities of ¥47,989 thousand, while トライエース had net liabilities of ¥134,473 thousand. Although トライエース's net liabilities narrowed from ¥204,627 thousand in the previous fiscal year, the companies subject to disclosure for excess liabilities now also include ゲームスタジオ.
  2. FY2025MitigatedAnnual report

    「Tri-Ace Co., Ltd. ④ Net assets −¥204.627 million」

    Tri-Ace remained in a net liability position, but net assets improved from negative ¥422.725 million in the previous fiscal year to negative ¥204.627 million.
  3. FY2024WorsenedAnnual report

    「Tri-Ace Co., Ltd. ① Net sales ¥1,572.034 million ② Ordinary income ¥193.278 million ③ Net income ¥193.078 million ④ Net assets −¥422.725 million」

    Even after Boom's liquidation was completed, Tri-Ace was disclosed as having net liabilities of ¥422.725 million. This indicates that the financial problems of the game subsidiaries had not been resolved.
  4. FY2021-Q1Liquidation completed for the company in a net liability positionAnnual report

    「As consolidated subsidiary Boom Co., Ltd. completed its liquidation on 7 September 2020, it was excluded from the scope of consolidation.」

    The company disclosed that Boom, which had previously reported net liabilities, completed its liquidation on 7 September 2020 and was excluded from the scope of consolidation. The report does not explicitly assess the financial impact of the liquidation.
  5. FY2020WorsenedAnnual report

    「Boom Co., Ltd. was in a net liability position, with net liabilities of ¥143.624 million as of 30 June 2020.」

    Boom's net liabilities increased to ¥143.624 million from ¥5.611 million at the time of the previous review.
  6. FY2018WorsenedAnnual report

    「Boom Co., Ltd. was in a net liability position, with net liabilities of ¥5.611 million as of 31 March 2018.」

    Boom had net liabilities of ¥5.611 million as of 31 March 2018. Tri-Ace's net assets were also disclosed at negative ¥141.875 million, indicating that the game subsidiaries remained in a net liability position.
  7. FY2016First statedAnnual report

    「The company was in a net liability position, with net liabilities of ¥539.056 million as of 31 March 2016.」

    The company disclosed Tri-Ace's net liabilities as of 31 March 2016.
Moved together

"Expanding Recruitment and Registered Worker Numbers and Improving Productivity in the Temporary Staffing Business" moved the same way as this thread, in the same document, in 3 of its 7 moves.

332222★123456
  1. ★This thread
  2. 1Expanding Recruitment and Registered Worker Numbers and Improving Productivity in the Temporary Staffing Business3×
  3. 2Concentration of sales among major customers3×
  4. 3Transition from a mobile-focused business to portfolio management centered on games and other businesses2×
  5. 4Securing large-scale projects by leveraging the Group’s economies of scale2×
  6. 5Delays in Game Development and Slippage in Project Deliveries and Order Acquisition2×
  7. 6Next Growth Investments Guided by Increases in EBITDA and Improvements in ROE2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for NJ Holdings yet.
News
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Excess Liabilities at Game Subsidiary | NJ Holdings Inc. (9421) | Komori