Risk of Failure to Recover Large-Scale Investments and Financing
First written in FY2019. 12 of 14 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2026.
Tokyo Gas moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2019: 10 of 27 companies on the "Worse" side.
26 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「During the current consolidated fiscal year, the group recognized impairment losses primarily on the following asset groups: Takaoka, Toyama Prefecture, biomass power generation business, ¥15,859 million; Ichihara, Chiba Prefecture, biomass power generation business, ¥12,941 million.」
The risk of large-scale investments and financing being unrecoverable or failing to produce results materialized as total impairment losses of ¥28,800 million on 2 biomass power generation projects. - FY2024MaterialisedAnnual report
「The company reviewed its business plan for the mining rights related to the shale development business following the acquisition of a new business, and recognized an impairment loss of ¥1,342 million because the recoverability of investments in certain fields was no longer considered probable.」
The risk of failing to recover large-scale investments materialized as an impairment loss of ¥1,342 million related to certain fields following the acquisition of Rockcliff. - FY2023MaterialisedAnnual report
「Total extraordinary losses increased from ¥6,211 million in the previous consolidated fiscal year to ¥8,669 million. This was attributable to the recognition of an impairment loss of ¥4,093 million in the Energy Solutions segment, a loss on valuation of investment securities of ¥2,420 million, and a loss on valuation of long-term loans receivable of ¥2,154 million.」
In connection with the risk of large-scale investments and financing being unrecoverable or failing to produce results, the company also recognized an impairment loss, a loss on valuation of investment securities, and a loss on valuation of long-term loans receivable during the current fiscal year. - FY2022MaterialisedAnnual report
「This was attributable to the recognition of an impairment loss of ¥3,742 million related to the real estate business and other operations, and a loss on valuation of investment securities of ¥2,468 million.」
In connection with the risk of large-scale investments and financing being unrecoverable or failing to produce results, the company incurred an impairment loss related to the real estate business and other operations and a loss on valuation of investment securities during the current fiscal year. - FY2021MaterialisedAnnual report
「However, depending on subsequent changes in economic conditions and other factors, large-scale investments to strengthen stable supply infrastructure, including pipelines and LNG terminal construction, as well as investments in overseas businesses such as the power, renewable energy and energy services businesses and gas field development, LNG transportation, IT and the utilization of owned real estate, may not be recovered appropriately or may fail to produce the intended results, adversely affecting earnings as extraordinary losses.」
The company continues to disclose the risk of failing to recover large-scale investments and financing, and during the current fiscal year also recognized an impairment loss of ¥9,427 million and other losses in the Overseas segment. - FY2021-Q3MaterialisedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the company recognized an impairment loss of ¥7,300 million in the Overseas segment.」
As an actual example related to the risk of large-scale investments and financing failing to produce results or being unrecoverable, the company recognized an impairment loss of ¥7,300 million in the Overseas segment. - FY2021-Q2MaterialisedAnnual report
「In addition, the company recognized extraordinary income of ¥2,937 million from the gain on the recognition of negative goodwill related to overseas upstream operations, and extraordinary losses consisting of an impairment loss of ¥6,464 million and a loss on valuation of investment securities of ¥4,067 million.」
In connection with the risk of large-scale investments and financing failing to produce results or being unrecoverable, the company recognized an impairment loss of ¥6,464 million and a loss on valuation of investment securities of ¥4,067 million in its overseas upstream operations. - FY2021-Q1MaterialisedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the company recognized an impairment loss of ¥4,788 million in the Overseas segment.」
As an actual example related to the risk of large-scale investments and financing failing to produce results or being unrecoverable, the company recognized an impairment loss of ¥4,788 million in the Overseas segment. - FY2020WorsenedAnnual report
「This was attributable to the recognition of an impairment loss of ¥28,152 million on overseas upstream operations and a loss on valuation of investment securities of ¥18,643 million.」
The impairment loss on the overseas business recognized through the previous quarter expanded to ¥28,152 million for the full fiscal year, and a loss on valuation of investment securities of ¥18,643 million was also recognized. - FY2020-Q3MaterialisedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the company recognized an impairment loss of ¥8,086 million in the Overseas segment.」
As an actual example related to the risk of large-scale investments and financing failing to produce results or being unrecoverable, the company recognized an impairment loss of ¥8,086 million in the Overseas segment. - FY2020-Q2MaterialisedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the company recognized an impairment loss of ¥7,668 million in the Overseas segment.」
As an actual example related to the risk of large-scale investments and financing failing to produce results or being unrecoverable, the company recognized an impairment loss of ¥7,668 million in the Overseas segment. - FY2019First statedAnnual report
「Large-scale investments and financing will continue toward the initiatives set out in the Challenge 2020 Vision, including the enhancement of the LNG value chain.」
The company identifies the risk that large-scale investments in the LNG value chain, supply infrastructure, power, overseas businesses, transportation, IT, real estate and other areas may become unrecoverable or fail to produce the expected results due to changes in economic conditions. It cites profitability and risk assessments by the Investment Evaluation Committee as countermeasures.