Redemption and Valuation Risks for Managed Products Following Reports of Default by Zhongrong International Trust Co., Ltd.
First written in FY2023-Q3. 1 of 4 entries say "Materialised", first in FY2023. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025MitigatedAnnual report
「愛而泰可新材料（深圳）有限公司 and 凡而泰（蘇州）生物科技有限公司, which were equity-method associates in the previous consolidated fiscal year, were excluded from the scope of the equity method in the current consolidated fiscal year because all equity interests were transferred.」
All equity interests in the equity-method affiliates, including the associate that recorded a loss related to the default of investment products, were transferred, leaving no equity-method associates at the end of the current fiscal year. - FY2024RestatedAnnual report
「愛而泰可新材料（深圳）有限公司 was the material associate during the current consolidated fiscal year, and its summarized financial statements are as follows.」
The associate for which a loss related to the default of investment products was disclosed in the previous fiscal year continues to disclose summarized financial information for the current fiscal year. - FY2023MaterialisedAnnual report
「愛而泰可新材料（深圳）有限公司, an equity-method affiliate, recorded a net loss because some of the investment products it held went into default, and therefore recorded an equity-method investment loss of ¥703.287 million as a non-operating expense.」
The redemption and valuation risk of the investment products disclosed as a risk in the previous fiscal year materialized, and ¥703.287 million was recorded as an equity-method investment loss. - FY2023-Q3First statedAnnual report
「One equity-method affiliate holds an asset management product managed by China's 中融国際信託有限公司. Reports have emerged concerning a default by 中融国際信託有限公司, but the redemption date for the product held has not yet arrived, making it difficult at present to reasonably estimate the amount of the impact. As developments may affect the Group's results of operations and other matters, the Company will continue to closely monitor the situation.」
For investment products held by an equity-method affiliate, a risk has been newly disclosed that, following reports of the asset manager's default, redemption is not yet due and the amount of the impact cannot be reasonably estimated.