Decline in Investment Value Related to RIZAP
First written in FY2019. 1 of 2 entries say "Materialised", first in FY2019. Latest entry: FY2020.
Mrk Holdings moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
The whole theme swung hardest in 2024: 8 of 13 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2020WorsenedAnnual report
「In light of the deterioration in the financial condition of RIZAP株式会社 due to the spread of COVID-19, the Company conservatively reassessed its investment in the company's shares and recognized an ¥872 million valuation loss on the shares as an extraordinary loss.」
Following the deterioration in RIZAP株式会社's financial condition, the Company recognized a valuation loss on shares of ¥872.462 million, following the previous fiscal year, indicating that the risk of a decline in investment value has continued and expanded. - FY2019MaterialisedAnnual report
「Although RIZAP株式会社, whose shares the Company holds, has steadily grown, centered on its body-make business, the Company took into account the temporary deterioration in the consolidated results of its parent company, RIZAP Group株式会社, for the fiscal year ended March 2019, as well as the impact of the reorganization of group companies promoted by RIZAP Group株式会社. As a result of a more conservative and stringent reassessment of the shares, the Company recognized an ¥877 million valuation loss on the shares as an extraordinary loss.」
In light of the deterioration in the results of RIZAP Group, the parent company of RIZAP株式会社, and the impact of its reorganization, an ¥877 million valuation loss was recognized on the shares of RIZAP株式会社. The decline in the value of the investment related to the capital and business alliance with RIZAP has materialized as an actual loss.