Risks Related to Investments and Financing for New Businesses, Subsidiaries, Alliances and M&A
First written in FY2019. 6 of 15 entries say "Worsened", first in FY2021. Latest entry: 2026-08-14.
Mrk Holdings moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 28 of 84 companies on the "Worse" side.
21 other companies' latest entry also says "Mitigated".
- 2026-08-14MitigatedEarnings
「This was mainly the result of decreases in short-term loans to affiliated companies and cash and deposits.」
Short-term loans to affiliated companies decreased from ¥3.5 billion to ¥2.4 billion, reducing the Company's lending exposure to affiliated companies. - FY2026Loan collections and additional lending continueAnnual report
「This was mainly due to an increase in funds from receipts of ¥4.9 billion from the collection of loans, ¥1.58 billion from the collection of loans to affiliated companies, and other items, and a decrease in funds from payments of ¥4.9 billion for loans and ¥880 million for loans to affiliated companies, among other items.」
Collections and additional lending to the parent company and affiliates occurred during the same fiscal year. The balance of short-term loans to affiliates was ¥3.5 billion. - FY2026-H1Loan collections and additional lending continueAnnual report
「This was mainly due to an increase in funds from receipts of ¥3.75 billion from the collection of loans, ¥400 million from the collection of loans to affiliated companies, and other items, and a decrease in funds from payments of ¥4.9 billion for loans, among other items.」
Although the Company collected loans, including ¥400 million from loans to affiliates, it also provided ¥4.9 billion in new loans, with recovery exposure from investments, financing, and loans coexisting with additional funding. - FY2025-H1Loan collections and additional lending coexistAnnual report
「This was mainly due to an increase in funds from receipts of ¥5.05 billion from the collection of loans and other items, and a decrease in funds from payments of ¥4.05 billion for loans and ¥175 million for the acquisition of property, plant and equipment, among other items.」
In connection with investments, financing, and loans to affiliates, ¥5.05 billion in loan collections and ¥4.05 billion in new loans occurred during the same period. Short-term loans to affiliates stood at ¥4,000 million, unchanged from the end of the previous fiscal year. - FY2024WorsenedAnnual report
「The increase in funds was due mainly to receipts of ¥5.2 billion from the collection of loans to affiliated companies and other items, while the decrease in funds was due to payments of ¥6.2 billion for loans to affiliated companies and ¥1.0 billion for other loans.」
The Company continued to provide loans to affiliates. The balance of loans to affiliates to the RIZAP Group was ¥4.0 billion, while short-term loans to REXT Holdings, a subsidiary of the parent company, amounted to ¥1.0 billion. Recovery exposure from investments, financing, and loans has expanded. - FY2024-Q3WorsenedAnnual report
「Short-term loans to affiliates 3,000,000 3,200,000」
Short-term loans to affiliates increased from ¥3.0 billion at the end of the previous consolidated fiscal year to ¥3.2 billion. In contrast to the previously observed coexistence of loan collections and additional lending to affiliates, loan exposure had expanded at the quarter-end. - FY2024-Q2Collection of loans to affiliates coexisted with additional lendingAnnual report
「This was mainly attributable to an increase in funds from the collection of loans to affiliates of ¥2.5 billion and other items, and a decrease in funds from ¥2.0 billion in loans to affiliates, ¥111 million in purchases of property, plant and equipment, and other items.」
The Company collected ¥2.5 billion in loans to affiliates while providing ¥2.0 billion in new loans to affiliates. The balance of short-term loans to affiliates declined from ¥3.0 billion at the end of the previous fiscal year to ¥2.5 billion, with a reduction in loan exposure coexisting with additional funding. - FY2023WorsenedAnnual report
「Disbursements for loans to affiliates: ¥11.0 billion; disbursements for loans: ¥3.0 billion … Short-term loans to affiliates: ¥3,000 million」
Loans to affiliates expanded, with ¥11.0 billion in loans to the RIZAP Group, ¥3.0 billion in loans to RIZAP, and ¥3.0 billion in short-term loans to affiliates at period-end. Recovery exposure from investments, financing, and loans has increased. - FY2023-Q2WorsenedAnnual report
「This was mainly due to increases in loans to affiliated companies and accounts receivable, and decreases in cash and deposits and inventories.」
Loans to affiliates increased, and short-term loans to affiliates amounted to ¥3.0 billion at the quarter-end. The recovery exposure arising from funding subsidiaries and other affiliates has expanded. - FY2022WorsenedAnnual report
「Because impairment indicators had arisen for fixed assets with a carrying amount of ¥1.083308 billion related to MISEL's wedding and banquet business, recognition of an impairment loss, if required, could materially affect net assets.」
Impairment indicators arose for ¥1.083308 billion of fixed assets in MISEL's wedding and banquet business, indicating that deterioration in the business could lead to an additional allowance for doubtful accounts against long-term loans to affiliates. - FY2021WorsenedAnnual report
「The Company classified long-term loans to affiliates, including 株式会社エンジェリーベ, ＭＩＳＥＬ株式会社, and 瑪露珂爾（上海）国際貿易有限公司, as loans to affiliates requiring close monitoring for collectibility and recorded an allowance for doubtful accounts. If the financial condition of these affiliates deteriorates further, additional provisions may be required, which could adversely affect the Company's operating results.」
Against long-term loans to affiliates of ¥2.534116 billion, the Company recorded an allowance for doubtful accounts of ¥658.539 million and a provision expense of ¥398.281 million, making the collection risk associated with investments, financing, and loans to subsidiaries and other affiliates concrete. - FY2020MaterialisedAnnual report
「The other impairment loss referred to above arose at the consolidated subsidiary MISEL㈱. Following the decision to scale back its sharing service, the carrying amount of the asset group referred to above was reduced to its recoverable amount, and the resulting reduction of ¥91.272 million was recognized as an extraordinary loss.」
An impairment loss of ¥91.272 million was actually recognized in connection with investments and financing for new businesses and subsidiaries, following the scaling back of MISEL's sharing service. - FY2019First statedAnnual report
「To expand its business going forward, the Group is investing and providing financing for entry into new businesses, the establishment of subsidiaries, alliances, and M&A both in Japan and overseas. The Group makes these investment and financing decisions after thoroughly evaluating the risks and recoverability in advance. However, it may be difficult to reliably predict the impact that the condition of the investee or financed business will have on the Group. If the invested or financed amounts cannot be recovered, or if an event occurs that requires impairment, the Group's operating results and financial position may be affected.」
The possibility of unrecoverable amounts or impairment related to investments and financing for new businesses, subsidiaries, alliances, and M&A undertaken in connection with business expansion was disclosed as a separate risk for the first time.