Restructuring the business portfolio through the transfer of subsidiaries and affiliates
First written in FY2019. 6 of 13 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2026.
18 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「MITSUI MATSUSHIMA INTERNATIONAL PTY.LTD., MITSUI MATSUSHIMA AUSTRALIA PTY.LTD. and MMI Indonesia Investments PTY LTD. ceased operations and were excluded from the scope of consolidation as plans for completion of their liquidation were established. In addition, all shares in 三井松島リソーシス㈱ were transferred on 31 March 2026.」
The termination and liquidation of the overseas coal-related companies progressed, and the transfer of all shares in 三井松島リソーシス was also completed. The organization of the portfolio following its restructuring is progressing. - FY2026-H1AdvancedAnnual report
「During the current interim consolidated accounting period, MITSUI MATSUSHIMA INTERNATIONAL PTY.LTD., MITSUI MATSUSHIMA AUSTRALIA PTY.LTD. and MMI Indonesia Investments PTY LTD. ceased operations and were excluded from the scope of consolidation as plans for completion of their liquidation were established.」
Following the termination of the overseas coal-related businesses, the three companies were excluded from the scope of consolidation, and the organization of the business portfolio and liquidation procedures progressed. - FY2025AchievedAnnual report
「MITSUI MATSUSHIMA AUSTRALIA PTY.LTD., a consolidated subsidiary, transferred its interest in Australia’s Liddell coal mine on 28 November 2024. As a result of the transfer, the previously important contracts relating to coal production and sales, including the mining lease with the state of New South Wales, the JV agreement with Glencore and the sales agreement with Liddell, have ended.」
The transfer of the interest in the Liddell coal mine was completed on 28 November 2024, and the major contracts relating to coal production and sales also ended. - FY2025-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 5 July 2024, the company decided to transfer its entire 32.5% interest in the Liddell coal mine in Australia, held through its subsidiary Mitsui Matsushima Australia Pty Limited, to its joint venture partner Enex Liddell Pty Limited, and entered into a sale and purchase agreement on the same date.」
Regarding the restructuring of the business portfolio, the company decided to transfer its entire 32.5% interest in the Liddell coal mine and entered into a sale and purchase agreement on 5 July 2024. The transfer will be completed after the conditions precedent, including regulatory approvals, have been satisfied. - FY2024-Q1AchievedAnnual report
「During the current first-quarter consolidated accounting period, Square Resources Holding (No.2) Pty Ltd was excluded from the scope of the equity method because all of its shares were sold.」
In connection with the restructuring of the business portfolio, the sale of all shares in Square Resources Holding (No.2) Pty Ltd was completed, and the company was excluded from the scope of the equity method. - FY2022AchievedAnnual report
「MM Coal Tech㈱ completed its liquidation on 8 October 2021.」
The dissolution and liquidation procedures for MM Coal Tech were completed, bringing the processing of existing matters related to the business portfolio restructuring to an end. - FY2022-Q1AdvancedAnnual report
「The expenses incurred in connection with the dissolution of consolidated subsidiary MM Coal Tech株式会社 and commencement of liquidation procedures were recognized as an extraordinary loss on liquidation of an affiliate.」
In connection with the restructuring of the business portfolio, MM Coal Tech was dissolved and liquidation procedures began, resulting in a ¥17 million loss on liquidation of an affiliate. - FY2021AdvancedAnnual report
「In April 2020, MM Nagata Coal Tech 株式会社 established 永田エンジニアリング株式会社 through a company split, transferred the resource processing business to it, and then transferred all of its shares. The company name was changed to MM Coal Tech株式会社 (currently a consolidated subsidiary).」
After transferring the resource processing business to 永田エンジニアリング, the company transferred all shares in that company and proceeded with the restructuring of its business portfolio. - FY2021-Q2Cited as achievedAnnual report
「For the second-quarter consolidated cumulative period, although revenue increased in the lifestyle-related business following the acquisition of ケイエムテイ (pet sector) and 三生電子 (electronic components sector) as subsidiaries, revenue declined by ¥3,261 million, or 10.0%, year on year to ¥29,248 million, mainly because the shares in former consolidated subsidiary エムアンドエムサービス were sold at the end of the previous consolidated fiscal year.」
The transfer of all shares in M&Mサービス at the end of the previous fiscal year continued to be indicated as a factor behind the decline in consolidated revenue, partly offsetting the revenue increase from making ケイエムテイ and 三生電子 subsidiaries. - FY2021-Q1Cited as achievedAnnual report
「For the first-quarter consolidated cumulative period, although revenue increased in the lifestyle-related business following the acquisition of ケイエムテイ (pet sector) and 三生電子 (electronic components sector) as subsidiaries, revenue declined by ¥1,399 million, or 8.4%, year on year to ¥15,322 million, mainly because the shares in former consolidated subsidiary エムアンドエムサービス were sold at the end of the previous consolidated fiscal year.」
The transfer of all shares in M&Mサービス at the end of the previous fiscal year was cited, along with other previously completed measures, as a factor behind the decline in the lifestyle-related business and consolidated revenue during the current quarter. - FY2020AchievedAnnual report
「On 31 March 2020, the company transferred all shares in エムアンドエムサービス (lifestyle-related business; contracted facility management).」
The transfer of all shares in M&Mサービス was completed on 31 March 2020, and the company was excluded from the scope of consolidation. A gain of ¥599 million on the sale of shares in an affiliate was recognized. - FY2020-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 10 January 2020, the company resolved to transfer all shares it held in its consolidated subsidiary エムアンドエムサービス (hereinafter, “M&Mサービス”) to a special-purpose acquisition company to be established by 大和PIパートナーズ (hereinafter, “大和PI”), and entered into a share transfer agreement on the same date.」
Regarding the restructuring of the business portfolio, the company resolved to transfer all shares in M&Mサービス and entered into a share transfer agreement. The transfer was scheduled for 31 March 2020, after which the number of shares held would be 0. - FY2019First statedAnnual report
「The company transferred all shares in 松島電機製作所 on 1 April 2018. It also transferred all shares in LIDDELL COAL SALES PTE. LIMITED on 31 August 2018.」
As measures related to the restructuring of the business portfolio, the company reported the transfer of all shares in 松島電機製作所 and LIDDELL COAL SALES.