Partial Sale of MTN Shares and Application of the Equity Method to Enable MTN to Exercise Greater Independence
First written in FY2024-Q1. 3 of 5 entries say "Restated". Latest entry: FY2026.
Dai-Ichi Cutter Kogyo K.K. moved to the "Worse" side of this theme in 2026.
2 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「2 equity-method affiliates (ダイヤモンド機工株式会社 and 株式会社ＭＴＮ (name changed from 株式会社ムーバブルトレードネットワークス in December 2025))」
It is expressly stated that the name of the equity-method affiliate changed to 株式会社ＭＴＮ. - FY2025RestatedAnnual report
「Because part of the shares in 株式会社ムーバブルトレードネットワークス was transferred, the company has been excluded from the scope of consolidation and classified as an equity-method investee.」
The full-year results also confirm that MTN has a 34.6% voting rights interest, is an equity-method affiliate, and that the reuse and recycling business has been excluded from the reportable segments. - FY2025-H1RestatedAnnual report
「Because the Company transferred part of its shares in 株式会社ムーバブルトレードネットワークス, formerly a consolidated subsidiary, during the previous consolidated fiscal year, the company was removed from the scope of consolidation. Accordingly, the reuse and recycling business was removed from the reporting segments from the interim consolidated accounting period under review.」
The exclusion of MTN from consolidation and its change to an equity-method affiliate following the partial transfer of shares have also been reflected in the current interim consolidated accounting period as the discontinuation of the reportable segment. - FY2024-Q2RestatedAnnual report
「株式会社ムーバブルトレードネットワークス, formerly a consolidated subsidiary, has been excluded from the scope of consolidation and classified as an equity-method affiliate because the Company sold part of its shareholding.」
It has again been disclosed in the current quarter that MTN changed from a consolidated subsidiary to an equity-method affiliate following the partial sale of MTN shares. - FY2024-Q1First statedAnnual report
「As a result, our voting rights interest in MTN will be 34.6%, and MTN will cease to be a consolidated subsidiary of ours and become an equity-method affiliate. We decided to transfer part of the shares we hold in MTN, based on discussions with MTN, having determined that enabling MTN to fully exercise its independence and pursue further business expansion while maintaining group solidarity will ultimately contribute to growth and enhanced value across the Group.」
On 25 September 2023, part of the MTN shares was transferred, changing MTN from a consolidated subsidiary to an equity-method affiliate and reducing the voting rights interest to 34.6%. The reasons for pursuing MTN's independence and business expansion while maintaining group solidarity are explained.