Transfer of 日立プラントコンストラクション’s Thermal Power Generation-Related Business Through a Company Split
First written in FY2021-Q3. 3 of 12 entries say "Advanced", first in FY2021. Latest entry: FY2026-H1.
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- FY2026-H1Goodwill related to the business transferred decreased to ¥53 millionAnnual report
「Goodwill 89 53」
Goodwill related to the business transferred from Hitachi Plant Construction and other businesses decreased from ¥89 million at the end of the previous fiscal year to ¥53 million at the end of the current interim period. - FY2025Goodwill related to the transferred business decreased to ¥89 millionAnnual report
「Goodwill 161 89」
Goodwill related to the business transferred from Hitachi Plant Construction and other businesses decreased from ¥161 million at the end of the previous fiscal year to ¥89 million at the end of the current fiscal year. - FY2025-H1Goodwill related to the transferred business decreased to ¥125 millionAnnual report
「Goodwill 161 125」
Goodwill related to the business transferred from Hitachi Plant Construction and other businesses decreased from ¥161 million at the end of the previous fiscal year to ¥125 million at the end of the current interim period. - FY2024Goodwill related to the transferred business decreased to ¥161 millionAnnual report
「Amortization during the year 71 Balance at the end of the year 161」
Goodwill related to the business transferred from Hitachi Plant Construction and other businesses was amortized by ¥71 million during the year, leaving a balance of ¥161 million at year-end. - FY2024-Q3Goodwill related to the transferred business decreased to ¥179 millionAnnual report
「Goodwill 233 179」
Goodwill related to the business transferred from Hitachi Plant Construction and other businesses decreased from ¥233 million at the end of the previous fiscal year to ¥179 million at the end of the third quarter of the current fiscal year. - FY2023Updated amortization of goodwill related to the transferred businessAnnual report
「Amortization during the year 71 Balance at the end of the year 233」
Goodwill related to the business transferred from Hitachi Plant Construction was amortized by ¥71 million during the year, leaving a balance of ¥233 million at year-end. - FY2023-Q3Continued amortization of goodwill related to the transferred businessAnnual report
「Goodwill amortization attributable to this event was ¥35 million for the first nine months of the current consolidated fiscal year, and the unamortized balance at the end of the current third quarter was ¥322 million.」
Goodwill related to the business transferred from Hitachi Plant Construction was amortized by ¥35 million during the first nine months of the current fiscal year, leaving an unamortized balance of ¥322 million at the end of the period. - FY2023-Q1AdvancedAnnual report
「Although thermal power generation equipment construction increased as a result of the business transfer through a company split completed in the previous fiscal year,」
The company stated that the effects of the transfer of Hitachi Plant Construction's thermal power generation-related business, completed in the previous fiscal year, emerged in the first quarter as an increase in thermal power generation equipment construction. - FY2022-Q3AdvancedAnnual report
「Upon finalizing the provisional accounting treatment, we reviewed the initial allocation of the acquisition cost. As a result of an increase in customer-related assets and other factors, the provisionally calculated goodwill of ¥2,210 million decreased by ¥1,852 million to ¥358 million.」
The provisional accounting treatment for the business combination related to the transfer of Hitachi Plant Construction's business was finalized, and goodwill was revised from ¥2,210 million to ¥358 million due to an increase in customer-related assets and other factors. - FY2022-Q2AchievedAnnual report
「We completed the company split on 1 July 2021.」
The transfer of Hitachi Plant Construction's thermal power generation-related business through a company split was completed on 1 July 2021. The acquisition cost of the transferred business was disclosed as ¥3,498 million and goodwill as ¥2,210 million. - FY2021AdvancedAnnual report
「In addition, on 17 May 2021, we entered into an absorption-type company split agreement with Hitachi Plant Construction in accordance with the basic integration agreement.」
Regarding the transfer of Hitachi Plant Construction's thermal power generation-related business, an absorption-type company split agreement was signed, advancing preparations for the 1 July 2021 business combination. - FY2021-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 27 January 2021, we resolved to enter into and entered into on the same day a basic integration agreement to acquire, through a company split, part of the thermal power generation-related business of Hitachi Plant Construction Co., Ltd. (hereinafter, “Hitachi Plant Construction”; the “target business” and the “company split,” respectively). Date of business combination: 1 July 2021 (scheduled). In connection with the company split, we plan to pay Hitachi Plant Construction an amount agreed between the two companies, consisting of ¥2,300 million plus the assets to be transferred as of the end of March 2020, less the liabilities to be transferred (the “balance-sheet difference”), adjusted for the balance-sheet difference immediately before the effective date. Operating results of the transferred business (fiscal year ended March 2020): Net sales ¥12,277 million」
Entered into a basic integration agreement to acquire the thermal power generation equipment design and construction business through a company split, with the business combination scheduled for 1 July 2021. Net sales of the target business for the fiscal year ended March 2020 were ¥12,277 million, and consideration is expected to comprise ¥2,300 million adjusted for the balance-sheet difference. The company expects to strengthen productivity, global expansion and construction capabilities by leveraging Hitachi's proprietary construction methods and technologies, personnel, overseas experience and network of partner companies.