Establishment of an AI Joint Venture with Compass Cloud Technology Pte. Ltd.
First written in FY2024-Q1. 2 of 6 entries say "Restated". Latest entry: FY2027-H1.
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- FY2027-H1ReframedAnnual report
「Our wholly owned subsidiary, Compass Cloud AI Japan Co., Ltd., entered into a monetary consumption loan agreement with Rubin Tech Inc. dated 3 July 2026 and borrowed USD1,500,000.」
Compass Cloud AI Japan has been repositioned from a joint venture and equity-method associate to a wholly owned subsidiary responsible for the AIDC business. The borrowing from Rubin Tech Inc. was fully repaid on 2 September 2026. - 2026-05-22ReframedM&A and Subsidiary Changes
「However, after establishment, we considered product applicability, customer demand, sales structure and the feasibility of commercialisation, but no specific projects were formed in the Japanese market and no operating revenue was recognised.」
The ownership structure changed from a 50:50 joint venture with Compass Cloud Technology Pte. Ltd. to a wholly owned subsidiary through the acquisition of its stake. The joint venture's expansion into Japan did not produce specific projects or operating revenue, and the entity was reorganised for centralised management within the Group as the operating entity for the AI infrastructure-related business. - FY2024RestatedAnnual report
「Our group launched 3 AI-related businesses in the previous fiscal year within the system solutions business, our original business.」
Preparations for developing AI and edge computing businesses in Japan through the joint venture with Compass Cloud Technology Pte. Ltd. continue as part of the 3 AI-related businesses. - FY2024-Q3RestatedAnnual report
「As part of this, as disclosed in the July 2023 notice concerning the establishment of a joint venture (associate accounted for under the equity method), Compass Cloud AI Japan Co., Ltd. was established as a joint venture with Compass Cloud Technology Pte. Ltd.」
The establishment of a joint venture with Compass Cloud Technology Pte. Ltd. and preparations for developing AI-related businesses continue to be described in the third quarter. - FY2024-Q2AdvancedAnnual report
「As disclosed in the July 2023 notice concerning the establishment of a joint venture (associate accounted for under the equity method), Compass Cloud AI Japan Co., Ltd. was established as a joint venture with Compass Cloud Technology Pte. Ltd.」
The joint venture with Compass Cloud Technology Pte. Ltd., for which the establishment resolution was disclosed in the previous quarter, has been established as Compass Cloud AI Japan Co., Ltd. and added to the scope of consolidation. - FY2024-Q1First statedAnnual report
「At a meeting of the board of directors held on 3 July 2023, we resolved to establish Compass Cloud AI Japan Co., Ltd. as a joint venture with Singaporean company Compass Cloud Technology Pte. Ltd.」
The resolution to establish Compass Cloud AI Japan Co., Ltd. as a joint venture with Singaporean company Compass Cloud Technology Pte. Ltd. on 3 July 2023, after the quarter-end, was disclosed.