Transformation of the Earnings Structure through Removing Group Lease PCL from Consolidation and Applying the Equity Method
First written in FY2021. 6 of 10 entries say "Restated". Latest entry: FY2025.
1 other company's latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「On 29 April 2025, the company transferred its shares in the equity-method affiliates Engine Property Management Asia Co., Ltd. (hereinafter, “EPMA”) and P. P. Coral Resort Co., Ltd. (hereinafter, “PPC”). As a result, EPMA and PPC were excluded from the scope of equity-method accounting from the beginning of the third quarter of the current consolidated fiscal year.」
Shares in EPMA and PPC, which operate the resort business, were transferred, and the companies were excluded from the scope of equity-method accounting from the beginning of the third quarter of the current consolidated fiscal year. - FY2025-H1AdvancedAnnual report
「GL was delisted on 24 April 2025 in accordance with the regulations of the Stock Exchange of Thailand. GL will continue its business operations without change as an unlisted company after the delisting. Delisting does not mean that the business has ended, and the company will continue to provide support in all respects as an important equity-method affiliate.」
The company explains that GL was delisted on 24 April 2025 but continues operating as an unlisted company, and that the company will continue providing support as an important equity-method affiliate. - FY2024-Q2AdvancedAnnual report
「On 4 March 2024, following the court’s order for GLH’s liquidation, GLH was placed under the management of a Liquidator and liquidation proceedings are under way. Accordingly, because effective control over GL was lost during the cumulative second quarter of the current consolidated fiscal year, GLH has been excluded from the scope of equity-method accounting from the cumulative second quarter of the current consolidated fiscal year.」
Following the liquidation order for GLH, liquidation proceedings began and GLH was excluded from the scope of equity-method accounting from the cumulative second quarter of the current consolidated fiscal year. The previous structure, in which Group Lease PCL was an equity-method affiliate, was followed by the liquidation of GLH and its exclusion from equity-method accounting. - FY2023-Q3RestatedAnnual report
「Regarding segment results, the company previously had two reportable segments, the “Content Business” and the “Digital Finance Business,” but changed to a single “Content Business” segment from the cumulative third quarter of the previous consolidated fiscal year.」
Following the conversion of Group Lease PCL to an equity-method affiliate, the company continues to operate with the content business as its single consolidated segment, while reflecting the Digital Finance and resort businesses through equity-method investment income or loss and other items. - FY2023-Q1RestatedAnnual report
「Regarding segment results, the company previously had two reportable segments, the “Content Business” and the “Digital Finance Business,” but changed to a single “Content Business” segment from the cumulative first quarter of the previous consolidated fiscal year.」
Following the conversion of Group Lease PCL to an equity-method affiliate, the company continues to operate with the content business as its single consolidated segment. - FY2022RestatedAnnual report
「From the current consolidated fiscal year, our business consists primarily of the “Content Business,” together with the “Digital Finance Business” and “Resort Business” operated by two important equity-method affiliates.」
The company continues to present the content business as its single consolidated segment while describing the Digital Finance and resort businesses operated by equity-method affiliates as important business areas. - FY2022-Q3RestatedAnnual report
「As Group Lease PCL, a consolidated subsidiary of the group, changed to an equity-method affiliate at the end of the previous fiscal year, the group now operates as a single-business company consisting solely of the content business, rather than the two businesses it previously operated, namely the content business and the Digital Finance business.」
The company continues to disclose that, following the conversion of Group Lease PCL to an equity-method affiliate, the group consists of a single business on a consolidated basis, the content business. - FY2022-Q2RestatedAnnual report
「As Group Lease PCL, a consolidated subsidiary of the group, changed to an equity-method affiliate at the end of the previous fiscal year, the group now operates as a single-business company consisting solely of the content business, rather than the two businesses it previously operated, namely the content business and the Digital Finance business.」
The company continues to disclose that, following the conversion of Group Lease PCL to an equity-method affiliate, the group consists of a single business on a consolidated basis, the content business. - FY2022-Q1RestatedAnnual report
「As Group Lease PCL, a consolidated subsidiary of the group, changed to an equity-method affiliate at the end of the previous fiscal year, the group now operates as a single-business company consisting solely of the content business, rather than the two businesses it previously operated, namely the content business and the Digital Finance business.」
The company continues to disclose that, following the conversion of Group Lease PCL to an equity-method affiliate, the only business operated on a consolidated basis by the group is the content business. - FY2021First statedAnnual report
「Because the voting-rights ratio in consolidated subsidiary Group Lease PCL. remained below 40% for an extended period and our influence over GL's board declined, it became difficult to conclude that an effective controlling relationship was being maintained. Accordingly, using 30 September 2021 as the deemed transfer date, we removed Group Lease PCL. from the scope of consolidation and began accounting for it as an equity-method affiliate.」
Group Lease PCL. and its consolidated subsidiaries were removed from the scope of consolidation and became equity-method affiliates. As a result, the Digital Finance business was excluded from consolidated revenue and operating income from the following period and reflected in ordinary profit and below through equity-method investment profit or loss.