Technical Assistance Agreement with Kunshan Tongwan Microbial Technology Co., Ltd. and Its Designation as a Specified Subsidiary
First written in FY2017. 1 of 3 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2018-Q2.
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- FY2018-Q2RestatedAnnual report
「Beginning in the first quarter, 昆山統万微生物科技有限公司, formerly an affiliated company accounted for under the equity method, became a subsidiary based on the substantive control criterion and was therefore excluded from the scope of equity-method accounting.」
The change in the scope of consolidation and equity-method accounting for 昆山統万微生物科技有限公司 following its becoming a subsidiary under the substantive control criterion was reconfirmed. - FY2018-Q1AdvancedAnnual report
「During the first quarter, 昆山統万微生物科技有限公司, formerly an affiliated company accounted for under the equity method, became a consolidated subsidiary based on the substantive control criterion.」
For 昆山統万微生物科技有限公司, where substantive control was recognized under the technical assistance agreement, the status was changed from an equity-method affiliate to a consolidated subsidiary. - FY2017First statedAnnual report
「The company entered into a technical assistance agreement with its affiliated company 昆山統万微生物科技有限公司 dated 16 June 2017. Because the agreement provides for control over decisions on the company's important business policies, the company is deemed to substantively control its decision-making body, and the company consequently became a specified subsidiary.」
Substantive control over the Chinese affiliated company was recognized under the technical assistance agreement, and it consequently became a specified subsidiary.