Dilution of ownership interest due to Novus’s capital increase and receipt of a special dividend
First written in FY2016. 7 of 14 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026MitigatedAnnual report
「Novus International, Inc. / Net sales / US$785 million / Profit before income taxes / US$26 million / Net income / US$21 million」
Novus improved from profit before income taxes of US$0 million and net income of US$4 million in the previous fiscal year to profit before income taxes of US$26 million and net income of US$21 million in the current fiscal year. - 2026-05-14MitigatedEarnings presentation
「Novus International 1.2 6.8」
持分法による投資利益におけるNovus Internationalの寄与額が1.2億円から6.8億円へ増加した。 - FY2024WorsenedAnnual report
「Novus International, Inc. / Net sales / US$673 million / Loss before income taxes / US$32 million / Net loss / US$29 million」
Novus deteriorated from a loss before income taxes of US$4 million and a net loss of US$3 million in the previous fiscal year to a loss before income taxes of US$32 million and a net loss of US$29 million in the current fiscal year. - FY2022MitigatedAnnual report
「Novus International, Inc. / Net sales / US$694 million / Profit before income taxes / US$7 million / Net income / US$3 million」
Novus improved from a loss before income taxes of US$54 million and a net loss of US$34 million in the previous fiscal year to profit before income taxes of US$7 million and net income of US$3 million in the current fiscal year. - FY2021WorsenedAnnual report
「Novus International, Inc. / Net sales / US$684 million / Loss before income taxes / US$54 million / Net loss / US$34 million」
Novus's loss widened from a net loss of US$25 million in the previous fiscal year to US$34 million in the current fiscal year. Net sales increased from US$670 million to US$684 million. - FY2019-Q3RestatedAnnual report
「Ordinary profit was ¥3,906 million, down 27.0% year on year, due mainly to lower profit at Novus International, Inc., an equity-method affiliate of the Company. Net income attributable to owners of the parent was ¥2,875 million, down 16.5% year on year.」
Novus's lower profit continued to be a factor reducing ordinary profit for the cumulative third quarter. - FY2018WorsenedAnnual report
「Novus International, Inc. / Net sales / US$751 million / Profit before income taxes / US$14 million / Net income / US$5 million」
Novus's full-year net sales decreased from US$931 million in the previous year to US$751 million, and net income decreased from US$100 million to US$5 million. Equity-method investment income also decreased from ¥4,898 million to ¥2,239 million. - FY2018-Q3RestatedAnnual report
「Ordinary profit was ¥5,348 million, down 14.0% year on year, due mainly to lower profit at Novus International, Inc., an equity-method affiliate of the Company. Net income attributable to owners of the parent was ¥3,442 million, down 42.3% year on year, due mainly to a decrease in extraordinary income.」
Novus's lower profit continues to be cited as a factor reducing ordinary profit for the cumulative third quarter. - FY2018-Q1RestatedAnnual report
「Ordinary profit was ¥2,427 million, down 7.5% year on year, due mainly to lower profit at Novus International, Inc., an equity-method affiliate of the Company. Net income attributable to owners of the parent was ¥1,420 million, down 53.5% year on year.」
It is reconfirmed in the first-quarter results that Novus's lower profit continues to be a factor reducing ordinary profit. - FY2017RestatedAnnual report
「Ordinary profit was ¥9,908 million, down 47.7% from the previous fiscal year, due mainly to lower profit at Novus International, Inc., an equity-method affiliate of the Company, and the change in the Company's ownership interest in Novus from 35% to 20%.」
Novus's lower profit and the change in the ownership interest from 35% to 20% are again cited as factors reducing ordinary profit for the full fiscal year. - FY2017-Q3RestatedAnnual report
「Ordinary profit was ¥6,222 million, down 57.7% year on year, due mainly to lower profit at Novus International, Inc., an equity-method affiliate of the Company, and the change in the Company's ownership interest in Novus from 35% to 20%. Net income attributable to owners of the parent was ¥5,966 million, down 54.8% year on year.」
Novus's lower profit and the change in the ownership interest from 35% to 20% are again cited as factors reducing ordinary profit and profit attributable to owners of the parent for the cumulative third quarter. - FY2017-Q2RestatedAnnual report
「Ordinary profit was ¥3,835 million, down 64.1% year on year, due mainly to lower profit at Novus International, Inc., an equity-method affiliate of the Company, and the change in the Company's ownership interest in Novus from 35% to 20%. Net income attributable to owners of the parent was ¥3,983 million, down 57.2% year on year.」
Novus's lower profit and the change in the ownership interest from 35% to 20% are again cited as factors reducing ordinary profit for the cumulative second quarter. - FY2017-Q1RestatedAnnual report
「As a result, Novus paid a dividend from retained earnings on 10 May 2016, and the Company received a dividend of ¥30.593 billion. Novus also conducted a capital increase dated 11 May of the same year, as a result of which the Company's ownership interest in Novus decreased from 35% to 20%.」
The receipt of a dividend from Novus, the capital increase and the decrease in the ownership interest from 35% to 20% are reiterated. - FY2016First statedAnnual report
「As a result, the Company's ownership interest in Novus decreased from 35% to 20%. Accordingly, the Company expects to record a gain on change in equity interest of ¥907 million as extraordinary income for the fiscal year ending March 2017. Before this capital increase, Novus paid a dividend from retained earnings on 10 May 2016, with 31 March 2016 as the record date, and the Company received a dividend of ¥30.593 billion.」
It was disclosed that the ownership interest decreased from 35% to 20% as a result of Novus's capital increase and that a dividend of ¥30.593 billion was received.