Transformation of the Business Portfolio through the Transfer of All Shares in Alkaline S.A.S.
First written in FY2023-Q3. 1 of 4 entries say "Achieved", first in FY2024-Q1. Latest entry: FY2024-Q3.
6 other companies' latest entry also says "Other".
- FY2024-Q3Quantification of the Impact of Excluding Alkaline from ConsolidationAnnual report
「Although the company continued revising selling prices in response to the substantial rise in raw material and fuel prices since the previous fiscal year, net sales for the current cumulative period amounted to ¥26,693 million, down 25.1% year on year, because Alkaline S.A.S., formerly a consolidated subsidiary, was excluded from consolidation following the transfer of all its shares.」
The impact following the transfer of all shares in Alkaline and its exclusion from consolidation was quantified as a 25.1% year-on-year decline in Chemical Materials revenue. - FY2024-Q2RestatedAnnual report
「Net sales decreased because Alkaline S.A.S., formerly a consolidated subsidiary, was excluded from consolidation following the transfer of all its shares.」
The impact following the transfer of all shares in Alkaline and its exclusion from consolidation continued to weigh on Chemical Materials revenue. - FY2024-Q1AchievedAnnual report
「Although the company continued to revise selling prices in response to the substantial increase in raw material and fuel prices from the previous fiscal year, revenue for the cumulative period was ¥8.746 billion, down 25.9% year on year, because Alkaline S.A.S., formerly a consolidated subsidiary, was excluded from consolidation following the transfer of all its shares.」
The transfer of all shares in Alkaline, which had been at the agreement stage in the previous filing, was completed and the company was excluded from consolidation. Completion of the specific transfer under the business portfolio transformation was also reflected in the results by segment. - FY2023-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 23 December 2022, we resolved to transfer all shares in Alkaline S.A.S. (Alkaline), the parent company of MSSA S.A.S. (MSSA), our French consolidated subsidiary and an operating company engaged in the manufacture and sale of sodium metal, chlorine and other products, to International Chemical Investors XVI S.A. (ICI), a wholly owned subsidiary of International Chemical Investors 4 S.E. We entered into a share transfer agreement on 19 January 2023.」
As part of its business portfolio transformation, the company entered into an agreement to transfer all 21,819,722 issued shares of Alkaline. The transfer was scheduled for February to March 2023, after which Alkaline, MSSA and 3 other consolidated subsidiaries were scheduled to be excluded from consolidation. Sales of sodium metal in Japan were to continue, while the impact on consolidated results was still under review.