Integration of the Electrolyte Business with Mitsubishi Chemical
First written in FY2021-Q2. 2 of 4 entries say "Restated". Latest entry: FY2022-Q2.
0 other companies' latest entry also says "Other".
- FY2022-Q2Revenue impact from exclusion from the scope of consolidationAnnual report
「The Battery Materials business reported lower revenue. Although separator sales volumes increased as demand from the automotive sector recovered, the impact of the electrolyte business being excluded from consolidation from the second half of the previous fiscal year was significant.」
The change in the scope of consolidation following the integration of the electrolyte business in October 2020 appeared in the results as a factor behind lower revenue in the battery materials business in the first half of the following fiscal year. - FY2021RestatedAnnual report
「The company split was implemented effective 1 October 2020, with the equity ownership ratios set at 80% for Mitsubishi Chemical and 20% for the Company.」
The separation of the electrolyte business and its transfer to MU Ionic Solutions for joint operation, with Mitsubishi Chemical holding 80% and the Company 20%, was confirmed as part of the fiscal-year results. - FY2021-Q3RestatedAnnual report
「From the third quarter of the current consolidated fiscal year, the electrolyte business was transferred to an equity-method affiliate.」
The integration of the electrolyte business implemented on 1 October 2020 was reaffirmed as a transfer to an equity-method affiliate from the third quarter of the consolidated fiscal year. - FY2021-Q2AchievedAnnual report
「Following agreement on the joint incorporation-type company split plan, the company split was implemented effective 1 October 2020, with the equity ownership ratios set at 80% for Mitsubishi Chemical and 20% for the Company.」
On 1 October 2020, the Company’s electrolyte business was transferred to MU Ionic Solutions, a jointly established company with Mitsubishi Chemical, and the business was separated and integrated under joint operation, with Mitsubishi Chemical holding 80% and the Company 20%.