Spin-off of the synthetic rubber business and recovery in profitability
First written in FY2021. 1 of 4 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1MitigatedAnnual report
「Consolidated ordinary profit increased due to higher consolidated operating profit, the absence during the current interim consolidated accounting period of the equity-method investment loss associated with the dissolution resolution of an equity-method affiliate engaged in the elastomer business that had been recognized in the previous interim consolidated accounting period, and an improvement in foreign exchange gains and losses, among other factors.」
The equity-method investment loss associated with the dissolution resolution of an affiliate related to the elastomer business that arose in the previous interim consolidated accounting period did not arise during the current interim consolidated accounting period. - FY2025-H1Resolution to dissolve an equity-method affiliate and recognition of investment lossAnnual report
「Consolidated ordinary profit and interim net income attributable to owners of the parent decreased, despite the effects of corrective sales price measures implemented in the cement-related business, an equity-method affiliate, during the previous consolidated fiscal year, because the Company recognized an equity-method investment loss following a resolution by an equity-method affiliate engaged in the elastomer business to dissolve.」
Against the backdrop of the spin-off of the synthetic rubber business and efforts to restore profitability, an equity-method investment loss arose following the resolution by an equity-method affiliate engaged in the elastomer business to dissolve, reducing ordinary profit and profit attributable to owners of the parent. - FY2022-Q3AdvancedAnnual report
「Effective 1 October 2021, the Company newly established UBE Elastomer Co., Ltd. through a company split in the form of a simplified incorporation-type company split and transferred its synthetic rubber business to the company. Accordingly, UBE Elastomer Co., Ltd. was included in the scope of consolidation from the third-quarter consolidated accounting period.」
The synthetic rubber business was spun off effective 1 October 2021, and UBE Elastomer became a consolidated subsidiary from the third-quarter consolidated accounting period. - FY2021First statedAnnual report
「The Company resolved to establish UBE Elastomer Co., Ltd., a wholly owned subsidiary, through a company split in the form of a simplified incorporation-type company split, and to transfer the synthetic rubber business to the new company.」
The Company decided to spin off the synthetic rubber business effective 1 October 2021, with the objectives of establishing it as an independent legal entity, strengthening profitability management and accelerating decision-making, thereby restoring profitability.