Liquidation of U.S. Electrolyte-Related Subsidiary
First written in FY2021-Q3. 1 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2024: 2 of 12 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「There were also no changes among major affiliated companies during the first-quarter consolidated accounting period.」
No new changes or additional developments were disclosed regarding the liquidation of the U.S. subsidiaries related to the electrolyte business. - FY2023-Q3AchievedAnnual report
「UBE Advanced Materials Inc. and Advanced Electrolyte Technologies LLC were excluded from the scope of consolidation because their liquidations were completed during the third-quarter consolidated accounting period.」
The liquidation procedures for the 2 specified U.S. subsidiaries whose liquidation had been decided following the integration of the electrolyte business were completed, and the subsidiaries were excluded from the scope of consolidation. - FY2021AdvancedAnnual report
「UBE Advanced Materials, Inc. and Advanced Electrolyte Technologies, LLC are specified subsidiaries. Both companies also resolved to dissolve in March 2021.」
The annual report confirms that the 2 specified U.S. subsidiaries following the integration of the electrolyte business resolved to dissolve in March 2021. - FY2021-Q3First statedAnnual report
「The Company decided to liquidate UBE Advanced Materials Inc., a specified subsidiary, and Advanced Electrolyte Technologies LLC. The liquidation procedures will be initiated in accordance with local laws and regulations, but the specific timing of completion of the liquidations has not been determined at this time.」
Following the integration of the electrolyte business, the decision to liquidate 2 specified U.S. subsidiaries was disclosed for the first time. The procedures will begin in accordance with local laws, but the completion date is undetermined, and it was explained that there would be no material impact on operations.