Exit from Chinese Subsidiary Business and Transfer of Equity Interests
First written in FY2022-Q3. 2 of 3 entries say "Restated". Latest entry: FY2023.
33 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Names of major unconsolidated subsidiaries: EXAWIZARDS INDIA LLP; EXAWIZARDS LLC」
The Group scope following the transfer of the Chinese subsidiary’s equity interest is described, with no change in the status of the termination of the China business. - FY2022RestatedAnnual report
「The principal components of extraordinary income and losses were an impairment loss of ¥53.493 million recognized on certain software and idle assets with declining profitability among the operating assets of the AI product business, and a loss on liquidation of affiliates of ¥40.672 million recognized as related expenses associated with the transfer of the equity interest in the Chinese subsidiary, among other items.」
The note reconfirms that the transfer of the equity interest in the Chinese subsidiary and its exclusion from the scope of consolidation have been completed, and that a loss on liquidation of affiliates was also recognized. - FY2022-Q3AchievedAnnual report
「As all equity interests in 青島愛克薩老齢服務科技有限公司 were transferred on 20 September 2021, the company was excluded from the scope of consolidation from the second quarter of the consolidated fiscal year.」
The note states that all equity interests in the Chinese subsidiary were transferred and that it was excluded from the scope of consolidation.