Additional acquisition of silent partnership interests in Fukuoka Miyako Mega Solar
First written in FY2023-Q3. 3 of 5 entries say "Achieved", first in FY2023. Latest entry: FY2024.
1 other company's latest entry also says "Achieved".
- FY2024AchievedAnnual report
「On 1 August 2024, we additionally acquired interests in a silent partnership operated by 合同会社福岡みやこソーラーパワー, bringing our post-acquisition ownership ratio to 100%.」
For the silent partnership related to Fukuoka Miyako Mega Solar, the company progressed from 37% ownership and equity-method accounting to 100% ownership and consolidation as a subsidiary through an additional acquisition of interests for ¥1,634 million in cash. - FY2024-Q3AdvancedAnnual report
「At a meeting of our Board of Directors held on 25 April 2024, we resolved to additionally acquire interests in a silent partnership operated by 合同会社福岡みやこソーラーパワー, an equity-method affiliate, and make it a consolidated subsidiary.」
For the silent partnership related to Fukuoka Miyako Mega Solar, the company resolved to make an additional acquisition for ¥1,500 million in cash on 1 August 2024 and raise its ownership ratio to 100%. It plans to move from 37% ownership and equity-method accounting in the previous fiscal year to becoming a wholly owned subsidiary. - FY2024-Q2AchievedAnnual report
「Regarding changes involving major affiliated companies, during the second quarter of the current consolidated fiscal year, a silent partnership operated by 合同会社福岡みやこソーラーパワー was newly included within the scope of equity-method accounting.」
For the silent partnership related to Fukuoka Miyako Mega Solar, the expectation of equity-method accounting disclosed in the previous fiscal year was reflected as actual inclusion within the scope of equity-method accounting during the second quarter of the current consolidated fiscal year. - FY2023AchievedAnnual report
「In August 2023, we acquired investment interests and other interests from multiple co-investors. As a result, as of the date of filing this document, our Group holds 37.0% of the investment interests and other interests, and the silent partnership is expected to become an equity-method affiliate in our consolidated financial statements.」
For Fukuoka Miyako Mega Solar, the company completed the additional acquisition of an interest corresponding to 27% and reached the stage of holding 37% of the investment interests and other interests. - FY2023-Q3First statedAnnual report
「Our Group is considering the staged additional acquisition of the above silent partnership interests through the exercise of call options. At a meeting of our Board of Directors held on 15 March 2023, the Board resolved to exercise call options corresponding to 27% of the silent partnership interests. In August 2023, we plan to acquire silent partnership interests from multiple co-investors. Following the acquisition, the silent partnership is expected to become an equity-method affiliate in our consolidated financial statements.」
For Fukuoka Miyako Mega Solar, the company resolved to exercise call options corresponding to an additional 27% interest on top of its existing 10% investment and plans to acquire the interest in August 2023.