Transfer of an Interest in Vietnam Float Glass Co., Ltd.
First written in FY2025. 1 of 2 entries say "Achieved", first in FY2026-H1. Latest entry: FY2026-H1.
55 other companies' latest entry also says "Achieved".
- FY2026-H1AchievedAnnual report
「Revenue from the sale of subsidiaries and businesses during the six months ended in the current interim period mainly related to the completion of the transfer of our Group’s interest in Vietnam Float Glass Company, announced on 9 June 2025.」
The transfer of the entire interest in Vietnam Float Glass Company was completed in June 2025, resulting in ¥1,770 million of revenue from the sale of subsidiaries and businesses in the current interim period. - FY2025First statedAnnual report
「On 5 June 2025, our Group completed the transfer to its joint venture partner of all of its interest in its Vietnamese architectural glass manufacturing subsidiary, Vietnam Float Glass Company. Upon completion of the transfer transaction, our Group expects to recognize approximately ¥1,700 million in gain on the sale of a subsidiary as a separately disclosed item income in the first quarter of the fiscal year ending March 2026.」
The transaction to transfer the entire interest in the Vietnamese architectural glass manufacturing subsidiary to its joint venture partner was completed on 5 June 2025. It was described as part of the strategy under 2030 Vision to expand earnings in high-value-added areas, and the company expects to recognize approximately ¥1.7 billion in gain on the sale of a subsidiary in the first quarter of the fiscal year ending March 2026.