Mipox (5381) · FactAchieved
Equity-method accounting for Precision Converting Co., Ltd. (PCC)
First written in FY2017-Q3. 1 of 3 entries say "Achieved", first in FY2019. Latest entry: FY2019.
3entries
3years
0from disclosures
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Same theme, other companies
Removal from equity-method accounting upon liquidation after application began due to increased materialityA theme 1 companies write about · 0 as a headwind · 0 as a tailwind
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- FY2019AchievedAnnual report
「Precision Converting Co., Ltd., which was an equity-method affiliate in the previous consolidated fiscal year, was liquidated and therefore excluded from the scope of equity-method accounting from the current consolidated fiscal year.」
The liquidation of PCC was completed, and it was excluded from the scope of equity-method accounting from the current fiscal year. - FY2018Liquidation resolution and impairment loss recognitionAnnual report
「This loss resulted from the decision to liquidate Precision Converting Co., Ltd., an equity-method affiliate.」
While PCC was listed as an equity-method affiliate, the Company recognized a ¥10 million impairment loss on shares of an affiliated company following the decision to liquidate it. - FY2017-Q3First statedAnnual report
「During the current third-quarter consolidated accounting period, Precision Converting Co., Ltd. (PCC), whose significance had increased, was included within the scope of equity-method accounting.」
As PCC became more significant, it was included within the scope of equity-method accounting from the current third-quarter consolidated accounting period.