Disclosure Details and Strengthening Group Management Through the Inclusion of 28 Companies in the Consolidation Scope
First written in FY2020-Q1. 3 of 12 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2026.
1 other company's latest entry also says "Other".
- FY2026Scope of consolidation updatedAnnual report
「Our group, comprising the company and its affiliates, consists of the company, 67 subsidiaries, all of which are consolidated subsidiaries, and 8 affiliates, all of which are equity-method affiliates, as of 31 March 2026.」
The group structure at the end of the current fiscal year has been updated to 67 consolidated subsidiaries and 8 equity-method affiliates. This includes the conversion of Nippon Koshuha Steel Co., Ltd. into a wholly owned subsidiary. - FY2024Scope of consolidation updatedAnnual report
「The silent partnership operated by Takakura Funding Corporation, Ltd. was excluded from the scope of consolidation because the silent partnership agreement was terminated.」
The exclusion from consolidation following termination of the silent partnership agreement has been updated as a change in the scope of consolidation for the full fiscal year. - FY2024-Q2Update to planned changes in the scope of consolidationAnnual report
「Daido Electrical Engineering (Suzhou) Co., Ltd., a consolidated subsidiary, resolved to dissolve and liquidate the company in August 2023. The liquidation is expected to be completed once the necessary procedures under local laws and regulations have been completed.」
The resolution to dissolve and liquidate Daido Electrical Engineering (Suzhou) Co., Ltd., a consolidated subsidiary, is described as an event that will lead to a future change in the scope of consolidation. - FY2022AdvancedAnnual report
「Daido Steel Materials Technology (Shanghai) Co., Ltd. (formerly TimkenSteel Materials (Shanghai) Co., Ltd.) has been included in the scope of consolidation as a consolidated subsidiary from the current consolidated fiscal year because Daido Special Steel (Shanghai) Co., Ltd., a consolidated subsidiary, acquired an equity interest in it.」
Following the acquisition of an equity interest in TimkenSteel’s China operations by Daido Special Steel (Shanghai) Co., Ltd., the company was included as a consolidated subsidiary. The number of consolidated subsidiaries stood at 62 as of the end of March 2022. - FY2022-Q3Scope of consolidation updatedAnnual report
「One company that was a consolidated subsidiary in the previous consolidated fiscal year ceased to exist through an absorption-type merger, while one company that was an equity-method affiliate had all its shares transferred. Accordingly, both companies were excluded from the scope of consolidation from the third quarter of the current consolidated fiscal year.」
From the third quarter of the current consolidated fiscal year, 1 consolidated subsidiary that ceased to exist through an absorption-type merger and 1 equity-method affiliate whose entire shareholding was transferred have been excluded from the scope of consolidation. - FY2022-Q2Scope of consolidation updatedAnnual report
「Fuji Hollow Valve Co., Ltd., which was a consolidated subsidiary in the previous consolidated fiscal year, ceased to exist as a result of an absorption-type merger effective 1 July 2021, with FUJI OOZX Inc. as the surviving company. Accordingly, it has been excluded from the scope of consolidation from the second quarter of the current consolidated fiscal year. During the second quarter of the current consolidated fiscal year, Daido Special Steel (Shanghai) Co., Ltd., a consolidated subsidiary, acquired an equity interest in TimkenSteel Materials (Shanghai) Co., Ltd., making it a consolidated subsidiary. Accordingly, it has been included in the scope of consolidation from the second quarter of the current consolidated fiscal year.」
Fuji Hollow Valve Co., Ltd. was excluded from the scope of consolidation following an absorption-type merger, while the scope of consolidation was expanded after Daido Special Steel (Shanghai) Co., Ltd. acquired an equity interest in TimkenSteel Materials (Shanghai) Co., Ltd. - FY2022-Q1Scope of consolidation updatedAnnual report
「Life Support Co., Ltd., which was a consolidated subsidiary in the previous consolidated fiscal year, ceased to exist as a result of an absorption-type merger effective 1 April 2021, with Daido Life Service Co., Ltd., a consolidated subsidiary, as the surviving company. Accordingly, it has been excluded from the scope of consolidation from the first quarter of the current consolidated fiscal year.」
Life Support Co., Ltd. ceased to exist through an absorption-type merger with Daido Life Service Co., Ltd. and was excluded from the scope of consolidation from the first quarter. - FY2021-Q3Scope of consolidation updatedAnnual report
「As Daido Kaishiying Foundry (Suzhou) Co., Ltd. was transferred during the third quarter of the current consolidated fiscal year, it has been excluded from the scope of consolidation.」
Following the transfer of Daido Kaishiying Foundry (Suzhou) Co., Ltd., it was excluded from the scope of consolidation from the third quarter of the current consolidated fiscal year. - FY2021-Q1AdvancedAnnual report
「To enhance disclosure of consolidated financial results, Daido Shimomura Steel Manufacturing (Thailand) Co., Ltd. and 2 other companies, which were unconsolidated subsidiaries in the previous consolidated fiscal year, have been included in the scope of consolidation from the first quarter of the current fiscal year.」
The scope of consolidation was expanded to include Daido Shimomura Steel Manufacturing (Thailand) Co., Ltd. and 2 other companies to enhance disclosure of consolidated financial results. - FY2020-Q3Update to employee headcount impactAnnual report
「During the cumulative third quarter of the current fiscal year, the number of employees in our group increased by 1,192, mainly due to the impact of newly consolidated companies and other factors. The segments with the largest increases in employee numbers were the Functional Materials and Magnetic Materials businesses and the Automotive Parts and Industrial Machinery Parts businesses.」
The increase in group employees due to newly consolidated companies and other factors has been updated to 1,192 for the cumulative third quarter. - FY2020-Q2AdvancedAnnual report
「During the cumulative second quarter of the current fiscal year, the number of employees in our group increased by 1,354, mainly due to the impact of newly consolidated companies and other factors. The segments with the largest increases in employee numbers were the Functional Materials and Magnetic Materials businesses and the Automotive Parts and Industrial Machinery Parts businesses.」
The impact on group size from including 28 companies in the scope of consolidation is reflected in an increase of 1,354 employees. The addition of 3 companies to the scope of equity-method accounting and the exclusion of 1 company from consolidation due to liquidation are also described. - FY2020-Q1First statedAnnual report
「From the first quarter of the current fiscal year, to enhance disclosure of consolidated financial results and strengthen group management, we have included in the scope of consolidation Daido Magnet (Shenzhen) Co., Ltd., Shimomura Special Steel (Suzhou) Co., Ltd., Daido Kaishiying Foundry (Suzhou) Co., Ltd., Fuji Hollow Valve Co., Ltd., Daido Kogyo (Thailand) Co., Ltd., ORIENTAL SHIMOMURA DRAWING (M) SDN. BHD., and 22 other companies, all of which were unconsolidated subsidiaries in the previous consolidated fiscal year.」
To enhance disclosure of consolidated financial results and strengthen group management, 28 previously unconsolidated subsidiaries have been included in the scope of consolidation from the first quarter of the current fiscal year.