Expanding the scope of consolidation to strengthen Group management
First written in FY2017-Q1. 5 of 13 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2026.
Mitsubishi Steel Mfg. moved to the "Worse" side of this theme in 2024.
0 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「In automotive springs, the Group pursued structural reforms, including the decision to exit its loss-making subsidiaries in Germany and Mexico, but challenges remain, including improving the North American subsidiary’s earnings and optimising the Chinese subsidiary.」
Following Germany, the Group also decided to exit its Mexican subsidiary, reducing the scope of the overseas group through the consolidation of loss-making sites. - FY2025-H1SoftenedAnnual report
「MSSC Ahle GmbH, formerly a consolidated subsidiary of the company, will be removed from the scope of consolidation from the third quarter of the fiscal year ending March 2025.」
MSSC Ahle GmbH was removed from the scope of consolidation after the control relationship ended following the commencement of insolvency proceedings, with no additional financial support provided. The scope of Group management is contracting. - FY2023AdvancedAnnual report
「Following this additional share acquisition, our voting rights ratio in PT. JATIM TAMAN STEEL MFG. increased from 66.54% to 74.98%.」
The additional acquisition of shares in JATIM increased the voting rights ratio to 74.98%, strengthening control and financial support within Group management. - FY2023-Q1AdvancedAnnual report
「The company focuses on offshore wind power-related businesses and magnetic separators, which is consistent with our Group’s ESG policy, and we intend to share a direction for growing together. We also acquired the shares to strengthen governance by increasing our ownership ratio in the company.」
Regarding 三菱長崎機工, additional shares were acquired on 25 May 2022, increasing the ownership ratio to 69.17%. A shared growth direction in offshore wind power and magnetic separator businesses and stronger subsidiary governance became concrete. - FY2019-Q2Streamlining through the merger and corporate name change of consolidated subsidiariesAnnual report
「During the second quarter of the current consolidated fiscal year, one company was merged into MSSC Deutschland GmbH as the surviving company, and its corporate name was changed to MSSC Ahle GmbH. As a result, 2 companies were removed from the scope of consolidation.」
The German holding company and Ahle and other companies were merged and their corporate names changed, and 2 companies were removed from the scope of consolidation. Legal and consolidation-related streamlining of Group management progressed. - FY2019-Q1AdvancedAnnual report
「During the first quarter of the current consolidated fiscal year, newly established pure holding company MSSC Deutschland GmbH acquired all equity interests in Gebrüder Ahle GmbH & Co. KG. As a result, MSSC Deutschland GmbH, Gebrüder Ahle GmbH, and one of its subsidiaries have been included in the scope of consolidation.」
The scope of Group management expanded through the addition of MSSC Deutschland GmbH, German company Gebrüder Ahle GmbH & Co. KG and one of its subsidiaries to the scope of consolidation. - FY2018AdvancedAnnual report
「On 12 April 2018, we acquired all shares of Gebrüder Ahle GmbH & Co. KG and made it a wholly owned subsidiary.」
The scope of Group management expanded as a German spring manufacturer became a wholly owned subsidiary and a new European operation was added to the Group. - FY2018-Q3AdvancedAnnual report
「The company acquired additional shares in PT.JATIM TAMAN STEEL MFG., an equity-method affiliate, on 29 January 2018 and made it a consolidated subsidiary. As the company’s capital amounted to at least 10% of the company’s capital, it also became a specified subsidiary.」
The additional acquisition and inclusion of PT.JATIM TAMAN STEEL MFG. as a consolidated subsidiary were completed on 29 January 2018, and the company also became a specified subsidiary. The expansion of the scope of consolidation progressed from the planning and resolution stage to implementation. - FY2017-Q3Streamlining through the merger of a consolidated subsidiaryAnnual report
「During the third quarter of the current consolidated fiscal year, 寧波菱鋼精密部件有限公司, formerly a consolidated subsidiary, ceased to exist following an absorption-type merger in which 寧波菱鋼弾簧有限公司, a consolidated subsidiary of the company, was the surviving company. It was therefore removed from the scope of consolidation.」
Regarding the scope of consolidation in connection with strengthening Group management, 寧波菱鋼精密部件有限公司 was absorbed into 寧波菱鋼弾簧有限公司 and removed from the scope of consolidation. - FY2017-Q2RestatedAnnual report
「From the first quarter of the current consolidated fiscal year, the newly established MSSC MFG MEXICANA,S.A. DE C.V., as well as 丸中産業株式会社 and 菱機エンジニアリング株式会社, were included in the scope of consolidation to strengthen Group management.」
The notes reaffirm the addition of the new Mexican company and other entities to the scope of consolidation and the treatment aimed at strengthening Group management. - FY2017-Q1First statedAnnual report
「From the first quarter of the current consolidated fiscal year, the newly established MSSC MFG MEXICANA,S.A. DE C.V., as well as Maruchu Sangyo Co., Ltd. and Ryoki Engineering Co., Ltd., were included in the scope of consolidation to strengthen group management.」
In addition to the new Mexican company, the company included 丸中産業株式会社 and 菱機エンジニアリング株式会社 in the scope of consolidation to strengthen Group management.