Transfer of All Shares in TSN Wires Co., Ltd. and Exclusion from Equity-Method Accounting
First written in FY2026-H1. 1 of 2 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 1 of 8 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「During the current consolidated fiscal year, all shares of TSN Wires Co., Ltd., an equity-method affiliate, were transferred, and the company was removed from the scope of equity-method accounting.」
The transfer of all shares and removal from the scope of equity-method accounting disclosed in the previous interim period were confirmed for the full fiscal year. In connection with the transfer, the company recognized a loss on the waiver of receivables of ¥1,012.708 million and a loss on the sale of shares of ¥4.091 million, and the balance of debt guarantees fell to zero. - FY2026-H1First statedAnnual report
「During the current interim consolidated accounting period, all shares of TSN Wires Co., Ltd., an equity-method affiliate, were transferred, and the company was removed from the scope of equity-method accounting. The company recognized a loss on the waiver of receivables of ¥1,012.708 million and a loss on the sale of shares of ¥4.091 million in connection with the transfer of all shares in TSN Wires Co., Ltd., an equity-method affiliate.」
During the current interim period, all shares of TSN Wires Co., Ltd. were transferred and the company was removed from the scope of equity-method accounting. In connection with the transfer, the company recognized a loss on the liquidation of an affiliate of ¥1,016.800 million, comprising a ¥1,012.708 million loss on the waiver of receivables and a ¥4.091 million loss on the sale of shares. It also recognized a ¥190.532 million gain on the reversal of the foreign currency translation adjustment account, and the balance of debt guarantees for the company fell to zero.