Komori
Mitsui Kinzoku (5706) · InitiativeAdvanced

Restructuring PPC's Copper-Smelting Operations and Making Hibi Smelting a Wholly Owned Subsidiary

First written in FY2020-Q3. 4 of 6 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2021.

6entries
2years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2020-Q3AdvancedFY2020 – FY20212020: 420202021: 22021
Same theme, other companies
Restructuring PPC's Copper-Smelting Operations and Making Hibi Smelting a Wholly Owned SubsidiaryA theme 2 companies write about · 0 as a headwind · 3 as a tailwind

1 other company's latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2021AdvancedAnnual report

    「なお、当連結会計年度より銅製錬の事業会社である日比製煉株式会社及び日比共同製錬株式会社を連結子会社としたことに伴い、当部門の売上高は前連結会計年度に比べて276億円、経常利益は同33億円増加しております。」

    銅製錬機能再編後の日比製煉・日比共同製錬の連結効果が、通期で金属セグメントの売上高276億円、経常利益33億円の増加として反映された。
  2. FY2021-Q3AdvancedAnnual report

    「なお、日比製煉株式会社及び日比共同製錬株式会社を連結子会社としたことにより、当部門の売上高は前年同期比197億円、経常利益は同22億円増加しております。」

    銅製錬機能再編により連結子会社となった日比製煉・日比共同製錬の効果が、第3四半期累計で金属セグメントの売上高197億円、経常利益22億円の増加として反映された。
  3. FY2021-Q2AdvancedAnnual report

    「日比製煉株式会社及び日比共同製錬株式会社を連結子会社としたことにより、当部門の売上高は前年同期比132億円、経常利益は同26億円増加しております。」

    2020年4月1日の銅製錬機能再編後、日比製煉・日比共同製錬の連結効果が第2四半期累計の売上高・経常利益に具体的に反映された。
  4. FY2021-Q1AdvancedAnnual report

    「なお、当第1四半期連結累計期間より、日比製煉株式会社及び日比共同製錬株式会社を連結子会社としております。この影響により、当部門の売上高は前年同期比62億円、経常利益は同6億円増加しております。」

    銅製錬機能再編後の日比製煉・日比共同製錬の連結効果が、金属セグメントの売上高62億円、経常利益6億円の増加として当四半期に現れている。
  5. FY2020AchievedAnnual report

    「2020年4月1日付で実施しております。また、日比製煉は、PPCが保有する日比共同製錬株式会社の株式を承継したことから、当社の持分法適用関連会社である日比共同は、連結子会社となっております。」

    PPC再編を2020年4月1日付で実施し、日比製煉を当社の100%子会社、日比共同製錬を議決権63.51%の連結子会社とする段階に到達した。
  6. FY2020-Q3First statedAnnual report

    「At a meeting of the Board of Directors held on 12 February 2020, we resolved to make Hibi Smelting Co., Ltd. a wholly owned subsidiary by having Pan Pacific Copper Co., Ltd., a jointly funded company of our company and JX Metal and an equity-method affiliate of our company, conduct an absorption-type company split under which part of its business would be transferred to newly established Hibi Smelting, distribute the Hibi Smelting shares held by PPC in kind to our company and JX, and have our company acquire all Hibi Smelting shares held by JX.」

    The company decided to restructure PPC’s copper-smelting functions so that Mitsui Kinzoku and JX would operate them through their respective smelting subsidiaries. On 1 April 2020, Hibi Smelting was to become a wholly owned subsidiary, while the voting-rights ratio in Hibi Joint Smelting was expected to be 63.51% after the acquisition.
Moved together

"Risk Associated with Guarantees of Debt for Affiliates and Other Parties" moved the same way as this thread, in the same document, in 4 of its 6 moves.

433222★123456
  1. ★This thread
  2. 1Risk Associated with Guarantees of Debt for Affiliates and Other Parties4×
  3. 2Expanding Sales of Ultra-Thin Copper Foil and Shifting Toward Higher-Value-Added Products3×
  4. 3Strengthening the Smelting Network Centered on Non-Ferrous Metal Recycling3×
  5. 4Capacity Expansion Investment in Emissions-Control Catalysts for Four-Wheeled Vehicles and Earnings Contribution2×
  6. 5Emphasis on Cash Flow and Strengthening Financial Condition and Competitiveness2×
  7. 6Concentrating Management Resources on Growth Areas and Expanding Capital Expenditure2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Mitsui Kinzoku yet.
News
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