Furukawa Electric (5801) · InitiativeAchieved
Partial Sale of Interest in 古河インフォメーション・テクノロジー and Removal from Consolidation
First written in FY2018-Q3. 1 of 2 entries say "Achieved", first in FY2018. Latest entry: FY2018.
2entries
1years
0from disclosures
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Conversion to an equity-method affiliate through the sale of subsidiary sharesA theme 7 companies write about · 0 as a headwind · 0 as a tailwind
1 other company's latest entry also says "Achieved".
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- FY2018AchievedAnnual report
「In addition, effective 1 October last year, part of the interest in 古河インフォメーション・テクノロジー㈱, a subsidiary responsible for building, operating and maintaining information systems within the Group (current name: FITEC㈱), was transferred to Fujitsu Limited, and the company became an equity-method affiliate.」
The annual report confirms that the partial transfer of the interest in FITEC was completed and that it changed from a consolidated subsidiary to an equity-method affiliate. - FY2018-Q3First statedAnnual report
「From the current third-quarter consolidated accounting period, 古河インフォメーション・テクノロジー㈱ was excluded from the scope of consolidation and accounted for under the equity method because its ownership percentage declined following the partial sale of the interest.」
Following the partial sale of the interest effective 1 October 2017, the company changed from a consolidated subsidiary to an equity-method affiliate. As a result, the number of consolidated subsidiaries at the end of the current third quarter increased from 107 at the end of the previous consolidated fiscal year to 108.