Expansion of the China business based on the partnership with FTL Group
First written in FY2016. 5 of 13 entries say "Advanced", first in FY2017. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026ReframedAnnual report
「富通昭和線纜（天津）有限公司 and 華和工程有限公司 have been excluded from the scope of equity-method accounting since the current fiscal year, following the transfer of all ownership interests in those companies.」
In relation to the China business with 富通集団, 富通昭和線纜（天津）有限公司 and 華和工程有限公司 were excluded from the scope of equity-method accounting following the transfer of all ownership interests. Our relationship with 富通昭和線纜（杭州）有限公司, however, continues. - FY2025WorsenedAnnual report
「Following a deterioration in the financial condition of 富通集団有限公司, the parent company of FSH (51% ownership interest, hereinafter “FT”), due to weakness in its optical business in China, we have recognized an allowance for doubtful accounts for the full amount of the FT Group receivables recorded by FSH in our consolidated financial statements, taking into account the risk of bad debts on those receivables.」
In relation to the China business with 富通集団, the deterioration in the parent company's financial condition led to a situation in which FSH recognized an allowance for doubtful accounts for the full amount of its receivables. - FY2025-H1AdvancedAnnual report
「昭和電線電纜(上海)有限公司 changed its corporate form to an intermediate holding company (investment company) and changed its trade name to 愛世達喜(上海)投資有限公司 on 10 September 2024, in order to strengthen the Group's China business operating structure.」
To strengthen the operating structure of the China business, the Shanghai entity was changed to an intermediate holding company and its trade name was also changed. - FY2023-Q3富通集団's departure from the position of largest shareholder and reduction in its stakeAnnual report
「As a result, 富通集団（香港）有限公司 ceased to be the largest shareholder. The number of voting rights held by 富通集団（香港）有限公司 after the sale and the ratio to the total number of voting rights of all shareholders were as follows: before the change (as of 30 September 2022), 15,000 (1,500,000 shares), 5.02%; after the change (as of 8 November 2022), 1,000 (100,000 shares), 0.33%.」
Following the sale of shares by 富通集団（香港）有限公司, the company ceased to be the largest shareholder, and its voting-rights ratio fell from 5.02% to 0.33%. - FY2023-Q2富通集団（香港）有限公司 ceased to be a major shareholderAnnual report
「富通集団（香港）有限公司, which had been a major shareholder in the previous fiscal year, ceased to be a major shareholder as of the end of the cumulative second quarter of the current fiscal year after selling part of its holdings in the Company's shares on 22 July 2022.」
The disclosure states that 富通集団（香港）有限公司 ceased to be a major shareholder after selling part of its holdings in the Company's shares. It contains no information on the impact on the business alliance. - FY2020AdvancedAnnual report
「Operating cash flow of ¥8,696 million (including ¥3,099 million in depreciation and amortisation) was allocated to investments to maintain and grow the future scale of the business, including ¥3,657 million for the acquisition of property, plant and equipment and ¥1,153 million in capital contributions to affiliates, as well as dividends to shareholders of ¥208 million and repayment of borrowings of ¥4,302 million.」
Growth investment, including capital contributions to affiliates in China and elsewhere, was made, with funding of partnerships and overseas business foundations shown as a full-year result. - FY2019AdvancedAnnual report
「Capital increase: RMB 150,000,000.00 (of which the amount underwritten by 昭和電線ケーブルシステム㈱ was RMB 73,400,000.00)」 Payment date: July 2019 (scheduled)」
Based on the China business partnership with 富通集団, capital investment and capital strengthening are planned to improve the profitability of 富通昭和線纜（杭州）有限公司. - FY2019-Q2RestatedAnnual report
「The name was also changed to 天津富通漆包線有限公司 on 22 May 2018.」
The disclosure records the change in the target company's name following its transfer to the 富通集団 Group, confirming the continuing relationship with the partner in the China business. - FY2019-Q1AdvancedAnnual report
「On 22 May 2018, the company's subsidiary 昭和電線ケーブルシステム㈱ transferred all of its equity interest in its subsidiary 天津昭和漆包線有限公司 to 富通昭和線纜（杭州）有限公司.」
Based on the partnership with the 富通集団 Group, the Company transferred its equity interest with the aim of rebuilding its winding business in China. - FY2017AdvancedAnnual report
「The demonstration test of the superconducting cable system conducted jointly with 富通集団有限公司 in Binhai Science and Technology Park, Binhai New Area, Tianjin, has moved to operational testing.」
The superconducting cable system developed as a joint project with 富通集団 has moved from demonstration testing to operational testing. - FY2016First statedAnnual report
「The Company entered into a business alliance agreement with 富通集団有限公司. (The Company also entered into a share subscription agreement with 富通集団（香港）有限公司 for a third-party allotment of new shares to that company.)」
The disclosure describes the business alliance with 富通集団, the third-party allotment of new shares, and the business foundation established through multiple equity-method affiliates in China.