Entry into the Compressor Business through a Capital and Business Alliance with 神戸製鋼所
First written in FY2021. 2 of 7 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2024-Q3.
No other company in this theme has enough history to compare yet.
- FY2024-Q3RestatedAnnual report
「Following JENSEN-GROUP NV becoming an equity-method affiliate on 3 April 2023, provisional accounting treatment was applied in the first and second consolidated quarter accounting periods and finalized in the third consolidated quarter accounting period. Upon finalization of this provisional accounting treatment, ¥114 million was recorded as amortization of intangible assets in share of profit (loss) of investments accounted for using the equity method for the cumulative third-quarter period.」
The finalization of the provisional accounting treatment related to JENSEN-GROUP NV becoming an equity-method affiliate and the recording of ¥114 million in intangible asset amortization in share of profit (loss) of investments accounted for using the equity method have been confirmed. - FY2024-Q2Finalization of Equity-Method Accounting TreatmentAnnual report
「In the consolidated third-quarter accounting period of the fiscal year ending March 2023, the provisional accounting treatment related to コベルコ・コンプレッサ株式会社 becoming an equity-method affiliate was finalized. Accordingly, the condensed quarterly consolidated financial statements for the second quarter of the fiscal year ending March 2023 were retrospectively restated. As a result, share of profit (loss) of investments accounted for using the equity method decreased by ¥167 million from before the retrospective restatement.」
The provisional accounting treatment related to コベルコ・コンプレッサ becoming an equity-method affiliate was finalized, and the financial information for the same period of the previous year was retrospectively restated. - FY2023-Q3AdvancedAnnual report
「Share of profit (loss) of investments accounted for using the equity method － 788」
Following the start of the capital and business alliance with コベルコ・コンプレッサ, share of profit (loss) of investments accounted for using the equity method reached ¥788 million for the cumulative third quarter, up from ¥590 million in the previous cumulative quarter. - FY2023-Q2AdvancedAnnual report
「Share of profit (loss) of investments accounted for using the equity method － 590」
The company recorded ¥590 million in share of profit (loss) of investments accounted for using the equity method during the cumulative second-quarter period following the start of the capital and business alliance with 神戸製鋼所. - FY2022-Q3AchievedAnnual report
「The capital and business alliance commenced on 5 January 2022.」
The delayed capital and business alliance with 神戸製鋼所 commenced on 5 January 2022, and the investment in コベルコ・コンプレッサ was also completed on the same date. The investment amount was ¥13,700,009,568. - FY2022-Q2SoftenedAnnual report
「The start date of the capital and business alliance, originally scheduled for 1 October this year, will be changed to an appropriate date on or before early January 2022.」
The start of the capital and business alliance with 神戸製鋼所 was postponed from 1 October 2021 to a date targeted for early January 2022. Accordingly, the third-party allotment of 341,709 treasury shares to 神戸製鋼所, the planned recipient, was temporarily suspended and was scheduled to be resolved again. - FY2021First statedAnnual report
「The company entered into a basic agreement on the capital and business alliance on 5 March 2021, with the aim of acquiring a 49% stake in コベルコ・コンプレッサ and making it a joint venture with 神戸製鋼所 and the company.」
The company disclosed plans to acquire a 49% stake in コベルコ・コンプレッサ through a capital and business alliance with 神戸製鋼所, making it a joint venture. The investment amount is ¥13,700,009,568, and the scheduled payment date is 1 October 2021. The alliance is expected to generate synergies in joint development related to steam and air, as well as in the development, manufacturing, overseas sales and after-sales service of compressors.