Non-renewal of the technology licence agreement for coal-fired boilers
First written in FY2017-Q3. 2 of 4 entries say "Restated". Latest entry: FY2018.
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- FY2018RestatedAnnual report
「TAKUMA CO., LTD. Coal-fired boilers June 2007 (Republic of Indonesia) Panca Mandiri Essensia Through May 2017 (Note) 2 (Note) 1. Consideration for the above agreement is received mainly as a lump-sum payment at the time the agreement is concluded, together with a fixed percentage of sales. 2. The agreement ended during the fiscal year.」
The full-year disclosure also confirms that the technology transfer agreement for coal-fired boilers, which was not to be renewed, ended after its term through May 2017. - FY2018-Q1AchievedAnnual report
「During the first quarter, the contracts that ended were as follows. No new contracts were concluded. Technology transfer agreement Contracting company Subject of contract Contract date Counterparty Contract term TAKUMA CO., LTD. Coal-fired boilers June 2007 (Republic of Indonesia) Panca Mandiri Essensia Through May 2017」
The Company explicitly stated that the technology transfer agreement for coal-fired boilers, which was not to be renewed, ended after its term through May 2017. - FY2017RestatedAnnual report
「TAKUMA CO., LTD. Coal-fired boilers June 2007 Panca Mandiri Essensia Through May 2017 The agreement remained valid through May 2017 and was not renewed.」
The contract list also confirms that the technology transfer agreement for coal-fired boilers was valid through May 2017 and would not be renewed. - FY2017-Q3First statedAnnual report
「During the third quarter, the Company decided not to renew its technology licence agreement for coal-fired boilers with Panca Mandiri Essensia, with the agreement remaining valid through May 2017.」
For the technology transfer agreement for coal-fired boilers with Indonesia's Panca Mandiri Essensia, the Company has stated for the first time its policy not to renew the agreement, which remains valid through May 2017.