New revenue-generation scheme through the sale of diamond wire production equipment and the provision of technology
First written in FY2019. 11 of 25 entries say "Restated". Latest entry: 2026-09-25.
No other company in this theme has enough history to compare yet.
- FY2026RestatedAnnual report
「With respect to the international arbitration with Jiangsu San Chao Co., Ltd., the Singapore International Arbitration Centre has not issued a final arbitral award as of the present date, and the outcome cannot be forecast. Accordingly, the impact of the arbitral award on performance has not been reflected in the consolidated performance forecast.」
The new revenue-generation project through the sale of equipment and provision of technology remains uncertain as to the final arbitral award and its impact on operating performance following the interim award, and has not been incorporated into the earnings forecast. - FY2026-H1RestatedAnnual report
「On 20 May 2025, we received an arbitral award (interim award) from SIAC ordering us to pay the direct damages suffered by 江蘇三超社 and interest. However, the amount payable by us will be determined separately by the arbitral tribunal in future arbitration proceedings after 江蘇三超社 and we have each presented our respective positions. As the amount cannot currently be estimated, it is difficult to reasonably estimate the impact of the arbitral award on operating performance.」
The revenue-generation project through the provision of equipment and technology remains subject to arbitration proceedings, including determination of the amount payable, following the SIAC interim award, and completion of the revenue-generation initiative has not been indicated. - FY2025WorsenedAnnual report
「An arbitral award (interim award) was issued in this arbitration on 20 May 2025. It found that we had breached our obligations under the agreement and recognized termination of the agreement on 27 September 2021 on the grounds of our breach. However, 江蘇三超社's claim for the return of the contract consideration already paid, totaling ¥990 million, was dismissed.」
The new revenue-generation project through the sale of diamond wire production equipment and provision of technology progressed from the previous revenue-monetization policy to a situation following the legal dispute, after the SIAC interim award recognized our breach of contract and termination of the agreement. The claim for the return of the ¥990 million in contract consideration already paid was dismissed. - FY2025-H1RestatedAnnual report
「Regarding the transfer of diamond wire production equipment and other assets to 江蘇三超社 in China, 江蘇三超社 filed for arbitration with the Singapore International Arbitration Centre (SIAC) on 17 November 2021, alleging that we had failed to perform our contractual obligations and seeking termination of the agreement and damages. We believe that we have completed performance of our contractual obligations and that the grounds for termination alleged by 江蘇三超社 do not apply. Accordingly, on 1 December of the same year, we filed a claim against 江蘇三超社 seeking payment of the remaining consideration. We will continue to assert the validity of our position in the SIAC arbitration.」
The new revenue-generation project through the transfer of equipment and technology to 江蘇三超社 remains subject to SIAC arbitration concerning termination of the agreement and a claim for damages, as well as our claim for the remaining consideration, with no new agreement or completion of revenue recognition indicated. - FY2024-Q3RestatedAnnual report
「Regarding the transfer of diamond wire production equipment and other assets to 江蘇三超社 in China, 江蘇三超社 filed for arbitration with the Singapore International Arbitration Centre (SIAC) on 17 November 2021, alleging that we had failed to perform our contractual obligations and seeking termination of the agreement and damages. We believe that we have completed performance of our contractual obligations and that the grounds for termination alleged by 江蘇三超社 do not apply. Accordingly, on 1 December of the same year, we filed a claim against 江蘇三超社 seeking payment of the remaining consideration. We will continue to assert the validity of our position in the SIAC arbitration.」
The new revenue-generation project through the equipment and technology transfer remains subject to SIAC arbitration concerning 江蘇三超社's termination of the agreement and claim for damages, as well as our claim for the remaining consideration, with no new agreement or completion of revenue recognition indicated. - FY2024-Q2RestatedAnnual report
「Regarding the transfer of diamond wire production equipment and other assets to 江蘇三超社 in China, 江蘇三超社 filed for arbitration with the Singapore International Arbitration Centre (SIAC) on 17 November 2021, alleging that we had failed to perform our contractual obligations and seeking termination of the agreement and damages. We believe that we have completed performance of our contractual obligations and that the grounds for termination alleged by 江蘇三超社 do not apply. Accordingly, on 1 December of the same year, we filed a claim against 江蘇三超社 seeking payment of the remaining consideration. We will continue to assert the validity of our position in the SIAC arbitration.」
Revenue generation through the equipment and technology transfer with 江蘇三超社 remains subject to SIAC arbitration concerning termination of the agreement and a claim for damages, as well as our claim for the remaining consideration, with no new agreement or completion of revenue recognition indicated. - FY2024-Q1RestatedAnnual report
「Regarding the transfer of diamond wire production equipment and other assets to 江蘇三超社 in China, 江蘇三超社 filed for arbitration with the Singapore International Arbitration Centre (SIAC) on 17 November 2021, alleging that we had failed to perform our contractual obligations and seeking termination of the agreement and damages. We believe that we have completed performance of our contractual obligations and that the grounds for termination alleged by 江蘇三超社 do not apply. Accordingly, on 1 December of the same year, we filed a claim against 江蘇三超社 seeking payment of the remaining consideration. We will continue to assert the validity of our position in the SIAC arbitration.」
The equipment and technology transfer project with 江蘇三超社 remains subject to SIAC arbitration concerning termination of the agreement and a claim for damages, as well as our claim for the remaining consideration, with no new agreement or completion of revenue recognition indicated. - FY2023-Q3RestatedAnnual report
「Regarding the transfer of diamond wire production equipment and other assets to 江蘇三超社 in China, 江蘇三超社 filed for arbitration with the Singapore International Arbitration Centre (SIAC) on 17 November 2021, alleging that we had failed to perform our contractual obligations and seeking termination of the agreement and damages. We believe that we have completed performance of our contractual obligations and that the grounds for termination alleged by 江蘇三超社 do not apply. Accordingly, on 1 December of the same year, we filed a claim against 江蘇三超社 seeking payment of the remaining consideration. We will continue to assert the validity of our position in the SIAC arbitration.」
The equipment and technology transfer project remains subject to SIAC arbitration concerning 江蘇三超社's termination of the agreement and claim for damages, as well as our claim for the remaining consideration, with no new agreement or completion of revenue recognition indicated. - FY2023-Q2RestatedAnnual report
「Regarding the transfer of diamond wire production equipment and other assets to 江蘇三超社 in China, 江蘇三超社 filed for arbitration with the Singapore International Arbitration Centre (SIAC) on 17 November 2021, alleging that we had failed to perform our contractual obligations and seeking termination of the agreement and damages. We believe that we have completed performance of our contractual obligations and that the grounds for termination alleged by 江蘇三超社 do not apply. Accordingly, on 1 December of the same year, we filed a claim against 江蘇三超社 seeking payment of the remaining consideration. We will continue to assert the validity of our position in the SIAC arbitration.」
The equipment and technology transfer project with 江蘇三超社 remains subject to SIAC arbitration concerning termination of the agreement and a claim for damages, as well as our claim for the remaining consideration, with no new agreement or completion of revenue recognition indicated. - FY2023-Q1RestatedAnnual report
「Regarding the transfer of diamond wire production equipment and other assets to 江蘇三超社 in China, 江蘇三超社 filed for arbitration with the Singapore International Arbitration Centre (SIAC) on 17 November 2021, alleging that we had failed to perform our contractual obligations and seeking termination of the agreement and damages. We believe that we have completed performance of our contractual obligations and that the grounds for termination alleged by 江蘇三超社 do not apply. Accordingly, on 1 December of the same year, we filed a claim against 江蘇三超社 seeking payment of the remaining consideration.」
The equipment and technology transfer project with 江蘇三超社 remains subject to SIAC arbitration concerning termination of the agreement and a claim for damages, as well as our counterclaim, with no new agreement or progress in revenue recognition indicated. - FY2022-Q3SoftenedAnnual report
「We continued discussions with 江蘇三超社 aimed at reaching agreement on new acceptance inspection conditions. However, we determined that the differences between the positions of the two companies were substantial and that resolution through discussions between the parties would be difficult, and therefore requested discussions toward a legal resolution through our representatives. As a result, it is no longer expected that the ¥1,400 million in revenue related to the delivery of the remaining equipment and other items that had been expected for the fiscal year ending March 2022, comprising ¥650 million in net sales and ¥750 million in extraordinary income, can be recognized in the current fiscal year, and the risk has materialized.」
The new revenue-generation initiative through the sale of equipment and provision of technology shifted from discussions regarding acceptance inspection conditions to discussions toward a legal resolution. The ¥1,400 million in revenue expected for the fiscal year ending March 2022 could no longer be expected to be recognized in the current fiscal year. - FY2022-Q2SoftenedAnnual report
「We continued discussions with 江蘇三超社 aimed at reaching agreement on new acceptance inspection conditions. However, we determined that the differences between the positions of the two companies were substantial and that resolution through discussions between the parties would be difficult, and therefore requested discussions toward a legal resolution through our representatives. As a result, it is no longer expected that the ¥1,400 million in revenue related to the delivery of the remaining equipment and other items that had been expected for the fiscal year ending March 2022, comprising ¥650 million in net sales and ¥750 million in extraordinary income, can be recognized in the current fiscal year, and the risk has materialized.」
The revenue-generation initiative through the sale of equipment and provision of technology shifted from negotiations between the parties, where reaching agreement had become difficult, to discussions toward a legal resolution through representatives. The prospect of recognizing the ¥1,400 million in revenue expected for the fiscal year ending March 2022 in the current fiscal year was also lost, materially weakening the plan. - FY2022-Q1RestatedAnnual report
「Negotiations concerning the transfer of diamond wire production equipment and other assets to 江蘇三超社 in China continued, and there was no specific progress.」
Negotiations concerning the equipment and technology transfer project continued, with no specific progress during the quarter. - FY2021SoftenedAnnual report
「We are continuing negotiations with 江蘇三超社 regarding the timing of recognizing consideration for the equipment and technology. As it is difficult at present to estimate when the consideration will be recognized, we will disclose only the full-year forecast.」
Revenue generation through the sale of equipment and provision of technology remained incomplete, with negotiations continuing, and the timing of recognition was considered difficult to estimate. The timing of collecting and monetizing the remaining consideration has become even more uncertain. - FY2021-Q3SoftenedAnnual report
「With support from 江蘇三超社, the government of Jiangsu Province, where its plant is located, granted entry permission to our engineers. We sent the engineers to China in September 2020 and resumed on-site work in late September. However, due to differences in the two companies' understanding of the acceptance inspection conditions, we are currently discussing new objectives with 江蘇三超社, and recognition of revenue from the remaining equipment is expected to be postponed to the next fiscal year.」
Although on-site work in China resumed in late September 2020, recognition of revenue from the remaining equipment is expected to be postponed to the next fiscal year due to differences in the understanding of the acceptance inspection conditions. The timing of realizing revenue from the equipment and technology transfer was pushed back. - FY2021-Q2AdvancedAnnual report
「Under these circumstances, in our electronic materials slicing-related business, on-site work in China for the transfer of diamond wire production equipment and other assets to 江蘇三超社, which had been suspended due to the spread of COVID-19, resumed in late September 2020. However, as of the end of the 2nd quarter consolidated accounting period, no revenue had yet been recognized.」
On-site work in China for the transfer of equipment to 江蘇三超社, which had been suspended due to the spread of COVID-19, resumed in late September 2020. However, as of the quarter-end, the transfer was incomplete and no revenue had been recognized. - FY2021-Q1SoftenedAnnual report
「Consequently, revenue recognized for the fiscal year ended March 2020 was limited to ¥650 million for the equipment and ¥150 million for the technology, compared with the initially expected ¥1.4 billion and ¥300 million, respectively. However, we believe that acceptance inspection of the remaining equipment can be completed promptly once travel restrictions to China are lifted and on-site work resumes. In July 2020, the government of Jiangsu Province, where 江蘇三超社's plant is located, granted entry permission to our engineers. We are currently preparing for travel to China, which is expected to take place from September 2020 onward.」
The transfer of equipment and technology was delayed by travel restrictions resulting from the spread of COVID-19, and revenue recognition was below the initial expectations. At the same time, entry permission for the engineers was obtained, and travel from September 2020 onward was expected. - FY2020-Q3RestatedAnnual report
「Our group will work to improve its operating performance and financial position in order to resolve the situation promptly and achieve future growth by implementing the following measures.」
The policy of transferring equipment and providing technology to 江蘇三超社 and developing a new revenue stream using ultra-fine diamond wire production technology has continued. - FY2020-Q2AdvancedAnnual report
「We will sell to 江蘇三超社 the diamond wire manufacturing equipment and other related peripheral machinery, equipment and other assets held by us.」
The matter progressed from the basic agreement and discussions on a definitive agreement to the execution, on 30 August 2019, of an equipment sale agreement and a technology license agreement. Consideration was approximately ¥1.4 billion for the equipment, approximately ¥300 million for the provision of technology and other items, and approximately ¥500 million upon achievement of certain production conditions, for total consideration of approximately ¥2.2 billion. - FY2020-Q1AdvancedAnnual report
「On 21 June 2019, we entered into a basic agreement with 江蘇三超社 for the transfer of diamond wire production equipment owned by us and the provision of technology related to diamond wire manufacturing, and are currently holding discussions toward executing a definitive agreement.」
Following the basic agreement, procedures had progressed to converting leased equipment included in the transfer into company-owned assets, while discussions toward executing a definitive agreement continued. Execution of the definitive agreement was scheduled for late August 2019. - FY2019First statedAnnual report
「At a meeting of the Board of Directors held on 21 June 2019, we resolved to enter into a basic agreement with 南京三超新材料股份有限公司 for the transfer of diamond wire production equipment owned by us and the provision of technology related to diamond wire manufacturing, and decided to begin discussions toward executing a definitive agreement.」
In addition to selling production equipment at the closed plant, a new revenue-generation initiative combining the provision and licensing of manufacturing technology entered the basic agreement stage. The total consideration for the transfer and other items was approximately ¥3,200 million, and execution of the definitive agreement was scheduled for the end of July 2019.