Execution support and strengthening of the financial base through the consolidation of the Brazilian business as a subsidiary
First written in FY2024. 1 of 2 entries say "Achieved", first in FY2025-H1. Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1AchievedAnnual report
「From the current interim consolidated accounting period, following the additional acquisition of shares in TS Participações e Investimentos S.A., the company and its subsidiaries TSE S.A. and Estaleiros do Brasil Ltda. changed from equity-method affiliates to consolidated subsidiaries.」
On 30 June 2024, the Company acquired shares through an in-kind contribution of loan receivables and made TS Participações e Investimentos S.A. and 2 other companies consolidated subsidiaries. The additional acquisition represented 42.99%, resulting in a post-acquisition voting interest of 92.99% and establishing a structure for the Company to lead execution support, risk management and governance enhancement, and financial strengthening. - FY2024First statedAnnual report
「We determined that, in order to stabilize the Company's consolidated results and achieve the medium-term management plan, it was necessary for the Company to take the lead in actively providing execution support for ongoing projects, strengthening risk management and governance, and strengthening the financial foundation through capital enhancement.」
On 25 April 2024, the Company resolved to make TS Participações e Investimentos S.A., TSE S.A. and Estaleiros do Brasil Ltda. consolidated subsidiaries. The acquisition cost is expected to be approximately ¥10 billion through the conversion of loan receivables into equity and other measures, with a post-acquisition ownership interest of 93%. The Company will take the lead in supporting ongoing projects, strengthening risk management and governance, and reinforcing the financial foundation.