Cryogenic valves and expansion into the Chinese market through a partnership and joint venture with インターバルブテクノロジー
First written in FY2021. 3 of 7 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026Completion of liquidation of subsidiaryAnnual report
「Our company had 株式会社ＭＳ as an unconsolidated subsidiary, but completed its liquidation in February 2026.」
For 株式会社MS, which originated as a joint venture with インターバルブテクノロジー, completion of its liquidation in February 2026 was disclosed. - FY2024Conversion of the joint venture into a wholly owned subsidiary and change of corporate nameAnnual report
「Our company has 株式会社ＭＳ－ＩＶＴ as an unconsolidated subsidiary, but omits its disclosure because it is immaterial. 株式会社ＭＳ－ＩＶＴ changed its corporate name to 株式会社ＭＳ on 1 April 2024.」
For MS-IVT, which originated as a joint venture with インターバルブテクノロジー, related-party information for the current fiscal year shows that our company’s direct ownership ratio was 100.0%, and that its corporate name changed to 株式会社MS on 1 April 2024. - FY2023-Q1RestatedAnnual report
「Although our company established the subsidiary 株式会社ＭＳ－ＩＶＴ on 22 September 2021, we do not prepare quarterly consolidated financial statements because, under Article 5, Paragraph 2 of the “Regulation on Terminology, Forms and Preparation Methods of Quarterly Consolidated Financial Statements” (Cabinet Office Ordinance No. 64 of 2007), the subsidiary is not material enough, in terms of its assets, net sales, profit or loss, retained earnings, cash flows and other items, to prevent a reasonable assessment of the financial position, operating results and cash flows of our corporate group.」
The disclosure reconfirms that 株式会社MS-IVT is an established subsidiary and that quarterly consolidated financial statements are not prepared because it is immaterial. - FY2022AdvancedAnnual report
「The Company established MS-IVT Co., Ltd. as a joint venture with Intervalve Technology Co., Ltd. to design and manufacture clean valves for semiconductor manufacturing gases, and began producing prototypes.」
Following the establishment of 株式会社MS-IVT, the joint venture with インターバルブテクノロジー began producing prototypes of clean valves for semiconductor manufacturing gases. - FY2022-Q2AdvancedAnnual report
「During the second quarter accounting period, we established 株式会社ＭＳ－ＩＶＴ, a subsidiary in which we hold a 51% stake. It is an unconsolidated subsidiary of our company.」
The joint venture with インターバルブテクノロジー progressed from the agreement-execution stage to the establishment on 22 September 2021 of 株式会社MS-IVT, in which our company holds a 51% stake. - FY2022-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 21 June 2021, our company resolved to enter into a joint venture agreement and entered into the agreement dated 15 July 2021.」
The planned joint venture with インターバルブテクノロジー progressed from the previous fiscal year to a Board of Directors resolution and execution of the agreement dated 15 July 2021. The Joint Venture Company is described as having capital of ¥50 million, with an investment ratio of 51% for our company and 49% for the other party, and as scheduled to be established in September 2021. - FY2021First statedAnnual report
「We will make the manufacturing division of インターバルブテクノロジー a joint venture with our company and establish a joint venture company within our Kofu Plant (the “Joint Venture Company”).」
The plan to establish a joint venture company within the Kofu Plant was first posted as a thread as the business partnership with インターバルブテクノロジー took concrete shape. The Joint Venture Company is scheduled to be established on 30 September 2021, with capital of ¥50 million and an investment ratio of 51% for our company and 49% for the other party, and to commence operations on 1 February 2022. In addition to manufacturing special valves for chemical plants, the company is also considering investments in valve plants for semiconductor manufacturing equipment in China.