Making Prime Meiden Ltd. a subsidiary and establishing it as a strategic production and procurement base
First written in FY2017-Q1. 4 of 6 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021AdvancedAnnual report
「PRIME MEIDEN LIMITED (Note 3) India million Indian rupees 1,161 Social infrastructure business 92.00 (0.01) Transformer manufacturing, sales and engineering」
Prime Meiden Ltd.’s voting rights ownership ratio rose from 76.00% to 92.00%, indicating further increased involvement in the company. - FY2019AdvancedAnnual report
「Prime Meiden Ltd. (Note 3) India million Indian rupees 1,161 Social infrastructure business 76.00 Transformer manufacturing, sales and engineering」
Prime Meiden Ltd.’s voting rights ownership ratio rose from 68.00% in the previous disclosure to 76.00%, reflecting deeper involvement as a base for the Indian power market and transformer business. - FY2018AdvancedAnnual report
「The company will further accelerate its strategy of entering India’s electric utility market and expanding into markets west of India, centered on Prime Meiden Ltd., the Indian transformer manufacturer that became a consolidated subsidiary.」
Prime Meiden Ltd. was positioned as a consolidated subsidiary, with a voting rights ownership ratio of 68.00%. Its role as a base for expansion in India and west of India has continued to develop. - FY2017-Q3RestatedAnnual report
「Property, plant and equipment increased by ¥4,359 million from the end of the previous fiscal year to ¥110,627 million, mainly due to the additional acquisition of shares in Prime Meiden Ltd., the company’s Indian transformer manufacturing affiliate.」
The company continued to disclose additional acquisitions of shares in Prime Meiden Ltd., but did not explicitly indicate the achievement of a new stage. - FY2017-Q2AdvancedAnnual report
「Property, plant and equipment increased by ¥3,319 million from the end of the previous fiscal year to ¥109,587 million, mainly due to the additional acquisition of shares in Prime Meiden Ltd., the company’s Indian transformer manufacturing affiliate.」
In addition to making Prime Meiden Ltd. a subsidiary and establishing it as a strategic base, the company acquired additional shares. Cash outflows for the acquisition of shares in affiliates amounted to ¥2,908 million. - FY2017-Q1First statedAnnual report
「To further expand its overseas business, the Meiden Group will make PML, which became a subsidiary on this occasion, a strategic base for producing finished and semi-finished large power transformers and procuring components, while expanding sales of power equipment not only in India’s power generation, substations and electric railway markets but also in Southeast Asia and emerging markets west of India.」
A business combination was carried out on 29 June 2016, resulting in an acquired voting rights ratio of 60%. The company is positioned as a supply base for India as well as Southeast Asia and emerging markets west of India.