Continued Consolidation of WCP with a 49.69% Interest After Partial Share Sale and Convertible Bond Conversion
First written in FY2021-Q3. 3 of 14 entries say "Restated". Latest entry: FY2027-H1.
W-Scope moved to the "Worse" side of this theme in 2024.
0 other companies' latest entry also says "Other".
- FY2027-H1Updated equity-method investment lossAnnual report
「Other operating expenses included ¥146 million in interest expense and a ¥1,694 million equity-method investment loss.」
The investment loss relating to WCP and other equity-method affiliates was ¥1,694 million, down from ¥2,402 million in the same period of the previous year, but it was still recorded as an other operating expense. - FY2026Updated WCP's ownership percentage and related-party transactionsAnnual report
「At the end of the fiscal year, our company and W-SCOPE KOREA CO., LTD., our wholly owned subsidiary, held a combined 35.52% of WCP's shares.」
Updated the combined ownership percentage in WCP held by our company and WSK from 36.23% to 35.52%, and disclosed related-party transactions, including ¥1,776 million in separator sales and ¥593 million in loans, with WCP as an equity-method affiliate. - 2026-03-19OtherOccurring Fact
「Although ¥4,131 million had been recorded in the third quarter, we recorded ¥6,331 million, mainly based on the financial report of W-SCOPE CHUNGJU PLANT CO., LTD., an equity-method affiliate.」
The full-year amount of share of loss of entities accounted for using the equity method was updated following WCP's exclusion from consolidation and its treatment under the equity method. - FY2026-H1Updated the earnings impact after the application of the equity methodAnnual report
「Other operating income included ¥148 million in compensation received from customers for excess inventory and other items. Other operating expenses included a ¥199 million foreign exchange loss on U.S. dollar-denominated receivables and payables, ¥122 million in interest expense, and a ¥2,402 million equity-method investment loss, following WCP's transition to an equity-method affiliate from the third quarter of the previous fiscal year.」
Following WCP's exclusion from consolidation and transition to an equity-method affiliate, the company recorded a ¥2,402 million equity-method investment loss. - FY2025MaterialisedAnnual report
「From the current fiscal year, W-SCOPE CHUNGJU PLANT CO., LTD. (WCP) and its consolidated subsidiaries have been excluded from the scope of consolidation. A fund that had agreed to exercise its voting rights in the same manner as us partially sold its WCP shares, causing the voting rights to fall below a majority, and WCP was therefore excluded from consolidation.」
WCP and its consolidated subsidiaries were in fact excluded from the scope of consolidation after WCP's voting rights fell below a majority. - FY2025-H1WorsenedAnnual report
「Because the consenting party partially sold its WCP shares on 29 August 2024, the voting rights fell below a majority. If this situation continues, WCP is scheduled to be excluded from the scope of consolidation and become an equity-method affiliate.」
WCP remained consolidated at an ownership percentage of 36.23%, but the partial sale of shares by the consenting party resulted in voting rights falling below a majority. The company indicated that, if this situation continues, WCP may be excluded from consolidation and become an equity-method affiliate. - FY2024Updated WCP ownership percentageAnnual report
「At the end of the fiscal year, our company and W-SCOPE KOREA CO., LTD., our wholly owned subsidiary, held a combined 36.23% of WCP's shares. However, the voting rights held by parties that have agreed to exercise their voting rights in the same manner as us, together with our voting rights, represent a majority, and we control WCP's decision-making bodies. WCP is therefore included within the scope of consolidation.」
Updated WCP's ownership percentage to 36.23%; consolidation continues because voting rights including those of consenting parties represent a majority and the company controls WCP's decision-making bodies. - FY2023-Q3Updated WCP ownership percentageAnnual report
「At the end of the third quarter, our company and W-SCOPE KOREA CO., LTD., our wholly owned subsidiary, held a combined 36.08% of WCP's shares. However, the voting rights held by parties that have agreed to exercise their voting rights in the same manner as us, together with our voting rights, represent a majority, and we control WCP's decision-making bodies. WCP is therefore included within the scope of consolidation.」
Updated the combined ownership percentage in WCP held by our company and WSK to 36.08%; consolidation continues because of majority voting rights and control of WCP's decision-making bodies. - FY2023-Q2RestatedAnnual report
「W-SCOPE CHUNGJU PLANT CO., LTD. (WCP), our consolidated subsidiary, listed its shares on the Korean securities market, KOSDAQ, on 30 September 2022, reducing our ownership percentage in WCP from 46.02% to 35.91%. However, the voting rights held by parties that have agreed to exercise their voting rights in the same manner as us, together with our voting rights, represent a majority, and we control WCP's decision-making bodies. WCP is therefore included within the scope of consolidation.」
The company continues to explain that WCP remains consolidated at an ownership percentage of 35.91% because of majority voting rights and control of WCP's decision-making bodies. - FY2023-Q1RestatedAnnual report
「W-SCOPE CHUNGJU PLANT CO., LTD. (WCP), our consolidated subsidiary, listed its shares on the Korean securities market, KOSDAQ, on 30 September 2022, reducing our ownership percentage in WCP from 46.02% to 35.91%. However, the voting rights held by parties that have agreed to exercise their voting rights in the same manner as us, together with our voting rights, represent a majority, and we control WCP's decision-making bodies. WCP is therefore included within the scope of consolidation.」
The company continues to explain that WCP remains consolidated at an ownership percentage of 35.91% because voting rights including those of parties exercising them in the same manner represent a majority and the company controls WCP's decision-making bodies. - FY2022RestatedAnnual report
「Following a capital increase through the issuance of new shares and the partial sale of subsidiary shares to non-controlling shareholders, without changing the scope of consolidation, our ownership percentage declined from 46.02% to 35.91%. However, as described under Additional Information, WCP remains within the scope of consolidation.」
WCP remains consolidated at an ownership percentage of 35.91% following its KOSDAQ listing. - FY2022-Q3Updated ownership percentage after WCP's listingAnnual report
「Following a capital increase through the issuance of new shares and the partial sale of subsidiary shares to non-controlling shareholders, without changing the scope of consolidation, our ownership percentage declined from 46.02% to 35.91%. However, as described under Additional Information, WCP remains within the scope of consolidation.」
Our ownership percentage declined from 46.02% to 35.91% following the issuance of new shares and the sale of shares in connection with WCP's KOSDAQ listing, but WCP remains consolidated because we control its decision-making bodies. - FY2021Further updated WCP ownership percentageAnnual report
「Following the exercise by non-controlling shareholders of the conversion rights attached to the convertible bonds with share acquisition rights issued by W-SCOPE CHUNGJU PLANT CO., LTD. (WCP), our ownership percentage declined from 49.69% to 46.02%. However, because we control WCP's decision-making bodies, we intend to continue including WCP within the scope of consolidation.」
The conversion in January 2022 reduced our interest in WCP from 49.69% to 46.02%, but the company stated its intention to continue consolidation on the grounds that it controls WCP's decision-making bodies. - FY2021-Q3First statedAnnual report
「Following the partial sale of the subsidiary's shares and the exercise by non-controlling shareholders of the conversion rights attached to the convertible bonds with share acquisition rights issued by WCP, our ownership percentage declined from 100% to 49.69%. However, as described under Additional Information, WCP remains within the scope of consolidation.」
Our ownership percentage declined from 100% to 49.69% following the partial sale of WCP shares and the conversion of convertible bonds into shares. However, WCP remains consolidated because our voting rights, including those of affiliated interests, represent a majority.