WSPC第一次有限会社 Becoming a Consolidated Subsidiary and Application of the Equity Method to LIB Material Investment Fund 1
First written in FY2021-Q3. 2 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 3 of 23 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Our company and its affiliates consist of our company, 2 consolidated subsidiaries (W-SCOPE KOREA CO., LTD. and W-SCOPE HONGKONG CO., LIMITED), and 2 equity-method affiliates (W-SCOPE CHUNGJU PLANT CO., LTD. and LIB Material Investment Fund 1), for a total of 5 companies (the Group).」
The full-year group structure confirms WCP and LIB Material Investment Fund 1 as equity-method affiliates and WSK and the Hong Kong subsidiary as consolidated subsidiaries. - FY2025ReframedAnnual report
「From the current fiscal year, W-SCOPE CHUNGJU PLANT CO., LTD. and LIB Material Investment Fund 1, following an increase in the investment ratio, have been included as equity-method affiliates.」
WCP and LIB Material Investment Fund 1 were classified as equity-method affiliates, changing the group from one centered on consolidated subsidiaries to one that also includes equity-method affiliates. - FY2022RestatedAnnual report
「All subsidiaries are consolidated.」
All 6 subsidiaries, including WSPC Daiichi Yugen Kaisha and W-SCOPE HUNGARY PLANT Ltd., are consolidated, and there continue to be no equity-method affiliates. - FY2021Excluded LIB Material Investment Fund 1 from application of the equity methodAnnual report
「In November 2021, WSK partially sold its investment, reducing its investment ratio to 12.22%, and LIB Material Investment Fund 1 was therefore excluded from the equity-method affiliates.」
WSK's partial sale reduced its investment ratio from 39.42% to 12.22%, and LIB Material Investment Fund 1 was excluded from the equity-method affiliates. WSPC remains a consolidated subsidiary. - FY2021-Q3First statedAnnual report
「From the third quarter, WSPC Daiichi Yugen Kaisha has been included as a consolidated subsidiary because we determined that W-SCOPE CHUNGJU PLANT CO., LTD., our consolidated subsidiary, effectively controls the special-purpose company established in Korea when it borrows from financial institutions. From the third quarter, W-SCOPE KOREA CO., LTD., our consolidated subsidiary, invested in LIB Material Investment Fund 1, an investment partnership established in Korea, which has been classified as an equity-method affiliate.」
WSPC Daiichi Yugen Kaisha, a special-purpose company related to WCP's borrowings, became a consolidated subsidiary, while LIB Material Investment Fund 1, in which WSK invested, became an equity-method affiliate.