Optimizing China Operations Through the Transfer of the Stake in 合肥博微田村電気有限公司
First written in FY2026-H1. 3 of 5 entries say "Achieved", first in 2026-05-13. Latest entry: 2026-08-05.
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- 2026-08-05Cited as achievedFinancial Results Presentation
「Gain on transfer of an interest in a consolidated subsidiary in China」
The transfer of an interest in a consolidated subsidiary in China was cited as a factor behind extraordinary income in the first quarter of the fiscal year ending March 2027. - FY2026AchievedAnnual report
「The transfer was completed on 30 December 2025, and 合肥博微田村電気有限公司 has been excluded from the scope of equity-method accounting.」
The transfer of the entire 50% interest in 合肥博微田村電気有限公司 was completed on 30 December 2025, implementing one measure to optimise the Company's Chinese operating footprint. - FY2026-H1First statedAnnual report
「At a meeting of the Board of Directors held on 1 September 2025, the Company resolved to transfer all of its equity interest in 合肥博微田村電気有限公司, a joint venture between its wholly owned subsidiary 田村香港有限公司 (hereinafter, "田村香港") and 中電博微電子科技有限公司 (hereinafter, "中電博微"), to 中電博微. If the above transfer is completed, 合肥博微田村電気有限公司 will no longer be accounted for as an equity-method affiliate of the Company.」
The Company resolved to transfer its entire 50% interest in its Chinese joint venture as part of the optimisation of its operating footprint and business portfolio restructuring under the 14th Medium-Term Management Plan. The transfer was scheduled to be completed on 31 December 2025.