Strengthening Competitiveness and Improving Management Efficiency Through the Transfer of the Thermal Business and the Stake in 安全電具（恵州）有限公司
First written in FY2017-Q2. 2 of 5 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2019-Q2.
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- FY2019-Q2AchievedAnnual report
「The Group transferred its Thermal business, comprising the manufacture and sale of thermal fuses and resistors with thermal fuses, and its stake in the manufacturing subsidiary 安全電具（恵州）有限公司 on 30 September 2018 and withdrew from the business.」
The previously postponed transfer of the thermal business and the interest in 安全電具（恵州）有限公司 was executed effective 30 September 2018, completing the withdrawal from the business. - FY2018AdvancedAnnual report
「During the fiscal year, discussions with 内橋エステック regarding execution of the business transfer and transfer of the interest were concluded, and a definitive agreement was signed. Preparations are under way for execution on the scheduled date of 30 September 2018.」
A definitive agreement was signed for the previously postponed transfer of the thermal business and the interest in 安全電具（恵州）有限公司, and preparations for execution began. - FY2017SoftenedAnnual report
「We had continued preparations to execute the business transfer and transfer of the interest, but as the preparation work required additional time, the two companies agreed to postpone the scheduled transfer date to 30 September 2018.」
The scheduled transfer date was postponed from 31 March 2017 to 30 September 2018, and execution remained incomplete. - FY2017-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 27 October 2016, the Company resolved to transfer to 内橋エステック株式会社 the thermal business within its electronic components business, consisting of the manufacture and sale of thermal fuses and resistors with thermal fuses, and its interest in 安全電具（恵州）有限公司, a consolidated subsidiary and manufacturing company for that business. On 27 October of the same year, the Company signed a business transfer agreement and an interest transfer agreement.」
The Board of Directors approved the transfer of the thermal business and the interest in 安全電具（恵州）有限公司, and the agreements were signed. The transfer was scheduled for 31 March 2017, so the business transfer itself had not yet been completed. - FY2017-Q2First statedAnnual report
「The scheduled date for the business transfer and transfer of the interest was 31 March 2017. We determined that transferring the business to 内橋エステック was the best course of action, as combining our expertise with the expertise and management resources of 内橋エステック would enable us to continue supplying customers with products stably and continuously and sustainably grow and develop our thermal business while improving quality and service.」
An agreement was signed to transfer the thermal business and the interest in the manufacturing subsidiary to 内橋エステック, with 31 March 2017 set as the scheduled date. Stable supply, improved quality and service, and stronger competitiveness were cited as reasons for the transfer.