Additional acquisition of shares in 株式会社エムモビリティ and application of the equity method
First written in FY2017-Q3. 3 of 8 entries say "Restated". Latest entry: FY2025.
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- FY2025DroppedAnnual report
「M Mobility Co., Ltd. has been removed from the scope of the equity method because the company sold all of its shares in M Mobility.」
All shares in 株式会社エムモビリティ were sold, moving away from the position of strengthening the business platform through the additional acquisition and application of the equity method. - FY2021RestatedAnnual report
「An allowance for doubtful accounts of ¥140,127 thousand was recorded against receivables from associate 株式会社エムモビリティ in the current consolidated fiscal year. A reversal of allowance for doubtful accounts of ¥3,200 thousand was also recorded in the current consolidated fiscal year.」
While the recording of substantial allowances for doubtful accounts on receivables from 株式会社エムモビリティ continues, a reversal of ¥3,200 thousand was also recorded. - FY2020WorsenedAnnual report
「Following an assessment of the restructuring of the dashcam business and the recoverability of related receivables, an allowance for doubtful accounts of ¥75 million was recorded as an extraordinary loss.」
The dashcam business proceeded to the restructuring of operations and assessment of recoverability, and recorded an allowance for doubtful accounts of ¥75 million. - FY2019WorsenedAnnual report
「In addition, following consideration of the bankruptcy of a TOWA CORPORATION distributor and the collectability of receivables from an equity-method affiliate, the company recorded an allowance for doubtful accounts as a non-operating expense.」
The recoverability of receivables from associates was assessed, reaching the stage of recording an allowance for doubtful accounts. An allowance of ¥52,054 thousand was also recorded for receivables from 株式会社エムモビリティ. - FY2018-Q3RestatedAnnual report
「In addition, to establish a new business platform, we acquired additional shares in a dashcam sales company, making it an associate, and strengthened our sales capabilities.」
The company has reaffirmed the conversion of the dashcam sales company into an associate through an additional acquisition and the strengthening of sales capabilities as measures to establish its business platform. - FY2018-Q2RestatedAnnual report
「In addition, to establish a new business platform, we acquired additional shares in a dashcam sales company, making it an associate, and strengthened our sales capabilities.」
The company continues to cite the conversion of the dashcam sales company into an associate through an additional acquisition and the strengthening of sales capabilities as measures being taken. - FY2017AdvancedAnnual report
「M Mobility Co., Ltd., which became an associate in December 2016 and changed its corporate name in February 2017, received an investment in March from a Taiwanese listed manufacturer and appointed Kunitake Ando (安藤 国威), former president of Sony Corporation and former chairman of Sony Life Insurance Co., Ltd., as a director. It began full-scale development of its telematics business, providing services using mobile communications systems, in the drive recorder market targeting Asia and the digital tachograph market, which became subject to legislation in April 2017, and will promote sales of the company's drive recorders and digital tachographs.」
Following 株式会社エムモビリティ becoming an associate, the company received an investment from a Taiwan-listed manufacturer and recruited outside personnel, moving into the stage of fully developing its telematics business. - FY2017-Q3First statedAnnual report
「During the consolidated accounting period of the third quarter, additional shares in 株式会社エムモビリティ, formerly 株式会社エムビジュアル, were acquired, making it an associate. Accordingly, the company has been included within the scope of application of the equity method.」
Additional shares in the company were acquired during the third-quarter accounting period, making it an associate, and it was included within the scope of application of the equity method. The cash flow statement includes ¥68 million in payments for the acquisition of shares in an associate.