Establishment of a Manufacturing Subsidiary for Semiconductor Testing Components in Shenzhen, China
First written in FY2018-Q3. 1 of 3 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2019.
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- FY2019AchievedAnnual report
「As ジェム深セン社 was newly established during the current consolidated fiscal year, it has been included in the scope of consolidation.」
The establishment and consolidation of the Shenzhen manufacturing subsidiary were completed. The company also paid ¥160 million in compensation related to employee transfers and retirements from the processing factory receiving customer-supplied materials and recognized the amount as an extraordinary loss. - FY2019-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 22 November 2018, the company decided to pay compensation to employees of its subsidiary 香港日本電子材料有限公司 working at the processing factory receiving customer-supplied materials, in connection with their transfer to 捷睦（深セン）電子有限公司 or their retirement. As a result, the company plans to recognize the ¥160 million compensation payment as an extraordinary loss in the fourth quarter of the fiscal year ending March 2019.」
The company decided how to handle employee transfers and retirements associated with the transition to the Shenzhen subsidiary and to pay compensation, with ¥160 million scheduled to be recognized as an extraordinary loss in the fourth quarter of the fiscal year ending March 2019. - FY2018-Q3First statedAnnual report
「1. Purpose of establishing the subsidiary In recent years, Guangdong Province, China, has promoted the conversion of processing factories receiving customer-supplied materials into foreign-invested corporate entities. In line with government policy in the region and to stabilize the management base, the company will convert the operation into a wholly owned enterprise by transferring equipment and other assets. 2. Overview of the subsidiary (1) Name: 捷睦(深セン)電子有限公司 (2) Location: Nanshan District, Shenzhen, Guangdong Province, China (4) Business: Manufacture of semiconductor inspection components (5) Capital: HK$3 million (6) Date established: 23 January 2018 (7) Ownership: JEM (HONG KONG) Co., Ltd. 100%」
The establishment was approved on 21 December 2017, and registration was completed on 23 January 2018. The wholly owned subsidiary was established to stabilize the management base and manufacture semiconductor inspection components, with equipment and other assets transferred to it.