Strengthening Competitiveness in China Through the Conversion of 重慶超力電器 into a Consolidated Subsidiary
First written in FY2022-Q2. 2 of 3 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2022.
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- FY2022AdvancedAnnual report
「Revenue of the acquiree recognized in the consolidated income statement for the period after the date control was obtained, before elimination of intercompany transactions, was ¥9,317 million, and loss for the period was ¥836 million.」
For 重慶超力電器, revenue of ¥9,317 million and a loss for the period of ¥836 million after completion of the purchase price allocation and its inclusion as a consolidated subsidiary were disclosed as full-year results. - FY2022-Q3AdvancedAnnual report
「The allocation of the purchase price was completed during the three months ended 31 December 2021. Revenue of the acquiree recognized in the condensed interim consolidated income statement for the period after the date control was obtained, before elimination of intercompany transactions, was ¥3,342 million, and loss for the period was ¥595 million.」
The purchase price allocation for 重慶超力電器 was completed, and revenue of ¥3,342 million and a loss for the period of ¥595 million after it became a consolidated subsidiary were disclosed. - FY2022-Q2First statedAnnual report
「On 4 August 2021, the company acquired shares in 重慶超力電器有限責任公司, a subsidiary of 重慶超力高科技股份有限公司, and made 重慶超力電器有限責任公司 a consolidated subsidiary. As a result, the company's voting rights in 重慶超力電器有限責任公司 amounted to 51% as of 4 August 2021, giving it a majority of the voting rights. The objective is to maintain and strengthen the Group's competitive advantage in China and achieve sustainable growth.」
The company has disclosed a measure to make 重慶超力電器, which develops, manufactures, and sells thermal products, a consolidated subsidiary in which it holds a 51% interest, with the aim of achieving a competitive advantage and sustainable growth in China.