Spin-off of the marine engine business and 35% investment by Imabari Shipbuilding
First written in FY2023-Q3. 2 of 6 entries say "Advanced", first in FY2024-Q1. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026ReframedAnnual report
「HZME is a company formed through the spin-off of the company's marine engine business, jointly capitalized with 今治造船, for the purpose of strengthening the stable supply and sales network of marine engines, materials procurement capabilities and development related to carbon neutrality. …The company transferred part of its shareholdings. As a result, HZME changed from a consolidated subsidiary of the company to an equity-method affiliate.」
For the marine engine business, the company's ownership interest changed from 65% to 40%, and the entity changed from a consolidated subsidiary to an equity-method affiliate. - 2026-05-12AdvancedResults
「As a result, HZME will change from a consolidated subsidiary to an equity-method affiliate of the Company.」
舶用原動機事業について、今治造船との共同運営を前提とした連結子会社から持分法適用関連会社への移行が実行された。 - FY2024-Q3RestatedAnnual report
「Hitachi Zosen Marine Engine Co., Ltd., which succeeded to the company's marine engine business through an absorption-type company split, commenced operations effective 1 April 2023 and became a consolidated subsidiary.」
The commencement of operations and inclusion in the consolidated group of 日立造船マリンエンジン株式会社, which assumed the marine engine business, continues to be reported as a change in business operations. - FY2024-Q1AdvancedAnnual report
「Hitachi Zosen Marine Engine Co., Ltd., which succeeded to the company's marine engine business through an absorption-type company split, commenced operations effective 1 April 2023 and became a consolidated subsidiary.」
After the spin-off of the marine engine business and 今治造船's 35% investment, the new company began operations on 1 April 2023 and became subject to consolidation. - FY2023AchievedAnnual report
「Effective date of this absorption-type company split: 1 April 2023. Payment date and execution date of the third-party allotment by the new company to 今治造船: 1 April 2023.」
The spin-off of the marine engine business and 今治造船's 35% investment were completed as scheduled on 1 April 2023. - FY2023-Q3First statedAnnual report
「The company decided to enter into a basic agreement constituting a legally binding definitive agreement concerning the transfer of its marine engine business, through an absorption-type company split, to ヒッツ舶用原動機設立準備株式会社, a wholly owned subsidiary established on 24 November 2022, and the acceptance of a 35% capital investment by 今治造船株式会社 through a third-party allotment of new shares by the new company. On the same day, the company entered into an absorption-type company split agreement with the new company and a basic agreement with 今治造船 concerning the third-party allotment.」
The company decided to spin off its marine engine business into a new company and accept a 35% investment from 今治造船. The effective date of the company split and the third-party allotment was scheduled for 1 April 2023, with the transaction intended to strengthen the sales and supply network, reduce costs, secure funding for development investment and strengthen the development structure.