Transfer of an interest in a Chinese joint venture related to the Machinery business
First written in FY2022-Q3. 3 of 6 entries say "Restated". Latest entry: FY2024-Q3.
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- FY2024-Q3RestatedAnnual report
「Gain on disposal of fixed assets of ¥31 million and gain on debt forgiveness of ¥26 million relating to transfer expenses and other costs associated with the transfer of an interest in an equity-method affiliate, recorded as extraordinary income」
Recognition of ¥26 million in gain on debt forgiveness related to the transfer of an interest in a Chinese equity-method affiliate was confirmed again in the cumulative third-quarter results. - FY2024-Q2Recognition of gain on debt forgiveness related to the transfer of an interestAnnual report
「Gain on debt forgiveness of ¥26 million relating to transfer expenses and other costs associated with the transfer of an interest in an equity-method subsidiary, recorded as extraordinary income」
The company recorded ¥26 million in gain on debt forgiveness relating to transfer expenses and other costs associated with the transfer of an interest in a Chinese equity-method subsidiary as extraordinary income. - FY2023-Q3RestatedAnnual report
「Because the company transferred its interest in its equity-method affiliate Jiangsu Jinyang Energy & Environmental Engineering Co., Ltd., the company excluded it from the scope of equity-method application from the second quarter of the consolidated fiscal year.」
The completion of the transfer of the interest in the Chinese machinery-related joint venture and its removal from the scope of equity-method application were confirmed again in the third quarter. - FY2023-Q2RestatedAnnual report
「Jiangsu Jinyang Energy & Environmental Engineering Co., Ltd. ceased to be an affiliate of the company during the second quarter of the current consolidated fiscal year because the company transferred its interest to Wuxi Jiuchang Heat Exchange Equipment Co., Ltd.」
The transfer of the interest in the Chinese machinery-related joint venture was completed, and its removal from the scope of equity-method application and from the company's affiliates was confirmed again in the current quarter. - FY2023-Q1ReframedAnnual report
「The company agreed with Wuxi Jiuchang Heat Exchange Equipment Co., Ltd. (hereinafter, "Wuxi Jiuchang") to jointly transfer with Jiangsu Jinyang Group Co., Ltd. (hereinafter, "Jiangsu Jinyang Group") its interest in Jiangsu Jinyang Energy & Environmental Engineering Co., Ltd., an equity-method affiliate that manufactures and sells air preheaters, elements and other products in China through a joint venture with Jiangsu Jinyang Group, to Wuxi Jiuchang. The company entered into a share transfer agreement on 24 June 2022. The company agreed with Wuxi Jiuchang to jointly transfer with Jiangsu Jinyang Group its interest in Jiangsu Jinyang Energy & Environmental Engineering Co., Ltd., an equity-method affiliate that manufactures and sells air preheaters, elements and other products in China through a joint venture with Jiangsu Jinyang Group, to Wuxi Jiuchang. The company entered into a share transfer agreement on 24 June 2022 and completed the handover on 22 July 2022.」
The disclosure developed from the previous description of the acquisition of an interest in the Chinese joint venture to the execution of an agreement to transfer the interest in the affiliate, with the handover completed on 22 July 2022. - FY2022-Q3First statedAnnual report
「The company recorded ¥102 million in equity in earnings of affiliates as non-operating income in connection with the transfer of an interest in a Chinese joint venture related to the Machinery business and other matters.」
The company recorded ¥102 million in equity in earnings of affiliates in connection with the transfer of an interest in a Chinese joint venture related to the Machinery business and other matters.