Business structure using numerous SPCs and unconsolidated subsidiaries
First written in FY2016. 11 of 20 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2025.
0 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「As of the end of the consolidated fiscal year, the Group consisted of the Company (株式会社ＦＰＧ), 9 consolidated subsidiaries, 3 equity-method affiliates and 944 non-consolidated subsidiaries (Note 7).」
The number of consolidated subsidiaries increased from 7 to 9 year on year, while the number of non-consolidated subsidiaries increased from 930 to 944. AMENTUM ALPHA LIMITED and 合同会社Fbit第1号 were newly established and consolidated. - FY2025-H1AdvancedAnnual report
「During the current interim consolidated accounting period, AMENTUM ALPHA LIMITED was newly established and included in the scope of consolidation.」
AMENTUM ALPHA LIMITED was newly established and added to the scope of consolidation, expanding the Group structure in the lease fund business. - FY2024Increase in non-consolidated subsidiaries and scope of consolidation after corporate name changesAnnual report
「As of the end of the consolidated fiscal year, the Group consisted of the Company (株式会社ＦＰＧ), 7 consolidated subsidiaries, 3 equity-method affiliates and 930 non-consolidated subsidiaries.」
The Group had 7 consolidated subsidiaries, 3 equity-method affiliates and 930 non-consolidated subsidiaries. ANDART remained within the scope of consolidation after changing its corporate name to AND OWNERS, while FLIP No. 281 was excluded following the termination of its business. - FY2024-Q2ANDART income statement consolidation beganAnnual report
「Because the deemed acquisition date was set as the end of the first quarter of the consolidated accounting period, only the balance sheet was consolidated for the first quarter, while the income statement has been consolidated from the second quarter of the current consolidated accounting period.」
ANDART was consolidated on a balance-sheet-only basis in the first quarter, but its income statement was also consolidated from the second quarter, further reflecting the company in the scope of consolidation. - FY2024-Q1ANDART consolidated; FLIP No. 281 removed from consolidationAnnual report
「Following the acquisition of 80% of the total issued shares of 株式会社ＡＮＤＡＲＴ in November 2023, the company was added to the scope of consolidation from the first quarter of the current consolidated fiscal year. Meanwhile, 株式会社ＦＬＩＰ第２８１号, formerly a consolidated subsidiary, sold its aircraft leasing assets in October 2023, repaid its non-recourse loan and terminated its operating lease business. As its significance declined, the company was removed from the scope of consolidation during the first quarter of the current consolidated fiscal year.」
The scope of consolidation was reorganised through the consolidation of ANDART and the exclusion of FLIP No. 281. - FY2023Reorganisation of consolidated subsidiaries and increase in non-consolidated subsidiariesAnnual report
「As of the end of the consolidated fiscal year, the Group consisted of the Company (株式会社ＦＰＧ), 7 consolidated subsidiaries, 3 equity-method affiliates and 909 non-consolidated subsidiaries.」
The number of consolidated subsidiaries increased from 6 to 7 year on year. FPG Real Estate and FPG No. 281 were newly consolidated, while FPG Technology was excluded. The number of non-consolidated subsidiaries increased from 885 to 909. - FY2023-Q3Exclusion of FPG Technology from the scope of consolidationAnnual report
「株式会社ＦＰＧテクノロジー, formerly a consolidated subsidiary, was removed from the scope of consolidation from the beginning of the consolidated accounting period for the third quarter, following completion of the transfer of all shares held by the Company on 3 April 2023.」
Following completion of the transfer of all shares in FPG Technology, the company was removed from the scope of consolidation. - FY2023-Q1Dissolution and exclusion of an equity-method affiliateAnnual report
「During the current first quarter consolidated accounting period, FPG Asset & Investment Management Middle East FZ LLC, which had been an equity-method affiliate, was dissolved and excluded from the scope of equity-method accounting.」
FPG Asset & Investment Management Middle East FZ LLC, formerly an equity-method affiliate, was dissolved and removed from the scope of equity-method accounting. - FY2022Increase in unconsolidated subsidiaries and reorganization of the consolidation scopeAnnual report
「As of the end of the current consolidated fiscal year, the Group comprised the Company (Financial Partners Group Co.,Ltd.), 6 consolidated subsidiaries, 4 equity-method affiliates and 885 unconsolidated subsidiaries.」
The number of consolidated subsidiaries decreased from 11 to 6, while the number of unconsolidated subsidiaries increased from 729 to 885. Companies used as investment vehicles for overseas real estate are also included among the unconsolidated subsidiaries. - FY2021-Q3Exclusion of a consolidated subsidiary due to reduced materialityAnnual report
「株式会社ＦＰＧ保険サービス was excluded from the consolidation scope at the end of the current third quarter consolidated accounting period because its materiality had declined. 株式会社ＦＰＧリアルエステート in the FPG segment was also excluded from the consolidation scope at the end of the current third quarter consolidated accounting period because its materiality had declined.」
FPG Insurance Service and FPG Real Estate were excluded from the consolidation scope at the end of the third quarter because their materiality had declined. - FY2020AdvancedAnnual report
「As of the end of the current consolidated fiscal year, the Group comprised the Company (Financial Partners Group Co.,Ltd.), 11 consolidated subsidiaries, 4 equity-method affiliates and 729 unconsolidated subsidiaries.」
The Group had 11 consolidated subsidiaries, 4 equity-method affiliates and 729 unconsolidated subsidiaries. The structure expanded through the acquisitions of 北日本航空 and FPG Technology and the consolidation of 3 AML-related SPCs. - FY2020-Q3AdvancedAnnual report
「From the current third quarter consolidated accounting period, 株式会社ケンファースト, whose corporate name was changed to 株式会社ＦＰＧテクノロジー on 15 July 2020, was included in the consolidation scope following the acquisition of all of its shares.」
Following the acquisition of all shares of Ken First, an IT business company was added to the consolidation scope. Goodwill of ¥512 million was also recognized, expanding the group structure. - FY2020-Q2AdvancedAnnual report
「株式会社FLIP第243号, 株式会社FLIP第244号 and 株式会社FLIP第245号, whose silent partnerships they operated had been treated as unconsolidated subsidiaries because they fell under the category of 'subsidiaries that could materially mislead the judgments of stakeholders,' were included in the consolidation scope from the current second quarter consolidated accounting period. This was because substantially all of the profits and losses of those silent partnerships were expected to accrue to the Company, and it was determined that the above provision did not apply.」
Included FLIP Nos. 243, 244 and 245, whose lessee was AML, in the consolidation scope from the second quarter, recognizing ¥16,665 million of aircraft held for sale and related liabilities in the consolidated financial statements. - FY2020-Q1AdvancedAnnual report
「From the current first quarter consolidated accounting period, 北日本航空株式会社 was included in the consolidation scope following the acquisition of all of its shares.」
Following the acquisition of all shares of 北日本航空株式会社, the company was added to the consolidation scope, expanding the group structure to include aircraft utilization and air transportation businesses. - FY2018AdvancedAnnual report
「As of the end of the current consolidated fiscal year, the Group comprised the Company (Financial Partners Group Co.,Ltd.), 5 consolidated subsidiaries, 3 equity-method affiliates and 599 unconsolidated subsidiaries.」
The number of consolidated subsidiaries decreased from 9 to 5, while the number of unconsolidated subsidiaries increased from 495 to 599. FPG Insurance Service was consolidated, while FPG Raffles Holdings and others were excluded from the consolidation scope. - FY2018-Q3AdvancedAnnual report
「From the current third quarter consolidated accounting period, 株式会社ＦＰＧ保険サービス was included in the consolidation scope because its materiality had increased.」
Added FPG Insurance Service to the consolidation scope, expanding the Group's consolidated subsidiaries and business segments. - FY2017AdvancedAnnual report
「As of the end of the current consolidated fiscal year, the Group comprised the Company (Financial Partners Group Co.,Ltd.), 9 consolidated subsidiaries, 3 equity-method affiliates and 495 unconsolidated subsidiaries.」
The number of consolidated subsidiaries increased to 9 and unconsolidated subsidiaries to 495, from 4 and 409, respectively, in the previous fiscal year, expanding the group structure. - FY2017-Q3AdvancedAnnual report
「From the current third quarter consolidated accounting period, 1 subsidiary of FPG Raffles Holdings Pte.Ltd. was included in the consolidation scope following its incorporation.」
Added 1 subsidiary of FPG Raffles Holdings Pte.Ltd. to the consolidation scope from the third quarter, expanding the group structure related to the container leasing business. - FY2017-Q2AdvancedAnnual report
「From the current second quarter consolidated accounting period, FPG Raffles Holdings Pte.Ltd. was included in the consolidation scope following its incorporation and our subscription for its capital increase. FPG Raffles Pte.Ltd. and its 2 subsidiaries were also included following our acquisition of shares received as an in-kind contribution in connection with the capital increase of that company.」
Added a Singapore holding company, FPG Raffles and its 2 subsidiaries to the consolidation scope and established the FPG RAFFLES segment. - FY2016First statedAnnual report
「As of the end of the current consolidated fiscal year, the Group comprised the Company (Financial Partners Group Co.,Ltd.), 4 consolidated subsidiaries (株式会社ＦＰＧ証券, FPG AMENTUM LIMITED, 株式会社ＦＰＧ信託 and 株式会社ＦＰＧリアルエステート), 3 equity-method affiliates and 409 unconsolidated subsidiaries.」
Disclosed a group structure centered on the tax lease arrangement business, comprising consolidated subsidiaries and equity-method affiliates as well as 409 unconsolidated subsidiaries.