Termination of the Joint Venture Agreement for the China Engine Business
First written in FY2021-Q3. 2 of 4 entries say "Advanced", first in FY2026-H1. Latest entry: FY2026.
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- FY2026AdvancedAnnual report
「Agreement to establish 瀋陽航天三菱汽車発動機製造有限公司 in connection with the automobile engine business in China 15 May 1997 (terminated on 2 July 2025)」
The termination date of the joint venture agreement for the Chinese engine business upon achievement of its purpose was specified as 2 July 2025. The entity was also excluded from the scope of equity-method accounting following the sale of the equity interest. - FY2026-H1AdvancedAnnual report
「This was due to the sale of the equity interest in 瀋陽航天三菱汽車発動機製造有限公司, formerly an equity-method affiliate of the Company.」
With respect to the joint venture relationship in the Chinese engine business, the Company sold its equity interest in 瀋陽航天三菱汽車発動機製造有限公司 and excluded it from the scope of equity-method accounting. A loss of ¥6.271 billion on the sale of the equity interest was also recognized. - FY2022-Q1ReframedAnnual report
「During the first quarter of the current fiscal year, the following material contract related to management was terminated.」
Following the joint venture agreement for the automobile engine business in China, the joint venture agreement concerning vehicle production and sales and other operations of 東南（福建）汽車工業有限公司 was also terminated. - FY2021-Q3First statedAnnual report
「During the third quarter of the current fiscal year, the following material contract related to management was terminated upon achievement of its purpose: the agreement to establish ハルピン東安汽車発動機製造有限公司 in connection with the automobile engine business in China.」
The agreement to establish a joint venture for the automobile engine business in China, signed on 16 June 1998, was stated to have been terminated upon achievement of its purpose.