Capital and business alliance with KeePer Technical Laboratory Co., Ltd.
First written in FY2020-Q2. 2 of 4 entries say "Restated". Latest entry: FY2022-Q2.
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- FY2022-Q2RestatedAnnual report
「Other non-operating income and expenses for the six months ended 30 September included a gain on the sale of shares in KeePer技研 Co., Ltd., previously accounted for under the equity method, of ¥1,380 million, and a gain of ¥6,436 million resulting from the remeasurement at fair value, on the date the equity method was discontinued, of the remaining interest after the sale.」
The gain on sale and gain on remeasurement of the remaining interest arising from the partial sale of KeePer技研 shares and its removal from equity-method accounting have been reconfirmed as non-operating income and expenses for the second quarter. - FY2022-Q1RestatedAnnual report
「In the automotive sales-related business, KeePer技研 Co., Ltd. ceased to be an equity-method affiliate from the first quarter of the current consolidated fiscal year because we sold part of our shareholding on 28 May 2021.」
Following the partial sale of KeePer技研 shares, the company ceased to be an equity-method affiliate from the first quarter. A gain on sale of shares of ¥1,380 million and a gain of ¥6,436 million on the remeasurement of the remaining interest were recorded in other non-operating income and expenses. - FY2021ReframedAnnual report
「We tendered our shares in KeePer技研 Co., Ltd. (hereinafter, “KeePer技研”), our equity-method affiliate, in its share repurchase and sold part of our holding on 28 May 2021. As a result of this sale, KeePer技研 will no longer be our equity-method affiliate.」
We sold 1,000,000 shares of KeePer技研 acquired in 2019 on 28 May 2021, and the company ceased to be an equity-method affiliate. The company cited improved asset efficiency as the reason for the sale. - FY2020-Q2AchievedAnnual report
「On 1 October 2019, we acquired a 20.06% stake in KeePer技研 Co., Ltd. (hereinafter, “KeePer技研”).」
We acquired a 20.06% stake in KeePer技研, which provides car coating and related services, for ¥4,082 million, making it an equity-method affiliate. The company aims to expand both businesses and enhance corporate value by having group companies handle its products and services and by coordinating with overseas subsidiaries as KeePer技研 expands internationally.