Adjustment of the Scope of Consolidation through Absorption-Type Mergers, Share Transfers and Liquidations of Subsidiaries
First written in FY2018-Q2. 17 of 19 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2026.
5 other companies' latest entry also says "Other".
- FY202668 consolidated subsidiariesAnnual report
「Number of consolidated subsidiaries 68 companies」
The Company disclosed that it had 68 consolidated subsidiaries. The scope of consolidation continues to be streamlined. - FY2026-H1AdvancedAnnual report
「During the interim consolidated accounting period, Manufacture Arnold & Son-Angelus SA, established through an incorporation-type company split, was included in the scope of consolidation. Number of consolidated subsidiaries after the changes: 73」
A subsidiary established through an incorporation-type company split was included in the scope of consolidation, bringing the number of consolidated subsidiaries to 73. - FY2024AdvancedAnnual report
「From the fiscal year under review, East Eagle Watch (Shanghai) Co., LTD was excluded from the scope of consolidation because it was liquidated, and CITIZEN WATCH DO BRASIL LTDA was excluded because its shares were sold.」
Two companies were excluded from the scope of consolidation through liquidation and the sale of shares, reducing the number of consolidated subsidiaries from 75 in the previous fiscal year to 72. - FY2023-Q1AdvancedAnnual report
「During the first-quarter consolidated accounting period, 西鉄城冠利鐘表(香港)有限公司, a consolidated subsidiary of the Company, was excluded from the scope of consolidation because it was liquidated. Number of consolidated subsidiaries after the changes: 75」
One Hong Kong subsidiary was excluded from the scope of consolidation through liquidation, leaving 75 consolidated subsidiaries. - FY2022-Q3AdvancedAnnual report
「During the third-quarter consolidated accounting period, BWI de Mexico S.R.L. was excluded from the scope of consolidation because it was absorbed by Citizen De Mexico, S. DE R. L. DE C. V., a consolidated subsidiary of the Company. Number of consolidated subsidiaries after the changes: 76」
BWI de Mexico was absorbed by Citizen De Mexico, leaving 76 consolidated subsidiaries. - FY2022-Q2AdvancedAnnual report
「During the second-quarter consolidated accounting period, Citizen Electronics Funehiki Co., Ltd. and Citizen Plaza Co., Ltd. were excluded from the scope of consolidation because they were liquidated. Number of consolidated subsidiaries after the changes: 77」
Citizen Electronics Funehiki and Citizen Plaza were excluded from the scope of consolidation through liquidation, leaving 77 consolidated subsidiaries. - FY2022-Q1AdvancedAnnual report
「During the first-quarter consolidated accounting period, Bulova Swiss S.A., a consolidated subsidiary of the Company, was excluded from the scope of consolidation because it was liquidated. Number of consolidated subsidiaries after the changes: 79」
Bulova Swiss S.A. was excluded from the scope of consolidation through liquidation, leaving 79 consolidated subsidiaries. - FY2021-Q3AdvancedAnnual report
「During the third-quarter consolidated accounting period, Bulova Trading (Shanghai) Co., Ltd. and Citizen Jewelry Co., Ltd. were excluded from the scope of consolidation because they were liquidated. Number of consolidated subsidiaries after the changes: 80」
Bulova Trading (Shanghai) and Citizen Jewelry were excluded from the scope of consolidation through liquidation, leaving 80 consolidated subsidiaries. - FY2021-Q2AdvancedAnnual report
「During the second-quarter consolidated accounting period, 冠星精密有限公司 was excluded from the scope of consolidation because it was liquidated. Number of consolidated subsidiaries after the changes: 82」
冠星精密有限公司 was excluded from the scope of consolidation through liquidation, leaving 82 consolidated subsidiaries. - FY2021-Q1AdvancedAnnual report
「During the first-quarter consolidated accounting period, Miyano Service Engineering Co., Ltd., a former consolidated subsidiary of the Company, was excluded from the scope of consolidation because it was absorbed by Citizen Machinery Co., Ltd., a consolidated subsidiary of the Company. Bulova Italy s.r.l. was excluded because it was liquidated. Egasca S.A., formerly a non-consolidated subsidiary, was included in the scope of consolidation because its materiality had increased. Number of consolidated subsidiaries after the changes: 83」
An absorption-type merger of a machine-tool-related subsidiary, the liquidation of Bulova Italy and the consolidation of Egasca were carried out, leaving 83 consolidated subsidiaries. - FY2020AdvancedAnnual report
「From the fiscal year under review, Prothor Holding S.A., Prototec S.A., Arnold & Son S.A. and Angelus S.A., 4 companies, were excluded from the scope of consolidation because they were absorbed by Manufacture La Joux-Perret S.A., a consolidated subsidiary of the Company. Citizen Yubari Co., Ltd. and Citizen Watch Kagoshima Co., Ltd., 2 companies, were excluded because they were absorbed by Citizen Watch Manufacturing Co., Ltd., a consolidated subsidiary of the Company. Citizen Financial Services Co., Ltd. was excluded because it was absorbed by the Company. Bulova de Mexico, S de R.L. de C.V. was excluded because it was absorbed by Citizen de Mexico S. DE R.L. DE C.V., and 西鉄城冠利鐘表(中国)有限公司 was excluded because it was liquidated.」
Nine companies were excluded from the scope of consolidation through absorption-type mergers and liquidation of watch-, finance- and overseas subsidiaries, leaving 84 consolidated subsidiaries. - FY2020-Q3AdvancedAnnual report
「In the Citizen Group Medium-Term Management Plan 2021 formulated in February 2019, the Group set out the selection and concentration of businesses and products in its device and Other Businesses. Based on this policy, as part of its structural reforms, the Board of Directors resolved at its meeting held on 26 December 2019 to liquidate a consolidated subsidiary and solicit applications for voluntary retirement from employees of domestic consolidated subsidiaries.」
The policy to liquidate consolidated subsidiaries and the resolution to solicit applications for voluntary retirement made the streamlining of the scope of consolidation and the organisation more concrete. - FY2020-Q2AdvancedAnnual report
「During the second-quarter consolidated accounting period, HESTIKA FRANCE S.A.S., formerly a non-consolidated subsidiary, was included in the scope of consolidation from the first-quarter consolidated accounting period because its materiality had increased. Citizen De Mexico, S.A. DE C.V. changed its corporate name to Citizen De Mexico, S. DE R.L. DE C.V. Number of consolidated subsidiaries after the changes: 86」
HESTIKA FRANCE S.A.S. was included in the scope of consolidation from the first quarter because its materiality had increased, bringing the number of consolidated subsidiaries after the changes to 86. - FY2020-Q1AdvancedAnnual report
「During the first-quarter consolidated accounting period, Prothor Holding S.A., Prototec S.A., Arnold & Son S.A. and Angelus S.A., 4 former consolidated subsidiaries of the Company, were excluded from the scope of consolidation because they were absorbed by Manufacture La Joux-Perret S.A., a consolidated subsidiary of the Company. Citizen Yubari Co., Ltd. and Citizen Watch Kagoshima Co., Ltd., 2 former consolidated subsidiaries, were excluded because they were absorbed by Citizen Watch Manufacturing Co., Ltd., a consolidated subsidiary of the Company. Citizen Financial Services Co., Ltd., a consolidated subsidiary of the Company, was excluded because it was absorbed by the Company. Number of consolidated subsidiaries after the changes: 85」
The scope of consolidation was streamlined through the absorption-type mergers of 7 companies, including watch- and finance-related companies, leaving 85 consolidated subsidiaries. - FY2019-Q3AdvancedAnnual report
「At the Board of Directors meeting held on 24 January 2019, the Company resolved to carry out, effective 1 April 2019, an absorption-type merger of its wholly owned subsidiary Citizen Financial Services Co., Ltd. (the “Merger”).」
The Company resolved to absorb its wholly owned subsidiary, the core company of the Group’s financial services business, effective 1 April 2019, with the aim of consolidating management resources and operating the organisation more efficiently. - FY2019-Q2AdvancedAnnual report
「During the second-quarter consolidated accounting period, 莱合有限公司 was excluded from the scope of consolidation because it was liquidated. Number of consolidated subsidiaries after the changes: 95」
莱合有限公司 was excluded from the scope of consolidation through liquidation in the second quarter, leaving 95 consolidated subsidiaries. - FY2018AdvancedAnnual report
「From the fiscal year under review, Kunohe Seimitsu Co., Ltd. was excluded from the scope of consolidation because its shares were transferred; On Time Co., Ltd. because it was absorbed by Citizen Retail Planning Co., Ltd., a consolidated subsidiary of the Company; Bulova U.K. Limited because it was absorbed by Citizen Watch United Kingdom, Limited, a consolidated subsidiary of the Company; and MIDI PILE S.A.S. because it was absorbed by TEMPLUS S.A.S., a consolidated subsidiary of the Company. Silver Kikaku Co., Ltd., Bulova Japan Co., Ltd., Silver Deken Co., Ltd., 西鉄城精密（広州）有限公司 and Citizen Systems (Shanghai) Co., Ltd. were excluded because they were liquidated.」
A total of 9 companies were excluded from the scope of consolidation through share transfers, mergers and liquidations, leaving 96 consolidated subsidiaries. - FY2018-Q3AdvancedAnnual report
「During the third-quarter consolidated accounting period, Bulova Japan Co., Ltd., Silver Deken Co., Ltd., 西鉄城精密（広州）有限公司 and Citizen Systems (Shanghai) Co., Ltd. were excluded from the scope of consolidation because they were liquidated. Number of consolidated subsidiaries after the changes: 98」
Four companies were excluded from the scope of consolidation through liquidation in the third quarter, leaving 98 consolidated subsidiaries. - FY2018-Q2First statedAnnual report
「During the first-quarter consolidated accounting period, On Time Co., Ltd., formerly a consolidated subsidiary, was excluded from the scope of consolidation because it was absorbed by Citizen Retail Planning Co., Ltd., a consolidated subsidiary of the Company. Kunohe Seimitsu Co., Ltd., also formerly a consolidated subsidiary, was excluded because its shares were transferred. During the second-quarter consolidated accounting period, Silver Kikaku Co., Ltd. was excluded from the scope of consolidation because it was liquidated. Number of consolidated subsidiaries after the changes: 102」
In the first quarter, a subsidiary merger and a share transfer were carried out, and in the second quarter, a company was liquidated, resulting in 102 consolidated subsidiaries.