Deconsolidation of Suzhou Subsidiary and Establishment of Huajian Footwear Co., Ltd.
First written in FY2025-H1. 1 of 2 entries say "Advanced", first in FY2025. Latest entry: FY2025.
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- FY2025AdvancedAnnual report
「蘇州麗格皮革制品有限公司 established 華健靴業有限公司, in which it holds a 40% equity interest, and transferred most of its business to it. As a result, because the significance of 蘇州麗格皮革制品有限公司 declined, it was excluded from the scope of consolidation from the current consolidated fiscal year and classified as an unconsolidated subsidiary accounted for under the equity method. 華健靴業有限公司 was included among affiliates accounted for under the equity method.」
The Suzhou subsidiary established 華健靴業有限公司 through a 40% in-kind capital contribution and transferred most of its business to it. As a result, the Suzhou subsidiary was excluded from consolidation, while 華健靴業有限公司 became an affiliate accounted for under the equity method. - FY2025-H1First statedAnnual report
「Our overseas subsidiary 蘇州麗格皮革制品有限公司 established 華健靴業有限公司, in which it holds a 40% equity interest, and transferred its main business to the new company. As a result, because the significance of 蘇州麗格皮革制品有限公司 declined, it was excluded from the scope of consolidation from the current interim consolidated accounting period and classified as an unconsolidated subsidiary accounted for under the equity method. 華健靴業有限公司 was included among affiliates accounted for under the equity method.」
蘇州麗格皮革制品有限公司 established 華健靴業有限公司 and transferred the business to it. As a result, the Suzhou subsidiary was excluded from consolidation and changed to an unconsolidated subsidiary accounted for under the equity method, while 華健靴業有限公司 became an affiliate accounted for under the equity method. There are now 13 consolidated subsidiaries and 2 affiliates accounted for under the equity method.