Valqua (7995) · InitiativeRestated
Equity Investment in and Conversion of 吉思愛（上海）工程塑料加工有限公司 into a Subsidiary
First written in FY2017-Q3. 1 of 2 entries say "Restated". Latest entry: FY2017.
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Gain on negative goodwill from the acquisition and consolidation of 吉思愛（上海）工程塑料加工有限公司A theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2017RestatedAnnual report
「During the consolidated fiscal year, the Company acquired more than half of the equity interests in 吉思愛（上海）工程塑料加工有限公司 and VALQUA NGC,Inc., and included both companies within the scope of consolidation.」
The annual financial statements also confirm that 吉思愛（上海）工程塑料加工有限公司 became a consolidated subsidiary following the acquisition of a majority interest. - FY2017-Q3First statedAnnual report
「During the cumulative third quarter consolidated period, the Company made a new investment in 吉思愛（上海）工程塑料加工有限公司, which operates the Functional Resin Products Business, and it became a subsidiary. The gain on the bargain purchase recognized in connection with this event was ¥63 million for the cumulative third quarter consolidated period.」
The Company made a new investment in a Shanghai-based company operating the Functional Resin Products Business and made it a consolidated subsidiary. In connection with this, it recognized a ¥63 million gain on a bargain purchase.