Arteria Networks to Become a Consolidated Subsidiary in Connection with Its Listing
First written in FY2019-Q3. 1 of 3 entries say "Achieved", first in FY2019. Latest entry: FY2020-Q2.
No other company in this theme has enough history to compare yet.
- FY2020-Q2AdvancedAnnual report
「For アルテリア・ネットワークス株式会社 (Altera Networks Co., Ltd.; hereinafter, “ARTE”), acquired on 12 December 2018, the initial accounting for the business combination was completed during the second quarter of the current fiscal year.」
The initial accounting for the business combination was completed in the second quarter for ARTE, which was made a consolidated subsidiary following its listing. - FY2019AchievedAnnual report
「As the Company came to have effective control over ARTE, ARTE was made a consolidated subsidiary.」
The listing on 12 December 2018 resulted in effective control over Altera Networks and its consolidation as a subsidiary, and a gain of ¥17.661 billion was also recognized from remeasuring the fair value of the previously held interest. - FY2019-Q3First statedAnnual report
「On 12 December 2018, the common shares of アルテリア・ネットワークス株式会社 (Altera Networks Co., Ltd.; hereinafter, “ARTE”), in which the Company held 50% of the voting rights as an investment in a joint venture before the acquisition date, were newly listed on the First Section of the Tokyo Stock Exchange. In connection with the listing, the other parties that had joint control sold common shares of ARTE. As a result, the other parties’ voting rights declined and voting rights became widely dispersed, giving the Company effective control over ARTE. ARTE was therefore made a consolidated subsidiary.」
Following ARTE’s listing on 12 December 2018, the voting rights of the parties with joint control declined, giving Marubeni effective control, and ARTE was made a consolidated subsidiary. A gain of ¥17.661 billion was also recognized as a result of remeasuring the fair value of the previously held interest.