アダコテック Becoming an Equity-Method Affiliate Through a Third-Party Allotment Capital Increase
First written in FY2019-Q3. 1 of 3 entries say "Restated". Latest entry: FY2021-Q1.
The whole theme swung hardest in 2020: 1 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2021-Q1DroppedAnnual report
「From the current first quarter consolidated accounting period, ㈱アダコテック has been excluded from the scope of the equity method because it ceased to be an affiliate under the criterion of significant influence.」
Adacotech ceased to be an affiliate under the criterion of significant influence and was excluded from the scope of the equity method. - FY2020-Q1RestatedAnnual report
「㈱アダコテック, which had been included in the "Other" business segment not included in the reportable segments, was excluded from the scope of consolidation. Accordingly, the "Other" category has been discontinued from the current first quarter cumulative consolidated period.」
The disclosure continues to state that, after Adacotech was moved from a consolidated subsidiary to an equity-method affiliate, it was excluded from the scope of consolidation and the "Other" category was consequently discontinued. - FY2019-Q3First statedAnnual report
「㈱アダコテック was moved from a consolidated subsidiary to an equity-method affiliate because its voting interest declined after it conducted a third-party allotment to outside investors in June 2019 and converted some of its common shares, including those held by the Company, into non-voting shares.」
Adacotech's voting interest declined following a third-party allotment and the conversion of some shares into non-voting shares, and it was moved from a consolidated subsidiary to an equity-method affiliate.