Meiji Shipping Group (9115) · InitiativeAchieved
Contribution in kind to a subsidiary on the assumption that the vessels will be flagged in Japan
First written in FY2022-Q2. 1 of 2 entries say "Achieved", first in FY2022. Latest entry: FY2022.
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In-kind contribution and transfer of vessels to a subsidiary for reflagging to JapanA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2022AchievedAnnual report
「Contribution in kind of ships and other assets by 東明汽船株式会社 (the Company's consolidated subsidiary) to エスティームマリタイムジャパン株式会社 (the Company's consolidated subsidiary)」
The full-year notes confirmed that the contribution in kind of ships and other assets carried out on 30 June 2021 was accounted for as a transaction under common control. The transfer was made on the assumption that the Panama-flagged ships would be registered in Japan, and the acquisition cost was ¥50 thousand. - FY2022-Q2First statedAnnual report
「The ships will be transferred by way of a contribution in kind to a subsidiary established to own ships, on the assumption that the currently Panama-flagged ships will be registered in Japan.」
On 30 June 2021, 東明汽船㈱ contributed ships and other assets in kind to エスティームマリタイムジャパン㈱. The transfer was made on the assumption that the currently Panama-flagged ships would be registered in Japan, and the acquisition cost was stated as ¥50 thousand.