Exclusion from Equity-Method Accounting Following the Transfer of All Shares in 新光硝子工業株式会社
First written in FY2022-Q1. 1 of 2 entries say "Achieved", first in FY2022-Q2. Latest entry: FY2022-Q2.
The whole theme swung hardest in 2026: 1 of 8 companies on the "Worse" side.
26 other companies' latest entry also says "Achieved".
- FY2022-Q2AchievedAnnual report
「新光硝子工業株式会社, formerly an equity-method affiliate, was removed from the scope of the equity method during the current second quarter of the consolidated fiscal year because all of its shares held by the Company were sold.」
The sale of all shares of 新光硝子工業株式会社, for which the resolution and execution of the agreement were disclosed in the previous quarter, was completed, and the company was removed from the scope of the equity method in the current second quarter. - FY2022-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 1 October 2021, the Company resolved to transfer all shares of 新光硝子工業株式会社, its equity-method affiliate, and entered into a share transfer agreement on the same date. As a result, 新光硝子工業株式会社 will cease to be an equity-method affiliate of the Company.」
It discloses the subsequent event in which all 20,000 shares of 新光硝子工業株式会社, formerly an equity-method affiliate, representing a 20.0% ownership interest, were transferred to ICHINEN HOLDINGS CO.,LTD. for ¥284 million on 1 October 2021, removing the company from the scope of the equity method.