Making URE a Consolidated Subsidiary and Strengthening the Biomass Power Generation Operating Structure
First written in FY2018-Q2. 2 of 3 entries say "Cited as achieved", first in FY2018-Q3. Latest entry: FY2018-Q4.
No other company in this theme has enough history to compare yet.
- FY2018-Q4Cited as achievedAnnual report
「In July 2017, 千秋ホールディングス株式会社, a consolidated subsidiary of the company, came to hold more than half of the voting rights in ユナイテッドリニューアブルエナジー株式会社, which was reclassified from an equity-method affiliate to a consolidated subsidiary as of the end of the first quarter of the consolidated fiscal year.」
The company reiterates URE's consolidation as a completed organizational restructuring. - FY2018-Q3Cited as achievedAnnual report
「In July 2017, the company came to hold more than half of the voting rights in ユナイテッドリニューアブルエナジー株式会社 and reclassified it from an equity-method affiliate to a consolidated subsidiary as of the end of the first quarter of the consolidated fiscal year. The company's results of operations have been reflected in the group's consolidated income statement since the second quarter of the current consolidated fiscal year.」
On the premise that URE became a consolidated subsidiary in July 2017, the company reports that URE's results of operations were reflected in consolidated results from the second quarter. - FY2018-Q2AchievedAnnual report
「As a result of this company split, 千秋HD came to directly hold 69.2% of URE, and as a result of this share transfer, the company came to hold 51.0% of the shares of 千秋HD. Accordingly, 千秋HD became a consolidated subsidiary of the company, while URE, previously an equity-method affiliate of the company, became a consolidated subsidiary (a second-tier subsidiary) of the company. These changes are collectively referred to below as the "consolidation of the subsidiaries."」
On 7 July 2017, 千秋ホールディングス was established through a joint incorporation-type company split. After acquiring a 6.6% interest from ユナイテッド計画 for ¥94 million, the company came to hold 51.0% of 千秋HD and consolidated it as a subsidiary, making URE a consolidated subsidiary (a second-tier subsidiary). The main reasons cited were to strengthen URE's operating and management structure, increase its commitment to Akita Prefecture and accumulate expertise in biomass power generation.