Making 軽米西ソーラー a Consolidated Subsidiary and Increasing the Equity Stake
First written in FY2020-Q1. 2 of 2 entries say "Achieved", first in FY2020-Q1. Latest entry: FY2021-Q2.
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- FY2021-Q2AchievedAnnual report
「In July 2020, we additionally acquired interests in our consolidated subsidiary, the 軽米西ソーラー匿名組合事業, bringing our ownership interest to 100.0%.」
In July 2020, the company's ownership interest in 軽米西ソーラー increased from 51.0% to 100.0% through an additional acquisition, resulting in full ownership. - FY2020-Q1AchievedAnnual report
「In July 2019, after the end of the first quarter of the current fiscal year, we additionally acquired an interest in the 軽米西ソーラー匿名組合事業, an equity-method affiliate. As a result, our ownership interest in the 軽米西ソーラー匿名組合事業 increased from 38.0% to 51.0%, and we consolidated it as a subsidiary. Under the memorandum of understanding concerning the transfer of anonymous partnership interests and other interests in 合同会社軽米西ソーラー, we have the right, after completion of the power plant, to progressively acquire additional anonymous partnership interests held by the other investors, or joint sponsors. Exercising all of these rights requires a period of 2 years from completion of the power plant.」
In July 2019, the company's ownership interest in 軽米西ソーラー increased from 38.0% to 51.0% through an additional acquisition, and the entity became a consolidated subsidiary. The company also disclosed its right to progressively acquire the joint sponsors' interests after completion of the power plant, with 2 years required to exercise all such rights.