Expected recognition of non-operating income, etc., in connection with the dissolution and liquidation of an equity-method affiliate
TSH Birdsboro LLC (the Company’s equity-method affiliate)
U.S. gas-fired power generation business (Birdsboro Power, LLC)
This is because SBL transferred all of its equity interest in Birdsboro Power, LLC to Strategic PPAV, LLC, ending TSH’s business activities.
Fiscal year ending March 2027
The impact on the Company’s consolidated results for the fiscal year ending March 2027 is currently under review in detail. The Company will promptly disclose any matters that should be disclosed.
Related procedures
Dissolution and liquidation procedures under U.S. law
Company response
TSH’s business activities (investment in the U.S. power generation business)
The Company will proceed with the procedures required for dissolution under U.S. law, after which the liquidation is expected to be completed. Completion of the liquidation is expected in 2027. TSH is expected to be removed from the Company’s equity-method affiliates, and the Company expects to recognize non-operating income, etc.
The Company will promptly disclose any matters that should be disclosed.
| Item | Details |
|---|---|
| Event name | Expected recognition of non-operating income, etc., in connection with the dissolution and liquidation of an equity-method affiliate |
| Date of occurrence | 23 October 2026 (the date on which the Company’s Board of Directors resolved to dissolve and liquidate the entity) |
| Date recognized / date notice received | 23 October 2026 (the date on which the Company’s Board of Directors resolved to dissolve and liquidate the entity) |
| Subject Entity | TSH Birdsboro LLC (the Company’s equity-method affiliate) |
| Target Locations / Products | U.S. gas-fired power generation business (Birdsboro Power, LLC) |
| Cause | This is because SBL transferred all of its equity interest in Birdsboro Power, LLC to Strategic PPAV, LLC, ending TSH’s business activities. |
| Accounting period in which recognized | Fiscal year ending March 2027 |
| Impact on Earnings Forecast | The impact on the Company’s consolidated results for the fiscal year ending March 2027 is currently under review in detail. The Company will promptly disclose any matters that should be disclosed. |
| Type of litigation or proceeding | Dissolution and liquidation procedures under U.S. law |
| Suspended operations | TSH’s business activities (investment in the U.S. power generation business) |
| Outlook | The Company will proceed with the procedures required for dissolution under U.S. law, after which the liquidation is expected to be completed. Completion of the liquidation is expected in 2027. TSH is expected to be removed from the Company’s equity-method affiliates, and the Company expects to recognize non-operating income, etc. |
| Planned follow-up disclosure | The Company will promptly disclose any matters that should be disclosed. |
Items this document does not state (13)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.This is because TSH’s business activities ended after SBL transferred all of its equity interest in Birdsboro Power, LLC.