Altech (9972) · InitiativeSoftened
Establishment of a Joint Venture for the New Electricity Business and Expansion into China
First written in FY2021. 1 of 3 entries say "Restated". Latest entry: FY2024.
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Establishment of a Joint Venture for the New Electricity Business and Expansion into ChinaA theme 1 companies write about · 0 as a headwind · 0 as a tailwind
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- FY2024SoftenedAnnual report
「蘇州愛而泰可新電力有限公司, which was a consolidated subsidiary in the previous consolidated fiscal year, was liquidated during the current consolidated fiscal year and has therefore been excluded from the scope of consolidation.」
蘇州愛而泰可新電力有限公司, one of the companies involved in the expansion of the new power business in China, was liquidated during the current fiscal year and excluded from the scope of consolidation. Meanwhile, アルテック新電力株式会社 remains a consolidated subsidiary. - FY2022RestatedAnnual report
「アルテック新電力株式会社 (currently a consolidated subsidiary)」
The joint venture and Chinese subsidiary for the new power business have been maintained as consolidated subsidiaries, and the expansion into the new power business is continuing. - FY2021First statedAnnual report
「August 2021 Established Altech New Power Co., Ltd. (currently a consolidated subsidiary) as a joint venture with 鑫琪(蘇州)新能源科技有限公司 October 2021 Established 蘇州愛而泰可新電力有限公司 (currently a consolidated subsidiary) in China」
The establishment of a joint venture in August 2021 and a Chinese new power subsidiary in October of the same year explicitly disclosed the expansion into the new power business for the first time.