特定子会社

English translation: specified subsidiary

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Japanese term or phrase:	特定子株式会社
English translation:	specified subsidiary
Entered by:	Eden Brandeis

20:06 May 16, 2002

Japanese to English translations [PRO]
Bus/Financial / Subsidiary Companies

Japanese term or phrase: 特定子会社

How would you translate this into English (wholly-owned subsidiary?)? Is there a way to differentiate this from 連結子会社 (consolidated subsidiary)? Many 連結子会社 are not 特定子会社.

Thanks.

Eden Brandeis KudoZ activity Questions: 25 (none open) Answers: 42
Local time: 17:59

specified subsidiary

Explanation:
I knew it had to do with the type of the ownership, in other words, the ratio of investment, and I finally found a reference.
It seems that 10% ownership is the threshold for becoming "specified subsidiary" from just an ordinary subsidiary.
Look under "Reason and the date of the change" at the bottom of the page in the document referred below.

So, Eden, it DOES have a meaning and it is pretty important to get it right, I think.

--------------------------------------------------
Note added at 2002-05-17 01:38:31 (GMT)
--------------------------------------------------

Here is a Canadian reference:
\"(c.5) for the purpose of paragraph 88(1)(c.4), a corporation is a specified subsidiary corporation of another corporation, at any time, where the other corporation holds, at that time, shares of the corporation

(i) that give the shareholder 90% or more of the votes that could be cast under all circumstances at an annual meeting of shareholders of the corporation, and

(ii) having a fair market value of 90% or more of the fair market value of all the issued shares of the capital stock of the corporation;\"

From:
http://lois.justice.gc.ca/en/I-3.3/61526.html

--------------------------------------------------
Note added at 2002-05-17 02:19:48 (GMT)
--------------------------------------------------

Here is a Canadian reference:
\"(c.5) for the purpose of paragraph 88(1)(c.4), a corporation is a specified subsidiary corporation of another corporation, at any time, where the other corporation holds, at that time, shares of the corporation

(i) that give the shareholder 90% or more of the votes that could be cast under all circumstances at an annual meeting of shareholders of the corporation, and

(ii) having a fair market value of 90% or more of the fair market value of all the issued shares of the capital stock of the corporation;\"

From:
http://lois.justice.gc.ca/en/I-3.3/61526.html

--------------------------------------------------
Note added at 2002-05-17 03:42:59 (GMT)
--------------------------------------------------

Here is a Canadian reference:
\"(c.5) for the purpose of paragraph 88(1)(c.4), a corporation is a specified subsidiary corporation of another corporation, at any time, where the other corporation holds, at that time, shares of the corporation

(i) that give the shareholder 90% or more of the votes that could be cast under all circumstances at an annual meeting of shareholders of the corporation, and

(ii) having a fair market value of 90% or more of the fair market value of all the issued shares of the capital stock of the corporation;\"

From:
http://lois.justice.gc.ca/en/I-3.3/61526.html

--------------------------------------------------
Note added at 2002-05-17 04:23:39 (GMT)
--------------------------------------------------

I have no idea why my note with the Canadian reference has been added 3 times, with 3 different timestamps - this is very strange... Of course, I added it only once.
????

Selected response from:

Katalin Horváth McClure
United States
Local time: 20:59

Grading comment

I would split the points among a few of the answerers in this question if I could. Thank you everyone for contributing.
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +3

specified subsidiary

Ad Timmering (X)

5 +1

specified subsidiary

Katalin Horváth McClure

4 +1

Specially designated subsidiary (for the purpose of taxation)

Roddy Stegemann

3 +1

"specific subsidiary" or "specified subsidiary"

eter2ty

specific subsidiary

Soonthon LUPKITARO(Ph.D.)

4 -1

Specified affiliated companies

Kaori Myatt

1 -1

special purpose company

Maynard Hogg

Discussion entries: 1

Answers

57 mins confidence:

peer agreement (net): +3

specified subsidiary

Explanation:

Innotech for one, lists "special subsidiary" where it has 特定子会社 in its Japanese page. (See Note 1, Reference 1&2).

Cybird calls the tokutei kogaisha a "specified subsidiary". (http://www.cybird.co.jp/english/profile/ir/data/20010725_tok...

Mitsubishi also goes with the "specified subsidiary". Check "http://www.mitsubishi.co.jp/En/investor/releases/press39.htm... at the entry on MI Berau B.V.

I would be inclined to go for the "specified subsidiary".

Hope this helps.

Reference: http://www.innotech.co.jp/english/ir/corporate/group.html
Reference: http://www.innotech.co.jp/ir/corporate/group.html

Ad Timmering (X)
Local time: 02:59
Native speaker of:

Dutch
PRO pts in pair: 36

3 hrs confidence:

peer agreement (net): +1

"specific subsidiary" or "specified subsidiary"

Explanation:
I agree to "specified", but I also found "specific subsidiary" is also frequently used.

eter2ty
Local time: 09:59
Native speaker of:

Japanese
PRO pts in pair: 8

4 hrs confidence:

peer agreement (net): -1

special purpose company

Explanation:
The URL below uses the literal translation 特定目的会社, and the Japanese TV ad uses SPC, so I don't know if this is relevant, but...

A special purpose company is an entity splitting off assets (real estate in the ad) or debts (in Enron's case) for accounting purposes.

Reference: http://www.kindai.or.jp/q&a1.html

Maynard Hogg
Canada
Local time: 17:59
Native speaker of: English
PRO pts in pair: 478

4 hrs confidence:

peer agreement (net): -1

Specified affiliated companies

Explanation:
I would translate like that...

Kaori Myatt
France
Local time: 02:59
Native speaker of:

Japanese
PRO pts in pair: 168

5 hrs confidence:

peer agreement (net): +1

specified subsidiary

Katalin Horváth McClure
United States
Local time: 20:59
Native speaker of:

Hungarian
PRO pts in pair: 435

Grading comment

I would split the points among a few of the answerers in this question if I could. Thank you everyone for contributing.

5 hrs confidence:

peer agreement (net): +1

Specially designated subsidiary (for the purpose of taxation)

Explanation:
I recommend a brief visit to Japan's National Tax Agency at

http://www.nta.go.jp/

After arriving type in the words '特定子会社'.

If my interpretation is correct, then 'specially desingated subsidiaries' are small and medium firms that have been spun-off from larger parent firms and are treated specially for the purpose of taxation.

In this context the term '特定新会社' is also applicable.

For the moment I haven't any more time. Perhaps it will encourage others who also have an interest in the Japan's corporate world.

--------------------------------------------------
Note added at 2002-05-17 05:10:05 (GMT)
--------------------------------------------------

Special note to MIYAGI Mikako:

Thanks for the great reference. No need to send an email either. Katalin gave me the reference I needed.

Unfortunately my Acrobat binoculars do not work when embedded in my Explorer browser, so I needed more.

Roddy Stegemann
United States
Local time: 17:59
Native speaker of:

English
PRO pts in pair: 153

Peer comments on this answer (and responses from the answerer)

agree

Indojin: Interesting!

18 mins

-> Thanks again. Indojin. At least it's not a copy of someone else's translation, eh?

agree

Kaori Myatt: good one.

56 mins

-> Thank you Kaori for your support.

neutral

eter2ty: http://www.jasdaq.co.jp/images/07_02_10.pdf　　see definition of "特定子会社"

1 hr

-> As the report is six pages long, could you please provide the paragraph and item number that I should examine. You can mail it to me at [email protected]. Thanks.

disagree

Katalin Horváth McClure: Specified subsidiaries indeed have a special tax treatment, but this is not the sole purpose of their existence. On the page Miyako refers to, there is the proper definition under 第19条第6項. You can search the pdf document, too (use the binoculars).

2 hrs

-> Yes, thank you for your further reference. It was very helpful. Still I prefer 'specially designated subsidiary' as an appropriate translation and label. I suppose it is a matter of taste. At least now we know the nature of the beast.

2 days 8 hrs confidence:

specific subsidiary

Explanation:
xxx

Soonthon LUPKITARO(Ph.D.)
Thailand
Local time: 07:59
Native speaker of: Thai
PRO pts in pair: 576

Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:

ProZ.com term search

Search millions of term translations

特定子会社

English translation: specified subsidiary

Answers

KudoZ™ translation help

Your current localization setting

Select a language

特定子会社

English translation: specified subsidiary

Answers

KudoZ™ translation help

You have native languages that can be verified

Your current localization setting

Select a language