noun
consolidated subsidiary
A subsidiary whose financial statements are included in the consolidated financial statements of the parent company, typically when the parent holds a majority of voting rights.
当社は、連結子会社を含めたグループ全体の業績を開示しています。
Our company discloses the performance of the entire group, including consolidated subsidiaries.
Compound of 連結 (consolidation) + 子会社 (subsidiary). A modern business term derived from accounting and corporate law.