Return of Capital Through the Sale of Shares Following an Investee Company’s IPO
First written in FY2018. 5 of 10 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2024.
1 other company's latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「Recruit Holdings Co.,Ltd. 1,000,000 5,355,000 (Purpose of holding) To maintain and strengthen the business relationship」
The company reduced its holdings of Recruit Holdings Co.,Ltd. shares from 5.355 million shares in the previous fiscal year to 1 million shares and recovered ¥25,249 million of capital through sales during the fiscal year. - FY2022AchievedAnnual report
「Recruit Holdings Co.,Ltd. 5,355,000 10,710,000 (Purpose of holding) To maintain and strengthen the business relationship」
The company reduced its holdings of Recruit Holdings Co.,Ltd. shares from 10.71 million shares in the previous fiscal year to 5.355 million shares, recording ¥24,531 million in proceeds from the sale of shares and recovering capital. - FY2022-Q3AdvancedAnnual report
「Number of shares to be tendered: 5,355,000 shares Purchase price: ¥4,581 per share Total sale proceeds: ¥24,531 million (assuming all shares tendered by the company are purchased)」
The company plans to tender part of its holdings in Recruit Holdings Co.,Ltd.’s share buyback tender offer and recover ¥24,531 million of capital if all the shares are purchased. - FY2020AdvancedAnnual report
「Gains on sales of investment securities totaled ¥14,687 million, mainly as a result of the company’s sale of shares in Recruit Holdings Co.,Ltd. and other companies,」
Following the sale of Mercari shares, the company recorded ¥14,687 million in gains on sales of investment securities from the sale of shares in Recruit Holdings Co.,Ltd. and other companies, and continues to recover invested capital. - FY2020-Q3AdvancedAnnual report
「Although gains on the sale of investment securities increased by ¥14.115 billion as a result of selling shares in Recruit Holdings Co., Ltd. and other companies during the current fiscal year,」
The increase in gains on sales of investment securities from the sale of shares in Recruit Holdings Co.,Ltd. and other companies has also been confirmed for the nine months ended Q3, and the company continues to recover capital through share sales. - FY2020-Q2AdvancedAnnual report
「Although gains on the sale of investment securities increased by ¥14.088 billion as a result of selling shares in Recruit Holdings Co., Ltd. and other companies during the current fiscal year,」
In addition to the sale of Mercari,Inc. shares, the company recorded gains on the sale of investment securities from the sale of shares in Recruit Holdings Co., Ltd. and other companies, broadening the scope of capital recovery through share sales. - FY2020-Q1Cited as achievedAnnual report
「Although the core businesses expanded steadily, gross profit decreased by ¥6.839 billion from the same period of the previous year to ¥72.438 billion, down 8.6%, due in part to a substantial decrease in the gain on the sale of Mercari,Inc. shares by consolidated subsidiary UNITED,Inc.」
The company stated that, regarding the sale of Mercari,Inc. shares carried out in the previous fiscal year, the decrease in the gain on sale became a factor in the year-on-year decline in gross profit in the first quarter under review. - FY2019-Q3Cited as achievedAnnual report
「In addition, partly due to the impact of the sale of shares in the investee Mercari,Inc. by consolidated subsidiary UNITED,Inc. during the first quarter, net sales increased 10.0% year on year to ¥1,054.455 billion.」
The sale of Mercari,Inc. shares was again cited as one of the factors behind the increase in net sales for the nine months ended in the third quarter. - FY2019-Q1Cited as achievedAnnual report
「In addition, partly due to the impact of the sale of shares in the investee Mercari,Inc. by consolidated subsidiary UNITED,Inc. during the first quarter under review, net sales increased 7.5% year on year to ¥323.870 billion.」
The company again cited the sale of Mercari,Inc. shares carried out in the previous fiscal year as one of the factors behind the increase in net sales in the first quarter. - FY2018First statedAnnual report
「UNITED,Inc. participated as one of the selling shareholders in connection with the listing of Mercari,Inc. with the aim of increasing the flexibility of resource allocation by realizing a capital gain, and sold part of its holdings in Mercari,Inc. Number of shares sold: 4,500,000 shares; sale price: ¥12.892 billion; sale date: 19 June 2018」
In connection with the listing of the investee Mercari,Inc., UNITED,Inc. sold 4,500,000 shares for ¥12.892 billion and stated its aim of increasing the flexibility of resource allocation.