Contributing to the Local Community by Making Sanfrecce Hiroshima a Subsidiary
First written in FY2024-Q1. 1 of 3 entries say "Achieved", first in FY2024-Q2. Latest entry: FY2024-Q3.
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- FY2024-Q3RestatedAnnual report
「The Company subscribed for 500,000 of the 626,387 common shares issued by Sanfrecce Hiroshima Co., Ltd. through a third-party allotment and completed payment in September 2023. As a result, Sanfrecce Hiroshima Co., Ltd. became a consolidated subsidiary of the Company. The Company will continue to pursue the club’s growth and development together with local companies and fans to an even greater extent than before.」
The Company reconfirmed the completion of payment for the third-party allotment by Sanfrecce Hiroshima and its transition to consolidated subsidiary status, and described its policy of pursuing the club’s growth together with local companies and fans. - FY2024-Q2AchievedAnnual report
「The Company subscribed for 500,000 of the 626,387 common shares issued by Sanfrecce Hiroshima Co., Ltd. through a third-party allotment and completed payment in September 2023. As a result, Sanfrecce Hiroshima Co., Ltd. became a consolidated subsidiary of the Company.」
Regarding Sanfrecce Hiroshima’s third-party allotment, the Company completed payment in September 2023, raised its voting rights ratio from 46.96% to 76.10%, and made the club a consolidated subsidiary. It also stated its policy of pursuing the club’s growth and development together with local companies and fans. - FY2024-Q1First statedAnnual report
「Sanfrecce Hiroshima Co., Ltd., an equity-method affiliate of the Company, resolved at its extraordinary shareholders’ meeting held on 27 July 2023 to issue new shares through a third-party allotment, and the Company decided to subscribe for part of the issue. As a result of this acquisition, Sanfrecce Hiroshima Co., Ltd. will become a consolidated subsidiary of the Company.」
The Company planned to subscribe for ¥1.5 billion of Sanfrecce Hiroshima’s third-party allotment, raising its voting rights ratio from 46.96% to 76.10% with 30 September 2023 as the scheduled date, and making the club a consolidated subsidiary. The objective is to promote the development of a community-based club and increase Group value through activities involving the local community.