Sponsorship Support for BRAND OFF and Absorption-Type Company Split
First written in FY2020-Q2. 1 of 3 entries say "Achieved", first in FY2020-Q3. Latest entry: FY2020.
0 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The Company Split was carried out on 3 December 2019.」
The annual results reconfirmed that the absorption-type company split transferring ブランドオフ's business to K－ブランドオフ had been carried out. - FY2020-Q3AchievedAnnual report
「At a meeting of the Board of Directors held on 25 October 2019, the company agreed to transfer 株式会社ブランドオフ (head office: 2-5-17 Shinkanda, Kanazawa, Ishikawa; the "Split Company") through an absorption-type company split (the "Company Split") to a group company newly established by the company under the name 株式会社Ｋ－ブランドオフ (head office: 2-5-17 Shinkanda, Kanazawa, Ishikawa; the "Successor Company"). The Company Split was carried out on 3 December 2019.」
The absorption-type company split transferring ブランドオフ's business to K－ブランドオフ was carried out on 3 December 2019, completing the implementation phase of the previously announced sponsorship support and business succession plan. - FY2020-Q2First statedAnnual report
「Having determined that integrating and making maximum use of the know-how, networks, customer bases and human resources that our company and BRAND OFF each possess in the brand resale industry would accelerate growth beyond what either company could achieve independently and contribute to further growth of our group, we decided to enter into the final agreement and other agreements with BRAND OFF concerning sponsor support by our group.」
The company has entered into a definitive agreement on sponsorship support and an absorption-type company split agreement with ブランドオフ, setting out for the first time a policy of integrating ブランドオフ's know-how, network, customer base and personnel to accelerate growth. It established the preparation company K－ブランドオフ on 11 October 2019, with the absorption-type company split scheduled to take effect on 3 December 2019.