Business alliance to continue after reducing capital ties with Riken Vitamin
First written in FY2016. 2 of 5 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024DroppedAnnual report
「February 2024: Termination of the capital and business alliance with RIKEN VITAMIN CO.,LTD.」
The Company changed from its previous status of continuing the business alliance after reducing its capital ties to terminating the capital and business alliance itself in February 2024. - FY2017AdvancedAnnual report
「As a result of the transaction, the Company's voting interest in RIKEN VITAMIN CO.,LTD. fell below 20%, and RIKEN VITAMIN CO.,LTD. ceased to be an affiliate.」
The Company sold 6.6 million shares of RIKEN VITAMIN CO.,LTD. at ¥3,700 per share, formally confirming the reduction in capital ties and the exclusion from equity-method affiliates. - FY2017-Q3RestatedAnnual report
「From the first quarter of the current fiscal year, RIKEN VITAMIN CO.,LTD. and 15 other companies, which had been equity-method affiliates through the previous consolidated fiscal year, were excluded from equity-method affiliates because their shares were sold.」
The exclusion of RIKEN VITAMIN CO.,LTD. and other companies from equity-method affiliates continued to be reported, confirming the ongoing status following the reduction in capital ties. - FY2017-Q1AdvancedAnnual report
「From the first quarter of the current fiscal year, RIKEN VITAMIN CO.,LTD. and 15 other companies, which had been equity-method affiliates through the previous consolidated fiscal year, were excluded from equity-method affiliates because their shares were sold.」
The sale of RIKEN VITAMIN CO.,LTD. shares was completed, and the company was excluded from equity-method affiliates. This confirmed the implementation stage of the reduction in capital ties while continuing the existing business alliance. - FY2016First statedAnnual report
「The Company has confirmed that, even after this tender offer is completed, the business alliance agreement will remain in place and the Company and RIKEN VITAMIN CO.,LTD. will continue their business alliance under the agreement.」
As a subsequent event, the Company sold 6,600,000 shares of RIKEN VITAMIN CO.,LTD., reducing its ownership percentage from 32.10% to 4.20%. RIKEN VITAMIN CO.,LTD. ceased to be an equity-method affiliate, but the business alliance continues.