Restructuring of the Packaging Materials Business through the Sale of フジエース
First written in FY2020-Q3. 1 of 3 entries say "Achieved", first in FY2020. Latest entry: FY2021-Q2.
34 other companies' latest entry also says "Restated".
- FY2021-Q2RestatedAnnual report
「On 5 February 2020, we entered into an agreement to transfer all shares held by our Group in Fuji Ace Co., Ltd. (FA), a Thai company engaged in the manufacture and sale of packaging materials and a consolidated subsidiary of ours, representing 51% of its total issued shares, to FUJI SEAL INTERNATIONAL,INC. and others. The shares were transferred on 6 March 2020.」
The transfer of all 51% of the shares held in Fuji Ace was completed on 6 March 2020, and the company reconfirmed the classification of the packaging materials business as a discontinued operation. - FY2020AchievedAnnual report
「Control of Fuji Ace was lost in March 2020, and its packaging materials business was classified as a discontinued operation. Accordingly, both Fuji Ace and the packaging materials business have been removed from the table.」
Control of Fuji Ace was lost and the packaging materials business was classified as a discontinued operation in March 2020, advancing the restructuring of the packaging materials business. - FY2020-Q3First statedAnnual report
「On 31 January 2020, we agreed to enter into an agreement to transfer all shares held by our Group in Fuji Ace Co., Ltd. (FA), a Thai company engaged in the manufacture and sale of packaging materials and a consolidated subsidiary of ours, to FUJI SEAL INTERNATIONAL,INC. The shares represent 51% of FA's total issued shares. The consideration for the transfer is expected to be cash of THB 1,244 million (¥4,354 million*). As it became certain that control of FA would be lost during the fourth quarter of fiscal 2019, we plan to classify FA as a discontinued operation.」
An agreement was reached on 31 January 2020 to transfer all shares held in FA, representing 51% of its total issued shares, and the company indicated plans to classify FA as a discontinued operation after losing control in the fourth quarter of fiscal 2019.