Capital participation in Ryoyo Electro Corporation
First written in FY2019. 1 of 3 entries say "Achieved", first in FY2020-Q1. Latest entry: FY2021-Q2.
No other company in this theme has enough history to compare yet.
- FY2021-Q2ReframedAnnual report
「The company tendered its shares in RYOYO ELECTRO CORPORATION's tender offer for treasury shares on 31 August. Following the end of the tender offer period on 14 October, the sale of all shares tendered by the company was confirmed. Shares held before transfer: 7,016,400 shares (26.2% of total shares issued); shares transferred: 7,016,400 shares (26.2% of total shares issued); shares held after transfer: 0 shares (0.00% of total shares issued).」
Following the capital investment in RYOYO ELECTRO CORPORATION, the sale of all shares held through the tender offer was confirmed, and the ownership ratio fell from 26.2% to 0%. - FY2020-Q1AchievedAnnual report
「This includes ¥2,901 million equivalent to negative goodwill arising from the acquisition of shares in RYOYO ELECTRO CORPORATION and the application of the equity method.」
The capital investment in RYOYO ELECTRO CORPORATION was completed, making it an equity-method affiliate. The ¥2,901 million equivalent to negative goodwill arising from the acquisition was recognized as equity in earnings of affiliates. - FY2019First statedAnnual report
「At a meeting of the Board of Directors held on 13 May 2019, the company resolved to acquire 20% of the issued shares of Ryoyo Electro Corporation held by Simplex Asset Management Co., Ltd., and entered into a share transfer agreement on the same date.」
On 13 May 2019, a resolution was passed to acquire shares in RYOYO ELECTRO CORPORATION, and on 15 May a capital alliance was implemented through the acquisition of 5,360,000 shares, representing 21.89% of voting rights.