Respect for the Independence of Listed Subsidiaries and Governance Improvements
First written in FY2021-Q2. 3 of 5 entries say "Reframed", first in FY2023. Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1ReframedAnnual report
「The company was delisted from the Tokyo Stock Exchange Standard Market on 28 March of the same year and became our wholly owned subsidiary on 1 April of the same year upon the share sale demand taking effect. As a result, our group eliminated the parent-subsidiary listings structure and will pursue the maximization of group profits.」
Following Pressance's delisting and conversion into a wholly owned subsidiary, the structure shifted from the previous model, premised on respecting the independence of listed subsidiaries, to one aimed at eliminating the parent-subsidiary listings structure and maximizing group profits. - FY2024-Q2ReframedAnnual report
「Meldia DC is to receive funding from Pressance and plans to conduct a share repurchase of the shares of 株式会社メルディア held by Meldia DC. As a result, our voting interest in Meldia DC is expected to be 70.94%, including indirectly held shares. Meldia DC's common shares became subject to the delisting criteria stipulated in the Tokyo Stock Exchange's Securities Listing Regulations as a result of the resolution on the share consolidation described above, and were delisted on 24 April 2024.」
Meldia DC was delisted following additional acquisitions by Pressance and a share consolidation. The previous issue of the listed subsidiary's independence and governance has shifted to a structure involving the delisting of the subject company. - FY2023ReframedAnnual report
「Pressance, which became a consolidated subsidiary in January 2021, and Meldia DC Co., Ltd., which became a consolidated sub-subsidiary in October 2023, remain listed. Accordingly, we must respect the management independence of both companies while, as their parent company, pursuing synergies with them and encouraging improvements and enhancements to their corporate governance and internal control systems.」
The policy of respecting the independence of listed subsidiaries and pursuing synergies and governance improvements was extended from Pressance to Meldia DC as well. - FY2021RestatedAnnual report
「We must respect Pressance's management independence while, as its parent company, pursuing synergies with Pressance and encouraging improvements and enhancements to its corporate governance and internal control systems.」
We continue to respect the independence of listed subsidiary Pressance while, as its parent company, pursuing synergies and governance improvements. - FY2021-Q2First statedAnnual report
「We must respect Pressance's management independence while, as its parent company, pursuing synergies with Pressance and encouraging improvements and enhancements to its corporate governance and internal control systems.」
Following the addition of Pressance as a consolidated subsidiary, a new management stance was presented: respect the independence of the listed subsidiary while, as its parent company, pursuing synergies and encouraging improvements to governance and internal control systems.