Acquisition and Full Subsidiarization of Veritas Investment
First written in FY2018-Q1. 2 of 5 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2024-Q2.
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- FY2024-Q2AdvancedAnnual report
「Effective 27 December 2023, the Company carried out an absorption-type merger in which its consolidated subsidiary Veritas Investment Co., Ltd. was the surviving company and VISION, formerly a consolidated subsidiary of the Company, was the absorbed company.」
VISION was absorbed into Veritas Investment, the surviving company, thereby streamlining and integrating the subsidiary structure within the property sales and purchase DX Invest business. - FY2019-Q1RestatedAnnual report
「The development and sale of newly built designer condominiums by Veritas Investment Co., Ltd., which joined the Group in the previous fiscal year, have remained strong and are making a significant contribution to revenue growth in the Invest business.」
The Group has reconfirmed that the development and sale of newly built designer condominiums by Veritas, acquired and made a wholly owned subsidiary in the previous fiscal year, have remained strong and are contributing to revenue growth in the Invest business. - FY2018AchievedAnnual report
「Voting rights held immediately after acquisition: —%\nVoting rights acquired on the business combination date: 100%\nVoting rights held after acquisition: 100%」
The acquisition of Veritas Investment and the simplified share exchange were completed, and Veritas was included in the full-year consolidated results as a wholly owned subsidiary with 100% of voting rights. - FY2018-Q2AdvancedAnnual report
「From the second quarter of the current fiscal year, 株式会社ヴェリタス・インベストメント and its 2 subsidiaries, which were newly acquired, have been included in the scope of consolidation.」
Veritas and its 2 subsidiaries became consolidated subsidiaries from the second quarter. The acquisition increased assets in the Invest business by ¥7,028 million and goodwill by ¥1,267 million. Integration into the consolidated business progressed after Veritas became a wholly owned subsidiary. - FY2018-Q1First statedAnnual report
「On 6 October 2017, upon completion of payment, the Company acquired shares in Veritas Investment Co., Ltd. (hereinafter, "Veritas"), representing 98.5% of voting rights. Veritas became a wholly owned subsidiary upon the share exchange taking effect on 24 October 2017.」
The Company disclosed that, after acquiring shares representing 98.5% of voting rights for ¥3,450 million in cash, it made Veritas a wholly owned subsidiary through a simplified share exchange. Veritas develops, sells, leases, manages and brokers designer condominiums for investment purposes.