Deconsolidation of クロスチェック and Conversion to an Equity-Method Affiliate
First written in FY2017-Q1. 2 of 4 entries say "Achieved", first in FY2017. Latest entry: FY2019.
The whole theme swung hardest in 2020: 1 of 6 companies on the "Worse" side.
4 other companies' latest entry also says "Achieved".
- FY2019AchievedAnnual report
「株式会社クロスチェック was excluded from the scope of equity-method accounting following the partial sale of its shares.」
The exclusion of クロスチェック from the scope of equity-method accounting following the partial sale of its shares was also confirmed in the annual report. - FY2019-Q1AdvancedAnnual report
「During the first quarter, 株式会社スターティア, the Company’s consolidated subsidiary, transferred part of its shares in 株式会社クロスチェック. As a result, 株式会社クロスチェック was excluded from the scope of equity-method accounting.」
Following its conversion to an equity-method affiliate, クロスチェック additionally transferred part of its shares and was excluded from the scope of equity-method accounting. - FY2017AchievedAnnual report
「Because the Company’s equity interest in 株式会社クロスチェック declined from 100.0% to 42.31% following the issuance of new shares through a third-party allotment and a share transfer for which the consideration received consisted solely of cash, the company changed to an equity-method affiliate.」
The annual report confirms that クロスチェック has already been excluded from consolidation and converted to an equity-method affiliate. - FY2017-Q1First statedAnnual report
「Because the Company’s equity interest in 株式会社クロスチェック declined from 100.0% to 42.31% following the issuance of new shares through a third-party allotment and a share transfer for which the consideration received consisted solely of cash, the company changed to an equity-method affiliate.」
Through a third-party allotment by クロスチェック and the partial transfer of its shares, the Company reduced its equity interest from 100% to 42.31% and changed the company from a consolidated subsidiary to an equity-method affiliate. The measures were intended to concentrate resources on the core IT business and allow the company to accept external capital.