Transfer of GREE International and optimization of overseas operations
First written in FY2016. 4 of 8 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2021-Q3.
57 other companies' latest entry also says "Achieved".
- FY2021-Q3AchievedAnnual report
「GREE Germany GmbH was excluded from the scope of consolidation because its liquidation had been completed.」
Regarding the optimization of overseas locations and subsidiaries, the completion of the liquidation of GREE Germany GmbH and its exclusion from the scope of consolidation have been confirmed. - FY2020-Q2AdvancedAnnual report
「Fantasy Legend Studios, Inc. was excluded from the scope of consolidation from the current second-quarter consolidated accounting period because its liquidation had been completed.」
The completed liquidation of overseas subsidiary Fantasy Legend Studios was additionally disclosed as its exclusion from the scope of consolidation, providing a specific example of the reorganization of overseas locations and subsidiaries. - FY2019AchievedAnnual report
「GREE OCEANIA PTY LIMITED and GREE MELBOURNE PTY LIMITED were excluded from the scope of consolidation because their liquidations had been completed.」
Regarding the reorganization of overseas subsidiaries, the completion of the liquidations of GREE OCEANIA and GREE MELBOURNE and their exclusion from the scope of consolidation have been confirmed. - FY2018AchievedAnnual report
「Liquidation of US subsidiary GREE International Entertainment, Inc.」
Regarding the reorganization of overseas locations and subsidiaries, the completion of the liquidation of GREE International Entertainment has been confirmed from the corporate history and disclosures on the scope of consolidation. - FY2018-Q1AdvancedAnnual report
「During the current first-quarter cumulative consolidated period, a provision for business restructuring losses was recognized in connection with gains from the management of investment partnerships and the reorganization of overseas subsidiaries.」
A ¥212 million provision for business restructuring losses associated with the reorganization of overseas subsidiaries was recognized, indicating that the reorganization of overseas locations and subsidiaries, which began in the previous fiscal year, is continuing. - FY2017AdvancedAnnual report
「The ¥1,688 million provision for business restructuring losses consists of special retirement payments and other costs associated with closing overseas locations.」
In connection with the optimization of overseas locations, a ¥1,688 million provision was recognized for special retirement payments and other costs associated with closing locations. - FY2017-Q1AdvancedAnnual report
「During the current first-quarter consolidated accounting period, GREE International Entertainment, Inc. was newly established and スマートシッター株式会社 was included in the scope of consolidation because it had become material. Funzio, Inc. was excluded from the scope of consolidation because it was absorbed by GREE International, Inc.; GREE International, Inc. was excluded following the sale of its shares; and GREE Korea Inc. was excluded because its liquidation had been completed.」
The transfer of shares in GREE International decided in the previous fiscal year was reflected as its exclusion from the scope of consolidation, while GREE International Entertainment was newly established to reorganize the overseas business structure. - FY2016First statedAnnual report
「We decided to transfer the shares in order to capture further growth opportunities in the European and US markets and improve cost efficiency across the business as a whole and optimize operations among our locations.」
On 16 August 2016, the company decided to transfer all shares of GREE International. It stated that it would continue its overseas business by transferring certain operations to GREE International Entertainment. The sale price was USD 6 million.