Making Minami-Osaka Electronic Computing Center a Wholly Owned Subsidiary through a Share Exchange
First written in FY2018. 1 of 4 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023RestatedAnnual report
「Beginning with the current consolidated fiscal year, the Company began consolidating the income statement of 株式会社シナジー, which became a wholly owned subsidiary in July 2022.」
Full-year consolidation of シナジー's income statement began after it became a wholly owned subsidiary, contributing to the performance of the government cloud business. - FY2019-Q3AchievedAnnual report
「The Company completed the acquisition of the shares on 1 October 2019 and the share exchange on 2 October 2019. As a result, MCC became a wholly owned subsidiary.」
Regarding 南大阪電子計算センター, the share acquisition was completed on 1 October 2019 and the share exchange on 2 October 2019, completing the process of making it a wholly owned subsidiary. The acquisition price was ¥2,382 million, and 320,331 shares were issued in the share exchange. - FY2019-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 13 February 2019, the Company resolved to acquire some of the shares of 株式会社南大阪電子計算センター, hereinafter “MCC,” from their holders and conduct a share exchange under which the Company would be the wholly owning parent company and MCC would be the wholly owned subsidiary. The Company entered into the share exchange agreement.」
Regarding the MCC integration, the process had advanced through approval at both companies’ general meetings of shareholders, in addition to the Board resolution and execution of the agreement. The transfer of shares was scheduled for 1 October 2019, and the share exchange was scheduled to take effect on 2 October. The cash consideration for the acquisition of 70,293 shares was ¥2,382 million, and the ownership ratio after the acquisition was 87.87%. - FY2018First statedAnnual report
「At a meeting of the Board of Directors held on 13 February 2019, the Company resolved to acquire some of the shares of 株式会社南大阪電子計算センター from their holders and conduct a share exchange under which the Company would be the wholly owning parent company and 株式会社南大阪電子計算センター would be the wholly owned subsidiary. The Company entered into the share exchange agreement on the same date. The share exchange was approved at the Company's annual general meeting of shareholders held on 27 March 2019.」
The Company planned to make 南大阪電子計算センター a wholly owned subsidiary in October 2019 through a partial acquisition of its shares and a share exchange. The process had advanced through the Board resolution, execution of the agreement, and approval at the annual general meeting of shareholders.