Reducing the equity interest in W TOKYO toward independence and listing
First written in FY2019. 2 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「W TOKYO Co., Ltd. 54,500 370,000 We hold the shares to maintain and strengthen the business relationship.」
The number of W TOKYO shares held decreased from 370,000 shares in the previous fiscal year to 54,500 shares, indicating further progress in reducing the equity interest after the listing. - FY2023AdvancedAnnual report
「The company is expected to list on the Tokyo Stock Exchange on 29 June 2023. We are expected to sell part of our holdings in the company and record a ¥164.100 million gain on the sale of investment securities as extraordinary income in the first quarter of the fiscal year ending March 2024.」
W TOKYO's policy of becoming independent and pursuing a listing has advanced to the specific stage of an expected listing on 29 June 2023, together with an offering of 60,000 shares and a reduction in the equity interest. - FY2019First statedAnnual report
「As W TOKYO plans to pursue a listing on the Tokyo Stock Exchange, we need to reduce our equity interest over the medium to long term in order to increase its independence and accelerate management toward the listing.」
The company has for the first time explicitly stated its policy of reducing its equity interest in order to increase W TOKYO's independence and management speed toward its listing.