Improving Asset Efficiency and Strengthening Financial Position Through the Transfer of All Shares in 日伯紙パルプ資源開発
First written in FY2021-Q2. 1 of 2 entries say "Achieved", first in FY2022. Latest entry: FY2022.
4 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「Primarily due to the sale of shares in 日伯紙パルプ資源開発株式会社.」
The sale of shares in 日伯紙パルプ資源開発株式会社 was confirmed to have been executed during the previous consolidated fiscal year. - FY2021-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 12 November 2020, the Company decided to enter into an agreement concerning the repurchase of treasury shares under which it would transfer all shares it held in 日伯紙パルプ資源開発株式会社, and completed execution of the transfer agreement on the same date. The share transfer is scheduled to be executed after 日伯紙パルプ資源開発株式会社 completes the prescribed procedures, including an extraordinary general meeting of shareholders, and all other conditions are satisfied. (1) Reason for transfer: To improve asset efficiency and strengthen the financial position (4) Timing of transfer: During the fiscal year ending March 2021 (5) Gain on sale: Approximately ¥4 billion」
The Company entered into an agreement to transfer all shares it held in 日伯紙パルプ資源開発株式会社 and expects to execute the transfer during the fiscal year ending March 2021, generating a gain on sale of approximately ¥4 billion, with the aim of improving asset efficiency and strengthening its financial position.