Deconsolidation Following the Transfer of グラモ Shares and Maintenance of the Collaborative Relationship
First written in FY2020. 1 of 2 entries say "Achieved", first in FY2021-Q1. Latest entry: FY2021-Q1.
4 other companies' latest entry also says "Achieved".
- FY2021-Q1AchievedAnnual report
「Accordingly, the two companies agreed that the company would transfer part of its Glamo shares to Isao Goto (後藤 功), Glamo's representative director and president, and Glamo was consequently excluded from the scope of the company's consolidated subsidiaries and equity-method affiliates.」
The partial transfer of Glamo shares was completed, and Glamo was excluded from the scope of consolidated subsidiaries and equity-method affiliates from the first quarter under review. A ¥54.695 million gain on the sale of shares in affiliates was also recognized. - FY2020First statedAnnual report
「Although group collaboration generated some business synergies, in view of the fact that results had not reached the level initially anticipated when the shares were acquired, the company determined that Glamo operating the business independently would be the best way to enhance the corporate value of both companies going forward.」
On 15 May 2020, the company transferred part of its Glamo shares and excluded Glamo from its consolidated subsidiaries and equity-method affiliates. It stated its policy of maintaining an 18.49% stake and business collaboration after the sale.