GMO GlobalSign Holdings K.K. (3788) · RiskMitigated
Investment Risk Associated With Z.com Expansion and Sale of the Group’s Interest
First written in FY2016-Q2. 1 of 2 entries say "Mitigated", first in FY2016. Latest entry: FY2016.
2entries
2years
0from disclosures
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Sale of Equity Interests and Reduction in Investments Due to Exceeding Investment Risk ToleranceA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
No other company in this theme has enough history to compare yet.
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- FY2016MitigatedAnnual report
「In our overseas business, we partially transferred our holdings in GMO-Z.COM PTE.LTD., which had been an equity-method affiliate, in April 2016 and removed it from our affiliates.」
The partial transfer of shares in GMO-Z.COM PTE.LTD. and its removal from the company’s affiliates were completed, reducing the investment exposure previously held through the equity interest. - FY2016-Q2First statedAnnual report
「Although we invested because we determined that expanding overseas and developing sales channels under Z.com, the global brand of GMO internet group,Inc., would provide benefits by leveraging group synergies and group capital, the original plan changed and we decided to make aggressive investments to accelerate further business expansion. This would have exceeded the level of risk we could accept.」
The company explained that it partially sold its holdings in April 2016 because the risk associated with aggressive investment exceeded its acceptable level.