Capital and Business Alliance with SBI Holdings and Transfer of a 51% Stake in BPJ
First written in FY2022. 3 of 5 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2024-Q1.
No other company in this theme has enough history to compare yet.
- FY2024-Q1AchievedAnnual report
「After all shares of BitPoint Japan Co., Ltd. (hereinafter, "BPJ") were transferred to the SBI Group on 31 March 2023」
After the transfer of 51% of BPJ's shares in connection with the alliance with the SBI Group, the remaining 49% was also transferred on 31 March 2023, completing the transfer of all BPJ shares. - FY2023-Q3ReframedAnnual report
「To use management resources more efficiently, we have decided to transfer all BPJ shares held by us, representing a 49% ownership interest, to SBICAH.」
After the transfer of 51% of BPJ's shares in connection with the alliance with the SBI Group, we decided to transfer our remaining 49% stake for ¥4,800 million on 31 March 2023 and restructured the plan for a complete exit from BPJ. - FY2023-Q2AchievedAnnual report
「On 1 July 2022, we sold part of our holdings in BPJ, a consolidated subsidiary, to SBI Financial Services Co., Ltd.」
On 1 July 2022, 51% of BPJ's shares were transferred to the SBI Group, and BPJ changed from a consolidated subsidiary to an equity-method affiliate. A gain on the sale of shares in affiliates of ¥8,226 million was also recorded. - FY2023-Q1AchievedAnnual report
「As a result of this share transfer, a gain of approximately ¥8,225 million on the sale of shares in a subsidiary was expected to be recognized as extraordinary income in the consolidated second quarter of the fiscal year ending March 2023. Effective 1 July 2022, BPJ, previously a consolidated subsidiary, became an equity-method affiliate.」
The transfer of a 51% stake in BPJ to the SBI Group was completed on 1 July 2022, and proceeds of ¥12,750 million were received. The company also indicated that BPJ would become an equity-method affiliate and that a gain of approximately ¥8,225 million on the sale of shares in a subsidiary was expected to be recognized. - FY2022First statedAnnual report
「This is a comprehensive capital and business alliance involving SBI Holdings’ acquisition of 5% of our shares through the stock market and the transfer of a 51% stake in BPJ, our consolidated subsidiary’s subsidiary, to a group company of SBI Holdings.」
On 12 May 2022, the company decided on a comprehensive alliance involving SBI Holdings’ acquisition of a 5% stake in the company, the transfer of a 51% stake in BPJ for ¥12,750 million, and cooperation in the crypto-asset, Web3.0 and renewable-energy fields. The transfer of BPJ shares was scheduled to be completed on 1 July 2022.