Preparations to enter the securities and funds transfer businesses
First written in FY2019. 2 of 4 entries say "Reframed", first in FY2020-Q1. Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020DroppedAnnual report
「For the purpose of optimising the allocation of management resources, among other objectives, all shares of Smart Financial Co., Ltd. were transferred as described in the 14 August 2019 notice, “Notice Regarding Changes in Consolidated Subsidiaries (Share Transfer),” and Smart Financial was excluded from the scope of consolidation.」
Smart Financial was excluded from the scope of consolidation through the transfer of all its shares, ending the group’s plan to prepare for entry into the securities business through that company. - FY2020-Q2ReframedAnnual report
「The Group decided, after comprehensively considering that BPJ’s continued provision on a one-stop basis of crypto-asset-related services, including crypto-asset margin trading and services involving electronically recorded transferable rights, would be optimal from the standpoint of user convenience, and that the president and representative director of Smart Financial had offered to acquire all of the shares in the company held by the Group through an MBO, that taking Smart Financial outside the Group through the MBO would help optimize the allocation of the Group’s management resources and enhance corporate value.」
All shares of Smart Financial, which had been responsible for preparing the entry into the securities business, were transferred, and the company changed from a plan to pursue the securities business through Smart Financial to a focus on crypto-asset-related services centred on BPJ. - FY2020-Q1ReframedAnnual report
「The application to register as a Type I Financial Instruments Business Operator is scheduled to be filed by BPJ in the future.」
Preparation for entry into the securities business changed from filing the application through Smart Financial to a policy under which BPJ would file the application together with crypto-asset-related services. - FY2019First statedAnnual report
「With respect to スマートフィナンシャル株式会社, the Company will proceed with an application for registration as a Type I Financial Instruments Business Operator.」
The company indicated that it would proceed with an application to register as a Type I Financial Instruments Business Operator through Smart Financial, established in January 2019.