Company split of the e-commerce business and capital alliance with DG Financial Technology
First written in FY2024-Q3. 1 of 3 entries say "Achieved", first in FY2024. Latest entry: FY2025-Q1.
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- FY2025-Q1RestatedAnnual report
「The company had reported the E-Commerce business as a reportable segment through the previous fiscal year. However, following its transfer to DG Commerce, an equity-method affiliate, through the company split and share transfer during the previous fourth quarter, the E-Commerce business has been excluded from reportable segments since the current first-quarter consolidated accounting period.」
Following the company split and share transfer of the E-Commerce business, DG Commerce became an equity-method affiliate, and the E-Commerce business has been excluded from reportable segments since the current first quarter. - FY2024AchievedAnnual report
「The company split was completed on 28 December 2023, and the Share Transfer was completed on 1 January 2024.」
The company split of the E-Commerce business and the transfer of 60.0% of the shares to DG Financial Technology were completed as scheduled, making DG Commerce an equity-method affiliate in which the company holds a 40.0% interest. - FY2024-Q3First statedAnnual report
「At an extraordinary meeting of the Board of Directors held on 9 November 2023, the company resolved to transfer, through a simplified incorporation-type company split, the rights and obligations of its EC-site construction package software development and sales business to DG Commerce Co., Ltd., a newly established wholly owned subsidiary of the company (the 「Newly Established Company」), and to transfer 60.0% of the shares issued by the Newly Established Company to DG Financial Technology, Inc. (the 「Share Transfer」; together, the company split and the Share Transfer, the 「Transaction」). The company entered into a share transfer agreement on the same date, completed the company split on 28 December 2023 and completed the Share Transfer on 1 January 2024.」
The E-Commerce business was transferred to DG Commerce Co., Ltd. through a simplified incorporation-type company split, and 60.0% of the company's shares were transferred to DG Financial Technology, Inc. The company split was completed on 28 December 2023 and the share transfer on 1 January 2024. The post-transfer ownership interest was 40.0%, and the transfer price was ¥999.996 million.