Full Transfer of the Payment Processing Business
First written in FY2017-Q2. 1 of 2 entries say "Achieved", first in FY2017-Q3. Latest entry: FY2017-Q3.
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- FY2017-Q3AchievedAnnual report
「We transferred the entire payment processing business on 15 January 2017. Transfer price: ¥8 million.」
The full transfer of the payment processing business, for which an agreement had been signed and completion scheduled in the second quarter, was completed on 15 January 2017. As a result, the business was scheduled to be discontinued at the end of the current consolidated fiscal year. - FY2017-Q2First statedAnnual report
「We had operated a payment processing business since our listing, but the business environment surrounding it has changed significantly in recent years. Compliance with the Payment Card Industry Data Security Standard (PCI DSS) was expected to require substantial additional costs, including major capital investment, system modifications and securing resources. In addition, expectations for a competitive advantage in the industry and business expansion had diminished, while the business accounted for a relatively small proportion of our consolidated revenue and its impact was considered limited. Accordingly, we decided to transfer the entire business to 株式会社ユニヴァ・ペイキャスト, which operates in the same business.」
We entered into an agreement on 14 November 2016 to transfer the entire payment processing business to 株式会社ユニヴァ・ペイキャスト, with completion scheduled for 15 January 2017. The transfer price was ¥8 million, and revenue from the business for the fiscal year ended March 2016 was ¥12.205 million.