Improving asset efficiency through the transfer of shares in 日伯紙パルプ資源開発株式会社
First written in FY2021-Q2. 1 of 3 entries say "Achieved", first in FY2021-Q3. Latest entry: FY2026.
4 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Company tendered shares it owned in response to Daio Paper Corporation’s purchase of treasury shares through an off-auction purchase transaction (ToSTNeT-3), transferred a portion of its holdings, and was excluded from the scope of the equity method because its influence declined.」
Following the partial transfer of Daio Paper Corporation shares, the company was excluded from the scope of the equity method, and investment securities in affiliates decreased from ¥63,555 million to ¥3,583 million. - FY2021-Q3AchievedAnnual report
「Net income attributable to owners of the parent was ¥7,381 million, up 174.8% year on year, mainly reflecting the recording of a gain on sale of investment securities from the transfer of all shares in 日伯紙パルプ資源開発株式会社 held by the Company.」
The transfer of all shares held in 日伯紙パルプ資源開発株式会社 was completed, resulting in the recognition of a gain on sale of investment securities. - FY2021-Q2First statedAnnual report
「On 30 September 2020, we decided to enter into and did enter into an agreement concerning the acquisition of treasury shares under which all shares held by the company in Nippon Brazil Paper and Pulp Resources Development Co., Ltd. would be transferred. Following the required procedures, including an extraordinary general meeting of shareholders of that company, and satisfaction of other conditions, the share transfer is scheduled to be completed by the end of the consolidated fiscal year, March 2021.」
As part of improving asset efficiency, the company agreed to transfer all shares held in Nippon Brazil Paper and Pulp Resources Development, with completion planned by March 2021 and an expected gain on sale of investment securities of ¥5,175 million.