Transfer of G-NEXT Shares in Pursuit of Selectivity and Focus
First written in FY2022-Q3. 3 of 5 entries say "Cited as achieved", first in FY2023-Q1. Latest entry: FY2023-Q3.
26 other companies' latest entry also says "Cited as achieved".
- FY2023-Q3Cited as achievedAnnual report
「The company transferred all shares it held in its former consolidated subsidiary G-NEXT Company Limited effective 1 April 2022. As a result, it transitioned to non-consolidated financial statements from the first-quarter accounting period and changed its disclosures from the consolidated basis used previously to the non-consolidated basis.」
It reiterates the completion of the transfer of all G-NEXT shares and the resulting transition to non-consolidated financial statements. - FY2023-Q2Cited as achievedAnnual report
「The company transferred all shares it held in its former consolidated subsidiary G-NEXT Company Limited effective 1 April 2022. As a result, it transitioned to non-consolidated financial statements from the first-quarter accounting period and changed its disclosures from the consolidated basis used previously to the non-consolidated basis.」
It reiterates the completion of the transfer of all G-NEXT shares and the resulting transition to non-consolidated financial statements from the first-quarter accounting period. - FY2023-Q1Cited as achievedAnnual report
「During the cumulative first-quarter period, G-NEXT Company Limited was removed from the scope of consolidation following the transfer of all its shares effective 1 April 2022.」
The completed transfer of all G-NEXT shares, decided on and completed in the previous fiscal year, is cited as the reason for transitioning to non-consolidated financial statements. - FY2022AchievedAnnual report
「At a meeting of the Board of Directors held on 10 February 2022, the company resolved to transfer all shares of its consolidated subsidiary G-NEXT Company Limited (hereinafter, “G-NEXT”) to Iwasa Kohei (岩佐光平), its representative director and president, and completed the share transfer on 1 April 2022.」
The planned transfer of all G-NEXT shares as part of portfolio prioritisation and concentration was completed on 1 April 2022, and G-NEXT was removed from the scope of consolidation. - FY2022-Q3First statedAnnual report
「As part of prioritising and concentrating on businesses in considering the group’s medium- to long-term business strategy, and after taking into account the development of G-NEXT and its employees, we decided to transfer all shares held by the company to G-NEXT Representative Director Iwasa Kohei (岩佐光平), thereby transferring control of G-NEXT to him. G-NEXT is scheduled to continue doing business with the company for the time being after the share transfer.」
As part of prioritising and concentrating on businesses under its medium- to long-term business strategy, the company decided to transfer all 91,300 shares of consolidated subsidiary G-NEXT, representing 74.4% of voting rights, effective 1 April 2022, reducing its ownership interest to 0%.