Focusing management resources through the sale of LS-Nikko Copper shares
First written in FY2023-Q1. 1 of 2 entries say "Achieved", first in FY2023-Q2. Latest entry: FY2023-Q2.
No other company in this theme has enough history to compare yet.
- FY2023-Q2AchievedAnnual report
「In addition, the sale of the asset was completed during the second-quarter consolidated accounting period.」
After the shares of LS-Nikko Copper Inc. were classified as held for sale in the first quarter, the sale was completed during the second-quarter accounting period, bringing the concentration of management resources on important areas to the execution stage. - FY2023-Q1First statedAnnual report
「In pursuing the strengthening of the core businesses in the metals segment, including thorough competitiveness enhancement and timely reviews of the asset portfolio, the company and its consolidated subsidiary in the metals segment, JX Advanced Metals Corporation (JX Advanced Metals), conducted extensive discussions from various perspectives. They concluded that it would be desirable to sell the shares of LS-Nikko Copper Inc., an equity-method affiliate in the metals segment, and concentrate management resources on important areas. At meetings of the JX Advanced Metals Board of Directors on 17 May 2022 and the company’s Board of Directors on 19 May 2022, they decided that JKJS Co., Ltd., a subsidiary of JX Advanced Metals, would sell all of its 49.9% interest in LSN to LS Corporation, which holds the remaining 50.1%.」
To strengthen competitiveness in the metals segment and concentrate management resources, JKJS decided to sell its entire 49.9% interest in LSN to LSC.