Investment in Indonesian SBI and Capital and Business Alliance
First written in FY2020. 3 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2022.
The whole theme swung hardest in 2020: 2 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Cited as achieved".
- FY2022Cited as achievedAnnual report
「Through this share acquisition and the dispatch of a director and an audit & supervisory board member by our company, SBI became an equity-method affiliate.」
The acquisition of 15.04% of SBI's shares, the dispatch of officers, and SBI's conversion into an equity-method affiliate were confirmed as completed in the annual disclosure. The acquisition cost was ¥24.026 billion. - FY2022-Q3AdvancedAnnual report
「During the second-quarter consolidated accounting period, provisional accounting treatment had been applied to the purchase price allocation based on reasonable information available when the quarterly consolidated financial statements were prepared. This was finalized during the current third-quarter consolidated accounting period.」
The purchase price allocation related to the investment in SBI and its application of the equity method was finalized in the third quarter, following provisional treatment in the second quarter. Goodwill of ¥2.114 billion, trademarks of ¥1.221 billion, technology of ¥1.444 billion, and customer-related assets of ¥2.824 billion included in investment securities were disclosed. - FY2022-Q2AchievedAnnual report
「Under the capital alliance agreement executed on 26 January 2021 among PT Solusi Bangun Indonesia Tbk, a group company of PT Semen Indonesia (Persero) Tbk (SI), and PT Semen Indonesia Industri Bangunan, a group company of SI and a shareholder of SBI, we exercised the rights issued through the rights issue conducted by SBI on 21 July 2021, a procedure under Indonesian law equivalent to Japan's gratis allotment of stock acquisition rights, and acquired 15.04% of SBI's shares. Through this share acquisition and the dispatch of a director and an audit & supervisory board member by our company, SBI became an equity-method affiliate.」
The planned acquisition of 15.04% of SBI's shares was completed, and SBI became an equity-method affiliate through the dispatch of a director and an audit & supervisory board member. - FY2022-Q1AdvancedAnnual report
「Under the capital alliance agreement executed on 26 January 2021 among PT Solusi Bangun Indonesia Tbk, a group company of PT Semen Indonesia (Persero) Tbk (SI), and PT Semen Indonesia Industri Bangunan, a group company of SI and a shareholder of SBI, we exercised the rights issued through the rights issue conducted by SBI on 21 July 2021, a procedure under Indonesian law equivalent to Japan's gratis allotment of stock acquisition rights, and acquired 15.04% of SBI's shares. SBI is scheduled to become our equity-method investee through this investment and the future dispatch of a director and an audit & supervisory board member by our company.」
Regarding the planned investment in SBI, we exercised the rights on 21 July 2021, after the filing date, and completed the acquisition of 15.04% of the shares. SBI was also scheduled to become an equity-method investee following the dispatch of 1 director and 1 audit & supervisory board member. - FY2021AdvancedAnnual report
「On 8 December 2020, we executed a business alliance agreement among three parties: PT Semen Indonesia (Persero) Tbk, PT Solusi Bangun Indonesia Tbk, a subsidiary of SI, and our company. On 26 January 2021, our board of directors resolved to execute, and executed, a capital alliance agreement among three parties: SBI, PT Semen Indonesia Industri Bangunan, a group company of SI and a shareholder of SBI, and our company. We will acquire at least 15% of SBI's shares and make SBI an equity-method investee by dispatching 1 director and 1 audit & supervisory board member.」
The business alliance agreement and capital alliance agreement with Indonesia's SBI progressed to execution, and the implementation details were made concrete, including the acquisition of at least 15% of the shares and the dispatch of 1 director and 1 audit & supervisory board member. - FY2020First statedAnnual report
「① Acquisition cost: Approximately ¥20 billion to ¥25 billion ② Ownership interest after acquisition: An interest of at least 15%, sufficient to enable application of the equity method ③ Acquisition method: Through a rights issue conducted by SBI, a procedure under Indonesian law equivalent to Japan's gratis allotment of stock acquisition rights. ④ Dispatch of officers: 1 director and 1 audit & supervisory board member will be dispatched. ① Date of execution of the definitive agreement: July 2020 (scheduled) ② Rights exercise date for the rights issue: March 2021 (scheduled)」
As a subsequent event, an alliance with Indonesian state-owned cement company SI and its subsidiary SBI, an investment of approximately ¥20 billion to ¥25 billion in SBI, the conversion of SBI into an equity-method investee with an ownership interest of at least 15% as a guideline, and the dispatch of officers were planned. The definitive agreement was scheduled for July 2020, and the exercise of rights for March 2021.