SYMBOL excluded from consolidation as priority was given to recovering investment funds
First written in FY2022. 1 of 4 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023Cited as achievedAnnual report
「To expand its business base, the Company focused primarily on increasing its share in the personal authentication field in the first quarter of the fiscal year ending November 2023. As a result, personal authentication revenue in the first quarter of the fiscal year ending November 2023 increased 27% to ¥329 million compared with the first quarter of the fiscal year ended November 2022. Accordingly, to continue focusing on the personal authentication field, the Company decided to selectively concentrate its investments from the perspective of optimally allocating management resources across the Group, following repeated discussions with the Marui Group, and transfer part of its holdings in IDEAL to IDEAL.」
The annual report explains the process by which IDEAL was excluded from consolidation and became an equity-method affiliate, as well as the decision to selectively concentrate resources on personal authentication. - FY2023-Q3AchievedAnnual report
「During the third quarter of the current consolidated fiscal year, the Company transferred part of its holdings in 株式会社IDEAL, hereinafter “IDEAL,” thereby excluding IDEAL from the scope of consolidation and making it an equity-method affiliate.」
The previously decided transfer of part of the Company’s holdings in IDEAL was completed, and IDEAL changed from a consolidated subsidiary to an equity-method affiliate. - FY2023-Q2AdvancedAnnual report
「From the perspective of optimally allocating management resources across the Group, the Company decided to selectively concentrate its investments and transfer part of its holdings in IDEAL to IDEAL. As a result, the Company’s voting interest in IDEAL changed from 51.00% to 49.74%, and IDEAL changed from a consolidated subsidiary to an equity-method affiliate.」
The Company decided to transfer part of its holdings in IDEAL as part of its selective concentration of investments, reducing its voting interest from 51.00% to 49.74%, and IDEAL was scheduled to change from a consolidated subsidiary to an equity-method affiliate on 1 July 2023. - FY2022First statedAnnual report
「The Company resolved to transfer the convertible bonds of its consolidated subsidiary 株式会社SYMBOL in order to prioritize recovery of the investment funds.」
The transfer of the convertible bonds changed SYMBOL from a consolidated subsidiary to an equity-method affiliate.