Reimplementation of the Procedure to Make Flagships a Subsidiary Through a Share Delivery
First written in FY2023-Q2. 1 of 3 entries say "Achieved", first in FY2023-Q3. Latest entry: FY2024.
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- FY2024AdvancedAnnual report
「On 13 September 2024, the company acquired all shares of its consolidated subsidiary フラグシップス株式会社, making it a wholly owned subsidiary.」
The Company additionally acquired the 49.0% stake held by non-controlling shareholders in フラグシップス株式会社, making it a wholly owned subsidiary on 13 September 2024. - FY2023-Q3AchievedAnnual report
「At a meeting of the Board of Directors held on 1 August 2023, the Company resolved to implement a share delivery transaction under which the Company would be the parent company receiving shares and フラグシップス株式会社 (hereinafter, “FGS”) would be the subsidiary delivering shares. The transaction was implemented on 22 August 2023, making FGS a consolidated subsidiary.」
The share delivery involving Flagships Co., Ltd., for which the previous report indicated a policy of carrying it out again, was implemented on 22 August 2023, completing the process of making the company a consolidated subsidiary. - FY2023-Q2First statedAnnual report
「As this share delivery will be carried out under the simplified share delivery system and in accordance with the Financial Instruments and Exchange Act, the Company will begin work as soon as possible toward submitting a securities registration statement to the Director-General of the Kinki Local Finance Bureau and will proceed with the required procedures.」
After canceling the resolution due to procedural defects, the Company has indicated its policy of carrying it out again in preparation for submitting a securities registration statement to the Director-General of the Kinki Local Finance Bureau, in accordance with the simplified share delivery system and the Financial Instruments and Exchange Act.