Greater flexibility and stability in procurement capacity through the transfer of shares in 北興商事
First written in FY2016. 2 of 4 entries say "Cited as achieved", first in FY2017. Latest entry: FY2018.
- FY2018Cited as achievedAnnual report
「April 2016: Sold all shares in Hokko Shoji Co., Ltd. and excluded it from the consolidated subsidiaries.」
The sale of all shares in Hokko Shoji and its exclusion from the consolidated subsidiaries are repeated in the corporate history as a previously completed organizational restructuring. - FY2017Cited as achievedAnnual report
「Hokko Shoji Co., Ltd., which was a consolidated subsidiary in the previous fiscal year, was excluded from the scope of consolidation from the current fiscal year following the sale of all shares held by the Company on 1 April 2016.」
The sale of all shares in Hokko Shoji and its exclusion from the scope of consolidation are again described as a completed organizational restructuring. - FY2017-Q1AchievedAnnual report
「During the first quarter of the current consolidated accounting period, Hokko Shoji Co., Ltd., formerly a consolidated subsidiary, was excluded from the scope of consolidation following the sale of all shares held by the Company on 1 April 2016.」
The sale of all shares held in Hokko Shoji and its exclusion from the scope of consolidation were completed. This filing does not describe the effect on procurement capabilities itself. - FY2016First statedAnnual report
「The Company decided to transfer its shares in Hokko Shoji in order to strengthen the Group's management structure over the medium to long term, increase the company's management autonomy and speed up decision-making, and thereby improve the flexibility and stability of its procurement capabilities for steel scrap in response to changes in market structure.」
The planned and completed transfer of all shares in Hokko Shoji on 1 April 2016 is described, with the ownership ratio changing from 40% to zero.