Sale of the Renewable Energy and Digital Signage Businesses through E3’s MBO
First written in FY2019-Q2. 2 of 3 entries say "Restated". Latest entry: FY2020-Q1.
- FY2020-Q1RestatedAnnual report
「In addition, the company included 株式会社Ｅ３, which operates a solar power plant development business and whose shares were all transferred on 28 December 2018, in the consolidated accounts for the previous first quarter.」
The comparative figures for the same period of the previous year included E3, whose shares were all transferred on 28 December 2018. E3 is not included in the scope of consolidation for the current quarter. - FY2019-Q3RestatedAnnual report
「The company transferred all shares in its former consolidated subsidiary, 株式会社Ｅ３, to Suzuki Naoyuki (鈴木直之), E3's representative director, through a management buyout dated 28 December 2018. The company will continue working to use its management resources effectively and enhance corporate value.」
The company has reconfirmed that the transfer of all shares in E3 has been completed and that it intends to continue using its management resources effectively and enhancing corporate value after the transfer. - FY2019-Q2AchievedAnnual report
「On 28 December 2018, the company transferred all shares of 株式会社Ｅ３, formerly a consolidated subsidiary, to Suzuki Naoyuki (鈴木 直之), its representative director, through a management buyout. We will continue working to use management resources effectively and enhance corporate value.」
The transfer of all shares in E3 has been completed. The company explained that this choice was intended to enhance the business's growth potential by leveraging the expertise of E3's representative director, while also taking into consideration its relationships with business partners and employee employment. The company stated that it will clarify its core businesses, use its management resources effectively and enhance corporate value going forward.