Divestiture of UACJ Copper Tube Business as Part of Business Portfolio Focus
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2020-Q3.
No other company in this theme has enough history to compare yet.
- FY2020-Q3RestatedAnnual report
「The company transferred its copper products business in September 2019, determining that using the transferee's management resources, expertise, network and financial resources to operate nimbly as an independent corporate group would support UACJ Copper Tube Co., Ltd.'s sustainable growth and further enhance its corporate value, while also aligning with the company's concentration of management resources.」
The transfer of the copper products business has been reiterated as completed, with the use of the transferee's management resources and the company's concentration of management resources cited as the reasons for the transfer. - FY2020-Q2AchievedAnnual report
「The company transferred its copper products business in September 2019, determining that using the transferee's management resources, expertise, network and financial resources to operate nimbly as an independent corporate group would support UACJ Copper Tube Co., Ltd.'s sustainable growth and further enhance its corporate value, while also aligning with the company's concentration of management resources.」
The share transfer of UACJ Copper Tube, previously at the agreement stage, was executed on 30 September 2019, completing the business separation and transfer. As a result, UACJ Copper Tube and 3 subsidiaries were excluded from the scope of consolidation. - FY2020-Q1RestatedAnnual report
「The company agreed to transfer its shares in consolidated subsidiary UACJ Copper Tube Co., Ltd. to Toyokawa Holdings Co., Ltd., whose outstanding shares are wholly owned by AG2 No. 2 Investment Limited Partnership and AG2 No. 2b Investment Limited Partnership, managed by Aspirant Group Inc., and Daiwa PI Partners Co., Ltd. The company signed the share transfer agreement on 19 June 2019. The transfer was scheduled for 30 September 2019.」
The agreement to transfer all shares of UACJ Copper Tube and the scheduled transfer date of 30 September 2019 have been reiterated. No statement says that the transfer has been completed. - FY2019First statedAnnual report
「The company agreed to transfer all shares of its consolidated subsidiary UACJ Copper Tube Co., Ltd. to Toyokawa Holdings Co., Ltd., whose outstanding shares are wholly owned by AG2 No. 2 Investment Limited Partnership and AG2 No. 2b Investment Limited Partnership, managed by Aspirant Group Inc., and Daiwa PI Partners Co., Ltd. The company signed the share transfer agreement on 19 June 2019. Transfer price: approximately ¥24.0 billion. Transfer date: 30 September 2019 (scheduled).」
To select and concentrate its businesses and focus management resources, the company signed an agreement to transfer all shares of UACJ Copper Tube, its copper products business, for approximately ¥24.0 billion. The transfer was scheduled for 30 September 2019.