Partial Sale of AMI Shares and Maintenance of Majority Stake
First written in FY2021-Q3. 1 of 5 entries say "Achieved", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2020: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY202632.2% interest after the transition to the equity methodAnnual report
「The company recognized ¥2,483 million as a gain on changes in equity interests resulting from changes in its interest in Allegro MicroSystems, Inc., an equity-method affiliate.」
After Allegro became an equity-method affiliate, the company's interest was 32.2%, and it recognized a ¥2,483 million gain on changes in equity interests and a ¥2,125 million loss on investments accounted for using the equity method. - FY2025Decline in interest after the transition to the equity methodAnnual report
「As the company's interest declined to 44.24% following Allegro's public offering, Allegro changed from a consolidated subsidiary to an equity-method affiliate and was excluded from the scope of consolidation. Subsequently, the company's interest declined to 32.48% through the sale of its Allegro common shares in connection with Allegro's repurchase of its own shares.」
Following the public offering and share sale, the company's interest in Allegro declined to 44.24%, then 32.48%, and subsequently to 32.41% due to share-based compensation and other factors. - FY2025-H1Loss of majority interest and transition to the equity methodAnnual report
「As the company's interest declined to 44.24% following Allegro's public offering, Allegro changed from a consolidated subsidiary to an equity-method affiliate and was excluded from the scope of consolidation. Subsequently, the company's interest declined to 32.48% through the sale of its Allegro common shares in connection with Allegro's repurchase of its own shares.」
Following Allegro's public offering and the partial sale of shares, the company's interest declined from 52.0% to 32.48%, and Allegro changed from a consolidated subsidiary to an equity-method affiliate. - FY2021AchievedAnnual report
「Allegro MicroSystems, Inc. Percentage of voting rights held 52.0」
The partial sale of AMI shares was completed, leaving the company with a 52.0% voting interest and retaining a majority interest. - FY2021-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 3 February 2021, the company resolved to sell part of its shareholding in its consolidated subsidiary Allegro MicroSystems, Inc. (hereinafter, “AMI”) on the Nasdaq market.」
The company resolved to sell 5,200,000 AMI shares for US$157.5 million and stated plans to retain a 52.0% interest after the sale. It stated that collaboration in technology, development, sales, and other areas would continue.