Spin-off of the Security Systems Business and Strategic Capital Alliance with Polaris
First written in FY2020-Q1. 1 of 2 entries say "Achieved", first in FY2020-Q3. Latest entry: FY2020-Q3.
No other company in this theme has enough history to compare yet.
- FY2020-Q3AchievedAnnual report
「This was due, among other factors, to the transfer on 20 November 2019 of shares in Panasonic i-PRO Sensing Solutions Co., Ltd., formerly a wholly owned consolidated subsidiary of the company operating the business, to PSP Holdings Co., Ltd., a subsidiary of Polaris Capital Group Co., Ltd.」
For the security systems business, the plan for an absorption-type company split and capital alliance with Polaris was completed through the share transfer on 20 November 2019. - FY2020-Q1First statedAnnual report
「As the market environment for the security systems business changes, the company plans to transfer its security systems business to a newly established company through an absorption-type company split, in order to deliver rapid and flexible solutions by combining the company’s technological capabilities and customer base with Polaris’s investment capabilities and its knowledge and experience developed through strategic capital alliances with multiple manufacturers and large corporations.」
The company first disclosed plans to transfer the security systems business to a new company through an absorption-type company split and transfer its shares to an SPC established by Polaris Capital Group. The effective date was scheduled for 1 October 2019.