Shifting the Focus of Asset Management Services to FPG Trust
First written in FY2016-Q3. 3 of 6 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2021-Q3.
2 other companies' latest entry also says "Advanced".
- FY2021-Q3AdvancedAnnual report
「Revenue in the FPG Trust segment was ¥358 million, up 236.5% year on year, and segment profit was ¥204 million, compared with a segment loss of ¥58 million in the same period of the previous year.」
Revenue at FPG Trust rose 236.5% year on year, and segment results turned from a loss of ¥58 million to a profit of ¥204 million. - FY2021-Q2AdvancedAnnual report
「Revenue in the FPG Trust segment was ¥234 million, up 179.5% year on year, and segment profit was ¥134 million, compared with a segment loss of ¥25 million in the same period of the previous year.」
Revenue at FPG Trust rose 179.5% year on year, and segment results turned from a loss of ¥25 million to a profit of ¥134 million. - FY2021-Q1AdvancedAnnual report
「Revenue in the FPG Trust segment was ¥138 million, up 424.8% year on year, and segment profit was ¥88 million, compared with a segment loss of ¥30 million in the same period of the previous year.」
FPG Trust was established as a separate segment as its importance increased. Revenue rose 424.8% year on year, and segment results turned from a loss to a profit. - FY2017-Q1Cited as achievedAnnual report
「FPG Investment Advisory, which had been included in “Other,” is not included in the information on revenue and profit or loss by reporting segment for the cumulative first quarter under review because all shares in FPG Investment Advisory Co., Ltd. were transferred on 30 September 2016, and the company was excluded from the scope of consolidation.」
The quarterly segment information confirms the transfer of all shares in FPG Investment Advisory and its exclusion from the scope of consolidation in the previous fiscal year as historical results. - FY2016AchievedAnnual report
「During the current consolidated fiscal year, this related to the transfer of all shares in FPG Investment Advisors Co., Ltd. as the Group adopted a policy of focusing on using FPG Trust Co., Ltd., which holds a license as an investment-management trust company, to expand its asset management services, while avoiding duplication of management resources and allocating them efficiently.」
In line with the policy of focusing on the FPG Trust business, the transfer of all shares in FPG Investment Advisory was completed, and the shift in focus of the asset management services business was implemented. - FY2016-Q3First statedAnnual report
「This resulted from recording an impairment loss on the unamortized balance of goodwill after revising the business plan of FPG Investment Advisors Co., Ltd., as the Group decided to focus on using FPG Trust Co., Ltd., which holds a license as an investment-management trust company, rather than FPG Investment Advisors Co., Ltd., to expand its asset management services going forward.」
The Company stated that it had shifted its focus for expanding asset management services to FPG Trust and revised the business plan of FPG Investment Advisors. The impairment loss was ¥144,047 thousand.