Retail wealth-building services through a capital and business alliance with Yahoo! JAPAN
First written in FY2017-Q1. 6 of 15 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2023-Q2.
No other company in this theme has enough history to compare yet.
- FY2023-Q2AchievedAnnual report
「In August 2022, we transferred all of our shares in PayPayアセットマネジメント株式会社, formerly an equity-method affiliate, to Asset Management One株式会社.」
The transfer of all of PPAM's 49.9% stake held by the company was completed, and the alliance was terminated, together with the termination of the shareholders' agreement, business alliance agreement and other agreements with Z Financial株式会社. - FY2023-Q1DroppedAnnual report
「As a result of this share transfer, the shareholders' agreement, business alliance agreement and other agreements concluded with Z Financial株式会社 will be terminated, but we will maintain the good relationship that has been developed with the company to date.」
The company entered into an agreement to transfer all of its 49.9% stake in PPAM, and the shareholders' agreement, business alliance agreement and other agreements with Z Financial株式会社 were to be terminated. - FY2022-Q3RestatedAnnual report
「Regarding the retail investor business, we will further promote collaboration with the Z Holdings Corporation group, referred to below as the Z Group, following the change of the company name to PayPayアセットマネジメント株式会社.」
The company continues to pursue collaboration with the Z Group following the change of the company name to PayPayアセットマネジメント and the strengthening of its retail investor business. - FY2022-Q2SoftenedAnnual report
「Regarding the future retail investor business, we plan to further promote collaboration with the Z Holdings Corporation group following the change of the company name to PayPayアセットマネジメント株式会社, thereby expanding our business base.」
While planning to expand its business base through collaboration with the Z Holdings Corporation group, the company stated that expansion of its institutional and retail investor businesses was behind the original plan. - FY2022-Q1AdvancedAnnual report
「Regarding the future retail investor business, we will further promote collaboration with the Z Holdings Corporation group following the change of the company name to PayPayアセットマネジメント株式会社, thereby expanding our business base.」
On the assumption that ASTAM will change its corporate name to PayPayアセットマネジメント株式会社, the company moved into a phase of further advancing its collaboration with the Z Holdings Corporation group. - FY2021-Q3AdvancedAnnual report
「ASTAM plans to change its corporate name to PayPay Asset Management Corporation in March. Using this as an opportunity, we will continue to participate in its business operations so that it can achieve further growth and increase its corporate value under its new corporate name.」
While continuing to work with the Yahoo Japan Corporation and Z Holdings Corporation groups, the company indicated that ASTAM is scheduled to change its corporate name in March and that it intends to remain involved in business operations thereafter. - FY2021-Q1RestatedAnnual report
「In addition to its established core business serving institutional investors, ASTAM is working to further strengthen its business serving individual investors. It is fully developing a business that can contribute to the long-term asset building of individual investors, including those with no prior investment experience, through face-to-face sales of long-term investment trusts and, in collaboration with Yahoo! Corporation, through the use of financial technology. ASTAM continues to aim to increase its corporate value.」
Following ASTAM becoming an equity-method affiliate, the long-term asset-building business for individual investors conducted in collaboration with Yahoo! Corporation and efforts to increase ASTAM's corporate value continue. - FY2020-Q3RestatedAnnual report
「On 1 April 2019, we additionally transferred part of our shares in ASTAM to Yahoo! Corporation to further develop the asset management business. As a result, our ownership ratio in ASTAM declined to 49.9%, and ASTAM became an equity-method affiliate.」
The collaborative business with Yahoo! Corporation continues on the basis of the additional transfer of ASTAM shares, the change in the ownership ratio to 49.9% and ASTAM becoming an equity-method affiliate. - FY2020-Q2RestatedAnnual report
「We will continue to work fully toward increasing ASTAM's corporate value and advancing the businesses conducted in collaboration with Yahoo! Corporation at ASTAM.」
Following the additional transfer that reduced our holding in ASTAM to 49.9% and changed ASTAM to an equity-method affiliate, the Company continues to pursue the full-scale development of the collaborative businesses with Yahoo! Corporation and increases in ASTAM's corporate value. - FY2019AdvancedAnnual report
「As disclosed on 1 April 2019, we additionally transferred part of our shares in ASTAM, which is principally engaged in the asset management business, to Yahoo! Corporation, hereinafter referred to as Yahoo!, reducing our ownership ratio to 49.9%. ASTAM became an equity-method affiliate, and we will continue to work fully toward increasing ASTAM's corporate value and advancing the collaborative businesses conducted by ASTAM.」
The Second Transfer of 16.7% of ASTAM shares to Yahoo! JAPAN was completed on 1 April 2019, reducing our holding to 49.9% and changing ASTAM from a consolidated subsidiary to an equity-method affiliate. The collaborative businesses will continue. - FY2019-Q2RestatedAnnual report
「We are steadily increasing assets under management in publicly offered investment trusts whose objective, as an asset management company, is to play an active role in supporting investors' long-term asset building in collaboration with Yahoo! Corporation, with which we have entered into a capital and business alliance agreement, as well as in face-to-face publicly offered investment trusts developed under a similar concept.」
Assets under management continue to accumulate in publicly offered investment trusts developed in collaboration with Yahoo! Corporation and face-to-face publicly offered investment trusts, with the objective of supporting long-term asset building. - FY2018-Q2AdvancedAnnual report
「Regarding the publicly offered investment trusts Yjam Plus! and Yjam Light! launched through collaboration with Yahoo! JAPAN, several distributors began offering them during the first quarter of the consolidated fiscal year, and we intend to continue expanding the distribution network step by step.」
Yjam Plus! and Yjam Light!, offered in collaboration with Yahoo! JAPAN, became available through multiple distributors, advancing to the stage of expanding the sales network for retail long-term asset-building services. - FY2017-Q3AdvancedAnnual report
「In December, we newly launched the public investment trust “Yjam Plus!”, developed in collaboration with Yahoo! JAPAN, with total initial net assets of ¥8 billion.」
Under the retail asset-building services alliance with Yahoo! JAPAN, the publicly offered investment trust Yjam Plus! was newly launched, advancing to the stage of providing a specific product. - FY2017-Q2AdvancedAnnual report
「At an extraordinary meeting of the Board of Directors held on 8 August 2016, we resolved to enter into a shareholders' agreement and a business alliance agreement, collectively referred to as this shareholders' and business alliance agreement, with Yahoo! Corporation, hereinafter referred to as Yahoo! JAPAN, to implement a capital and business alliance concerning our subsidiary ASTAM Investment Advisory Co., Ltd., hereinafter referred to as ASTAM. We entered into the agreements on the same date. In accordance with the capital and business alliance agreement, we partially transferred shares in ASTAM, our consolidated subsidiary, on 3 October 2016.」
A capital and business alliance agreement was entered into with Yahoo! JAPAN, and the First Transfer of ASTAM shares was completed on 3 October 2016. The ownership ratio after the transfer was 66.2%, and the conditional plan to transfer the holding to 50.1% through the Second Transfer remains in place. - FY2017-Q1First statedAnnual report
「We have entered into this shareholders' and business alliance agreement with Yahoo! JAPAN and, fully taking customers' needs into account, will use technology to address the various challenges faced by potential investors, including individual investors and those with no prior investment experience, in building long-term assets. Under the First Transfer, we agreed to transfer 23,757 shares, equivalent to 33.4% of the total shares issued as of 30 June 2016. Under the Second Transfer, we granted Yahoo! JAPAN a call option, subject to the exercise conditions set out below, to purchase 11,878 shares at the same transfer price as the First Transfer, so that Yahoo! JAPAN would hold ASTAM shares equivalent to 50.1% of the total shares issued as of 30 June 2016.」
A capital and business alliance was launched to jointly build, using Yahoo! JAPAN's big data and service capabilities, long-term asset-building services and an investor protection framework for individual investors and people with no prior investment experience. The plan was to transfer 33.4% of ASTAM shares in the First Transfer and, if the conditions were met, increase Yahoo! JAPAN's holding to 50.1%; the exercise of the Second Transfer was expected in fiscal 2019 or fiscal 2020.