Stabilizing the Financial Foundation and Maximizing Group Synergies through the Sale of JCU Shares
First written in FY2018-Q3. 1 of 2 entries say "Achieved", first in FY2018. Latest entry: FY2018.
5 other companies' latest entry also says "Achieved".
- FY2018AchievedAnnual report
「Sale of investment securities 1,574 － － Gain on sale of investment securities related to the transaction 1,409」
The company sold its JCU shares to TPR CO.,LTD. and recognized consolidated sale proceeds from investment securities of ¥1,574 million and a gain on sale of ¥1,409 million. - FY2018-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 13 March 2018, the company resolved to sell the JCU shares it held. (1) Reason for the transfer Maximizing group synergies and strengthening the company’s financial base (2) Transferee TPR CO.,LTD. (4) Scheduled transfer date 15 March 2018 (5) Outlook The sale proceeds from investment securities related to the above transaction are expected to be approximately ¥1,570 million. The transaction is also expected to result in the recognition of an extraordinary gain of ¥1,400 million.」
The company resolved to sell its JCU shares to TPR CO.,LTD. and expects sale proceeds of approximately ¥1,570 million and an extraordinary gain of ¥1,400 million. It cited maximizing group synergies and strengthening its financial base as the reasons for the transfer.