Art Vivant (7523) · InitiativeAchieved
Effective Use of Management Resources and Strengthening of the Financial Position Through the Divestment of the Resort Business
First written in FY2019-Q1. 1 of 2 entries say "Achieved", first in FY2019-Q3. Latest entry: FY2019-Q3.
2entries
2years
0from disclosures
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Same theme, other companies
Streamlining the business portfolio through business divestituresA theme 5 companies write about · 0 as a headwind · 6 as a tailwind
3 other companies' latest entry also says "Achieved".
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Full recordFilings, disclosures and news, newest first
- FY2019-Q3AchievedAnnual report
「The Company’s subsidiary, TSC Holistic Co., Ltd., transferred the Thalassa Shima Hotel & Resort (Toba, Mie Prefecture) to Oedo Onsen Monogatari Co., Ltd. (business transfer date: 23 October 2018). Gain on business transfer: ¥1.279040 billion」
The planned transfer of the resort business was completed on 23 October 2018. A gain on transfer of ¥1.279040 billion was recognized as extraordinary income, completing the implementation of the initiative to make effective use of management resources and strengthen the financial position. - FY2019-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 31 May 2018, the Company resolved to transfer the resort business, including the fixed assets (Thalassa Shima Hotel & Resort) owned by its consolidated subsidiary TSC Holistic Co., Ltd., and entered into a real estate purchase and sale agreement on the same date.」
The Company resolved to transfer the resort business to Oedo Onsen Monogatari Co., Ltd., primarily to make effective use of management resources and strengthen its financial position. The effective date was scheduled for 23 October 2018, and the transfer price was ¥1.530 billion. At the end of the quarter, the transaction was still at the planning stage.