Equity Restructuring of the Financial Services Business Through the Transfer of アクリーティブ Shares
First written in FY2017-Q2. 2 of 3 entries say "Restated". Latest entry: FY2017.
2 other companies' latest entry also says "Restated".
- FY2017RestatedAnnual report
「We determined that, to enhance the corporate value of アクリーティブ株式会社, whose principal business is financial services, it would be desirable to develop a growth strategy under a company with similar expertise and know-how in financial services. We therefore tendered the shares in the tender offer conducted by 芙蓉総合リース株式会社 and transferred part of our holdings.」
The company reiterates the reasons for making アクリーティブ an equity-method affiliate through the partial transfer of its shares and its strategy of pursuing growth under a transferee with financial-services expertise. - FY2017-Q3RestatedAnnual report
「We determined that, to enhance the corporate value of アクリーティブ株式会社, whose principal business is financial services, it would be desirable to develop a growth strategy under a company with similar expertise and know-how in financial services. We therefore tendered the shares in the tender offer conducted by 芙蓉総合リース株式会社 and transferred part of our holdings. As our ownership interest in アクリーティブ changed from 49.17% to 22.29%, the company became an equity-method affiliate.」
The company again describes the reasons for transferring part of its アクリーティブ shares and changing its status to an equity-method affiliate, including the reason for the business separation and the 22.29% ownership interest. - FY2017-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 14 December 2016, we resolved to tender shares of our consolidated subsidiary アクリーティブ株式会社 in the tender offer conducted by 芙蓉総合リース株式会社 and transferred part of our holdings on 19 January 2017. As a result, アクリーティブ株式会社 and its subsidiaries changed from consolidated subsidiaries to equity-method affiliates from the third quarter of the consolidated fiscal year.」
The company transferred 11,517,000 of its 21,072,600 shares in アクリーティブ, which operates a financial services business, for ¥5,989 million. Its voting interest after the transfer was 22.29%, and アクリーティブ changed from a consolidated subsidiary to an equity-method affiliate. The company explained that developing a growth strategy under the transferee, which has expertise and know-how in financial services, would be desirable for enhancing corporate value.