Company split, joint venture formation and equity interest transfer for the Chrome Hearts business
First written in FY2016. 4 of 7 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AchievedAnnual report
「CHROME HEARTS JP合同会社 excluded from equity-method affiliates in December 2024」
All scheduled sales of the equity interests in the CHROME HEARTS business were completed in December 2024, and it was also excluded from the equity-method affiliates. - FY2023RestatedAnnual report
「In connection with the formation of CH合同会社, on 27 May 2016 the company entered into a Purchase and Sale and Unit Holders Agreement with Frankster, Inc., a company controlled by the founder of the "CHROME HEARTS" brand. As a result of the company's transfer of its equity interests in CH合同会社 to Frankster USA, LLC under that agreement, CH合同会社 has been an equity-method affiliate rather than a consolidated subsidiary since January 2021. In addition, the company plans to cease holding any equity interests in CH合同会社 from January 2025.」
The company reaffirmed that the CHROME HEARTS business is operated through an equity-method affiliate and that it plans to cease holding equity interests from January 2025. - FY2021-Q3AdvancedAnnual report
「CHROME HEARTS JP合同会社, whose fiscal year-end is December and which operates 10 stores, became an equity-method affiliate of the company at the end of the third-quarter consolidated accounting period. From the current third-quarter consolidated accounting period, CHROME HEARTS JP 合同会社, formerly a consolidated subsidiary, became an affiliate due to the decrease in the company's ownership ratio, and was therefore excluded from the scope of consolidation and accounted for under the equity method.」
CHROME HEARTS was scheduled to leave the group of consolidated subsidiaries, and at the end of the third quarter it in fact became an equity-method affiliate due to the decrease in the ownership ratio and was excluded from the scope of consolidation. - FY2017-Q3AdvancedAnnual report
「In connection with the transfer of the CHROME HEARTS business to the company's consolidated subsidiary CHROME HEARTS JP 合同会社 through the company split dated 1 October, the operation of the business's 10 stores was transferred to that subsidiary.」
The company split and transfer of the CHROME HEARTS business to the subsidiary were carried out on 1 October, and operation of the 10 stores was transferred to the subsidiary. - FY2017-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 29 July 2016, the company resolved to approve the absorption-type company split agreement relating to this company split and entered into the agreement with the new CH company on the same date.」
The company split agreement for the CHROME HEARTS business was approved and executed, with the effective date set as 1 October 2016. - FY2017-Q1AdvancedAnnual report
「Date of establishment 1 July 2016」
CROME HEARTS JP合同会社, the company succeeding to the CHROME HEARTS business, was established on 1 July 2016. The effective date of the company split was scheduled for 1 October 2016. - FY2016First statedAnnual report
「The rights and obligations relating to the CHROME HEARTS business operated by the company will be transferred, by way of a simplified absorption-type company split, to a limited liability company newly established by the company, after which the equity interests in the limited liability company will be transferred to a company managed and operated by Richard Stark, the founder of the CHROME HEARTS brand, and his relatives.」
Following the company split in October 2016, the company plans to transfer the equity interests in several installments from December 2016 through December 2024 and operate the business as a joint venture until the transfer is complete.