Sale of 株式会社三鈴 and Exclusion from the Scope of Consolidation
First written in FY2017-Q1. 3 of 4 entries say "Restated". Latest entry: FY2017.
- FY2017RestatedAnnual report
「The company entered into a share purchase agreement with RIZAP Group, Inc. (formerly Kenko Corporation) for all shares of its consolidated subsidiary 株式会社三鈴, dated 28 April 2016, and completed the sale of the shares on the same day.」
It reconfirms in the annual report the sale of all shares in 三鈴 and its removal from the scope of consolidation. - FY2017-Q3RestatedAnnual report
「During the first quarter consolidated accounting period, 株式会社三鈴 was removed from the scope of consolidation as a result of the transfer of all shares held by the company.」
It reconfirms the transfer of all shares in 三鈴 and its removal from the scope of consolidation as facts of the first quarter. - FY2017-Q2RestatedAnnual report
「During the first quarter consolidated accounting period, 株式会社三鈴 was removed from the scope of consolidation as a result of the transfer of all shares held by the company.」
It reconfirms the transfer of all shares in 三鈴 and its removal from the scope of consolidation as facts of the first quarter. - FY2017-Q1AchievedAnnual report
「After carefully considering the Group's medium- to long-term synergies and taking into account the further development of 株式会社三鈴, we determined that working with RIZAP Group, Inc. (formerly Kenko Corporation) in the elegant young women's apparel sector in which 三鈴 specializes would lead to future business expansion for 三鈴.」
All shares were transferred on 28 April 2016, and 三鈴 was removed from the scope of consolidation. The stated reasons for the sale were consideration of medium- to long-term synergies and the expansion of 三鈴's business through collaboration with the transferee.