Management integration through a share exchange with Marukyo
First written in FY2017-Q2. 6 of 9 entries say "Cited as achieved", first in FY2018-Q1. Latest entry: FY2019-Q3.
No other company in this theme has enough history to compare yet.
- FY2019-Q3Cited as achievedAnnual report
「In the same period of the previous year, a gain on bargain purchase of ¥17,354 million arising from the share exchange with Marukyo was recorded as extraordinary income.」
It cites the completed share exchange with Marukyo and identifies the ¥17,354 million gain on bargain purchase in the same period of the previous year as a factor in the comparison with the current period. - FY2019-Q2Cited as achievedAnnual report
「In the same period of the previous year, a gain on bargain purchase of ¥17,354 million arising from the share exchange with Marukyo was recorded as extraordinary income.」
It cites the completed share exchange with Marukyo as a historical transaction and identifies the gain on bargain purchase in the same period of the previous year as a factor in comparing profit with the current period. - FY2019-Q1Cited as achievedAnnual report
「With respect to the business combination with Marukyo completed on 1 March 2017, provisional accounting treatment had been applied during the first quarter of the previous consolidated fiscal year, but was finalized during the second quarter. Accordingly, the amounts after revision upon finalization of the provisional accounting treatment are used for comparison and analysis with the cumulative first-quarter results of the previous consolidated fiscal year.」
It again cites the 1 March 2017 business combination with Marukyo as a completed historical transaction and uses comparative information after the accounting treatment was finalized. - FY2018-Q3Cited as achievedAnnual report
「From the first quarter of the consolidated fiscal year, Marukyo and its consolidated subsidiary Aoki Shoji Co., Ltd. have been included in the scope of consolidation as a result of the share exchange with Marukyo.」
It reconfirms that the business integration with Marukyo through a share exchange has been completed and that Marukyo and Aoki Shoji have been included in the scope of consolidation from the first quarter. - FY2018-Q2Cited as achievedAnnual report
「From the first quarter of the consolidated fiscal year, Marukyo and its consolidated subsidiary Aoki Shoji Co., Ltd. have been included in the scope of consolidation as a result of the share exchange with Marukyo.」
It reconfirms that the business integration with Marukyo through a share exchange has been completed and that Marukyo and Aoki Shoji have been included in the scope of consolidation from the first quarter. - FY2018-Q1Cited as achievedAnnual report
「On 1 March 2017, the Company completed a share exchange under which it became the wholly owning parent company and Marukyo Co., Ltd. became the wholly owned subsidiary (the "Share Exchange").」
The business integration with Marukyo through a share exchange has been completed, and the filing describes the details of the business combination and consolidation after Marukyo became a wholly owned subsidiary. - FY2017AchievedAnnual report
「The share exchange agreement was approved at the Company's extraordinary shareholders' meeting held on 21 December 2016 and Marukyo's annual shareholders' meeting held on 15 December 2016, and the share exchange was completed with 1 March 2017 as the effective date.」
The share exchange with Marukyo was completed on 1 March 2017, making Marukyo a wholly owned subsidiary. - FY2017-Q3AdvancedAnnual report
「At a meeting of its Board of Directors held on 21 October 2016, the Company resolved to enter into the business integration agreement and the share exchange agreement relating to the business integration with Marukyo, and entered into both agreements with Marukyo on the same date. ... At the same Board meeting, the Company also resolved to enter into a share transfer agreement to acquire the common shares of Marukyo held by Nishi-Nippon Railroad Co.,Ltd., entered into the agreement with Nishi-Nippon Railroad Co.,Ltd. on the same date, and acquired 1,568,000 common shares of Marukyo on 21 November 2016.」
In addition to entering into the business integration agreement and share exchange agreement with Marukyo and progressing to approval at the shareholders' meeting, the Company acquired 1,568,000 common shares in advance. The effective date was scheduled for 1 March 2017. - FY2017-Q2First statedAnnual report
「The companies reached the conclusion that, as community-based food supermarkets, the optimal approach would be to integrate their management resources and expertise while respecting each other's distinctiveness and independence, thereby strengthening their competitiveness. Based on this principle of equality, they reached a basic agreement to integrate their operations, with the Company becoming the holding company and Marukyo becoming an operating subsidiary. ... Effective date of the share exchange: 1 March 2017 (scheduled)」
They reached a basic agreement on the business integration with Marukyo, making Marukyo a wholly owned subsidiary through a share exchange, with 1 March 2017 scheduled as the effective date.