Transfer of Shares in 米子髙島屋 and Maintaining Regional Coexistence
First written in FY2020-Q2. 1 of 3 entries say "Restated". Latest entry: FY2021-Q1.
- FY2021-Q1AchievedAnnual report
「Two subsidiaries, including the consolidated subsidiary ㈱米子髙島屋, ceased to be affiliated companies as a result of share transfers.」
The company stated that 2 subsidiaries, including 米子髙島屋, ceased to be affiliated companies following share transfers, indicating that the share transfers had reached the execution stage. - FY2020-Q3RestatedAnnual report
「The company reached a basic agreement with a local company to transfer all of its shares in 米子髙島屋 in March 2020. It plans to enter into a trademark and other licensing agreement with 米子髙島屋 and provide business support to keep the store operating.」
Continued the policy of keeping 米子髙島屋 operating through the March 2020 share transfer, a trademark licence and business support. - FY2020-Q2First statedAnnual report
「At a meeting of the company’s Board of Directors held on 11 October 2019, the company resolved to enter into a basic agreement to transfer all shares in its consolidated subsidiary 株式会社米子髙島屋 (米子髙島屋) to 株式会社ジョイアーバン in March 2020, and signed a basic agreement with that company on the same date. The company plans to enter into a trademark and other licensing agreement with 米子髙島屋 and grant it permission to use the trademarks owned by the company and used by 米子髙島屋. Accordingly, from March 2020 onward, 米子髙島屋 is scheduled to continue operating under the temporary trading name JU Yonago Takashimaya.」
The company first indicated a plan to transfer all shares in 米子髙島屋 in March 2020 and continue operations under a new trading name pursuant to a trademark licence. The aim is to maintain ties with the local community.