Expansion of the Kansai Store Network Through the Acquisition of the Sogo Kobe and Seibu Takatsuki Businesses
First written in FY2018-Q3. 2 of 5 entries say "Achieved", first in FY2018-Q3. Latest entry: FY2020-Q2.
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- FY2020-Q2AchievedAnnual report
「Effective 1 October 2019, the Sogo Kobe and Seibu Takatsuki businesses were transferred from H2O Asset Management Co., Ltd. to Hankyu Hanshin Department Stores Co., Ltd., and their store names were changed from Sogo Kobe to Kobe Hankyu and from Seibu Takatsuki to Takatsuki Hankyu.」
As part of the post-acquisition integration plan, the businesses were transferred to Hankyu Hanshin Department Stores and the store names of both stores were changed. - FY2020-Q1AdvancedAnnual report
「Because the businesses of Sogo Kobe and Seibu Takatsuki are scheduled to be transferred to 株式会社阪急阪神百貨店 effective 1 October 2019 and their trading names are scheduled to change on the same date from Sogo Kobe to “Kobe Hankyu” and from Seibu Takatsuki to “Takatsuki Hankyu,” the Kobe and Takatsuki businesses have been integrated into the department store business from the current fiscal year.」
Following the acquisition of the businesses, integration into the department store business for performance management purposes began on 1 April 2019, and planning continued for the transfer to Hankyu Hanshin Department Stores and the changes in store names on 1 October. - FY2019-Q3RestatedAnnual report
「Effective 1 October 2019, the businesses of the stores concerned are scheduled to be transferred to 株式会社阪急阪神百貨店, and on the same date their trading names are scheduled to change from Sogo Kobe to “Kobe Hankyu” and from Seibu Takatsuki to “Takatsuki Hankyu.”」
For Sogo Kobe and Seibu Takatsuki, the planned transfer to Hankyu Hanshin Department Stores and the changes in store names on 1 October 2019 are reiterated. - FY2019-Q2AdvancedAnnual report
「Effective 1 October 2019, the businesses of the stores concerned are scheduled to be transferred to 株式会社阪急阪神百貨店, and on the same date their trading names are scheduled to change from Sogo Kobe to “Kobe Hankyu” and from Seibu Takatsuki to “Takatsuki Hankyu.”」
As part of the integration plan following the acquisition of the Sogo Kobe and Seibu Takatsuki businesses, plans were announced for the businesses to be transferred to Hankyu Hanshin Department Stores and the store names to be changed to Kobe Hankyu and Takatsuki Hankyu. - FY2018-Q3AchievedAnnual report
「Based on the final agreement concerning the acquisition of the Sogo Kobe and Seibu Takatsuki businesses signed with Seven & i Holdings Co.,Ltd. in August 2017, the businesses of Sogo Kobe and Seibu Takatsuki were acquired on 1 October of the same year.」
Under the final agreement, the succession of the Sogo Kobe and Seibu Takatsuki businesses was completed on 1 October 2017. For the time being, the stores continued to operate under their existing names and with their existing services. The businesses were acquired through an absorption-type company split and the acquisition of shares by way of H2O Asset. A new Kobe-Takatsuki Business segment was established; the acquisition cost was ¥15,125 million, the voting rights acquisition ratio was 100%, and a gain on negative goodwill of ¥2,010 million was recognized.