Termination of Comprehensive Business Alliance with Mizuho Bank and Making Qubital a Wholly Owned Subsidiary
First written in FY2020-Q2. 1 of 2 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2020-Q3.
1 other company's latest entry also says "Advanced".
- FY2020-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 20 December 2019, we resolved to enter into a basic agreement concerning the absorption-type merger of our consolidated subsidiary, 株式会社キュービタス.」
For Qubital, which became a wholly owned subsidiary after the termination of the alliance with Mizuho Bank, the company progressed to a basic agreement for an absorption-type merger with 1 April 2020 as the effective date. - FY2020-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 22 August 2019, we resolved to terminate, effective 1 October 2019, the comprehensive business alliance agreement implemented under the Comprehensive Business Alliance Basic Agreement dated 24 December 2004 with Mizuho Bank, Ltd., UC Card Co., Ltd. and 株式会社キュービタス, including subsequent amendment agreements. As a result, 株式会社キュービタス became our wholly owned subsidiary. We also transferred the UC Card shares held by us to UC Card, and UC Card was excluded from our equity-method affiliate companies.」
The comprehensive business alliance with Mizuho Bank and others was terminated effective 1 October 2019, and a reorganization was carried out under which Qubital became a wholly owned subsidiary and the investment in UC Card was unwound.