Expansion of the Financial Business Through the Conversion of Vietnam PTF into a Wholly Owned Subsidiary
First written in FY2024-Q3. 1 of 3 entries say "Restated". Latest entry: FY2025.
0 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「In February, AEON Financial Service Co., Ltd. made Post and Telecommunication Finance Company Limited, which primarily operates a personal loan business in Vietnam, a wholly owned subsidiary.」
Regarding Vietnam's PTF, the acquisition of 100% of the voting rights was completed on 3 February 2025, making it a wholly owned subsidiary. The acquisition cost was ¥26,316 million, and goodwill of ¥22,217 million was recorded. - FY2025-Q1RestatedAnnual report
「Scheduled date for completion of the interest transfer: second half of 2024」
The plan to acquire 100% of the voting rights in Vietnam's PTF and make it a wholly owned subsidiary for approximately ¥26.2 billion in the second half of 2024 continues to be stated. - FY2024-Q3First statedAnnual report
「To further accelerate the expansion of the AEON lifestyle zone in Vietnam as an integrated group, we decided to acquire an interest in PTF, which operates a personal loan business in the country. We will strengthen our growth strategy and expand the range of products and services offered, with the aim of making it the fourth pillar of AEON Financial Service's international business, thereby enriching the lives of customers in Vietnam.」
AEON Financial Service planned to acquire a 100% interest in PTF, a Vietnamese personal loan company, for approximately ¥26.2 billion and make it a wholly owned subsidiary in 2024. The company plans to expand the AEON lifestyle zone and financial inclusion in Vietnam as the fourth pillar of its international financial business.