Absorption-type company split of the credit card membership business into Gunma Bank Card
First written in FY2023-Q1. 1 of 2 entries say "Achieved", first in FY2023-Q2. Latest entry: FY2023-Q2.
No other company in this theme has enough history to compare yet.
- FY2023-Q2AchievedAnnual report
「The main breakdown of the decreases in assets and liabilities and other changes accompanying the transfer of the Bank's credit card membership business to 群銀カード, an equity-method, non-consolidated subsidiary, through an absorption-type company split is as follows.」
In connection with the absorption-type company split effective 1 April 2022, the Bank's credit card membership business was transferred to 群銀カード, and proceeds of ¥4,437 million from the transfer of the business can be confirmed in the interim consolidated statement of cash flows. - FY2023-Q1First statedAnnual report
「Business combination date 1 April 2022 An absorption-type company split under which the Bank was the splitting company and its equity-method, non-consolidated subsidiary 群銀カード was the successor company The Bank Group operates its credit card membership business through the Bank and 群銀カード. Through this absorption-type company split, the Bank Group aims to improve operational efficiency, further enhance services through the specialised expertise of a dedicated credit card company serving customers, accelerate decision-making and respond flexibly to market conditions.」
Effective 1 April 2022, the Bank transferred its credit card membership business to 群銀カード, an equity-method, non-consolidated subsidiary, through an absorption-type company split. The aims are to improve the efficiency of group operations, enhance specialised services through a dedicated credit card company, accelerate decision-making and respond flexibly to market conditions.