Suruga Bank (8358) · InitiativeAdvanced
Termination of Transactions with Family-Owned Companies
First written in FY2019-Q2. 1 of 3 entries say "Restated". Latest entry: FY2019.
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Termination of Related-Party Transactions with the Founding Family and Family-Owned CompaniesA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2019AdvancedAnnual report
「For loans to family companies, we are proceeding with the collection of loans as they mature, through such measures as offsetting them against deposits and selling real estate held by the family companies.」
Regarding the termination of transactions with family companies, in addition to selling shares held by the founding family and negotiating the collection of receivables, we are proceeding with collection through offsets against deposits for matured loans and sales of real estate held by the companies. - FY2019-Q3RestatedAnnual report
「・Termination of transactions with corporate groups under a certain degree of influence from the founding family (family companies)」
The termination of transactions with family companies was reiterated as an item in the business improvement plan. - FY2019-Q2First statedAnnual report
「Termination of transactions with corporate groups under a certain degree of influence from the founding family (family companies)」
The business improvement plan specifically calls for terminating transactions with corporate groups under a certain degree of influence from the founding family.