Making 奈良証券 a Subsidiary to Provide Comprehensive Financial Services
First written in FY2018-Q3. 2 of 5 entries say "Achieved", first in FY2019-Q2. Latest entry: FY2020-Q3.
4 other companies' latest entry also says "Achieved".
- FY2020-Q3AchievedAnnual report
「From the cumulative third-quarter period of the current consolidated fiscal year, 奈良証券株式会社 (currently 南都まほろば証券株式会社) has been included in “Other.”」
The current name, 南都まほろば証券株式会社, confirms that the corporate name change following the creation of a wholly owned subsidiary of 奈良証券株式会社 has been completed. It has also been included in the “Other” segment from the cumulative third-quarter period of the current consolidated fiscal year. - FY2019-Q3Added the planned change of corporate nameAnnual report
「The Bank acquired the shares of 奈良証券株式会社 and made it a subsidiary as of 1 October 2018, and made it a wholly owned subsidiary with 100% of the voting rights as of 16 November 2018. 奈良証券株式会社 is scheduled to change its corporate name to 南都まほろば証券株式会社 on 18 March 2019.」
In addition to confirming that 奈良証券株式会社 had become a wholly owned subsidiary with 100% of the voting rights, the filing newly stated that its corporate name was scheduled to change to 南都まほろば証券株式会社 on 18 March 2019. - FY2019-Q2AchievedAnnual report
「As of 16 November 2018, the Bank made 奈良証券株式会社 a wholly owned subsidiary.」
Regarding the creation of a subsidiary of 奈良証券株式会社, the Bank made it a subsidiary on 1 October 2018 and completed its conversion into a wholly owned subsidiary with 100% of the voting rights on 16 November. The acquisition price was ¥875 million, and the objective was to provide a broad range of solutions by combining the customer bases and expertise of the companies and strengthening the Group’s functions. - FY2019-Q1AdvancedAnnual report
「At a meeting of its Board of Directors held on 3 August 2018, the Bank resolved to enter into a share transfer agreement with the shareholders of 奈良証券株式会社 to acquire its shares and make it a subsidiary of the Bank, subject to the approval of the relevant authorities and other conditions.」
The process advanced beyond the basic agreement stage, and on 3 August 2018 the Bank resolved to enter into a share transfer agreement. The voting rights ownership ratio after the acquisition was expected to be 97.75%, and the share transfer was scheduled for 1 October 2018. The Bank stated that it would seek to make 奈良証券株式会社 a wholly owned subsidiary through negotiations with the other shareholders. Execution was subject to obtaining approval from the relevant authorities. - FY2018-Q3First statedAnnual report
「At a meeting of its Board of Directors held on 5 February 2018, the Bank resolved to enter into a basic agreement for specific discussions on acquiring the shares of 奈良証券株式会社 (hereinafter, “奈良証券”) and making it a subsidiary of the Bank, subject to the approval of the relevant authorities and other conditions, and entered into the agreement with its principal shareholders on the same date.」
On 5 February 2018, the Bank entered into a basic agreement premised on acquiring all shares of 奈良証券株式会社, with the aim of providing the comprehensive financial services set out in its medium-term management plan. Subject to the approval of the relevant authorities and other conditions, the plan is to combine the customer bases and expertise of the companies and strengthen the Group’s functions, with execution of the share transfer agreement scheduled for August 2018.