Making 上光証券 a Full-Service Securities Subsidiary Through a Share Exchange
First written in FY2017. 3 of 8 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2022.
0 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「We are further strengthening cooperation with our securities subsidiary, 北洋証券株式会社, to propose products aligned with diverse asset management needs, offering higher-value-added products and services that would be difficult for the bank alone to provide.」
Following the acquisition of 上光証券 as a wholly owned subsidiary in October 2018 and the subsequent corporate name change in April 2019, we continued to expand products and services through collaboration with 北洋証券. - FY2019RestatedAnnual report
「Our bank and 上光証券株式会社 carried out a share exchange effective 1 October 2018, under which our bank became the wholly owning parent company and 上光証券 became the wholly owned subsidiary. The voting rights ratio after acquisition was 100.0%.」
We confirmed the completion of the acquisition of 上光証券 as a wholly owned subsidiary and the acquisition of 100% of the voting rights. Its corporate name was changed to 北洋証券株式会社 effective 1 April 2019. - FY2019-Q3RestatedAnnual report
「Our bank and 上光証券株式会社 (hereinafter, “上光証券”) carried out a share exchange effective 1 October 2018, under which our bank became the wholly owning parent company and 上光証券 became the wholly owned subsidiary.」
We confirmed that the planned acquisition of 上光証券 as a wholly owned subsidiary had been completed and included it in the scope of consolidation from the third-quarter consolidated accounting period. The voting rights ratio after acquisition was 100.0%, and the plan to change its name to 北洋証券株式会社 from 1 April 2019 remained in place. - FY2019-Q2AchievedAnnual report
「Our bank and 上光証券株式会社 (hereinafter, “上光証券”) carried out a share exchange effective 1 October 2018, under which our bank became the wholly owning parent company and 上光証券 became the wholly owned subsidiary. Voting rights ratio after acquisition 100.0%」
The plan to make 上光証券 a wholly owned subsidiary progressed from the planning and agreement stages to completion of the share exchange on 1 October 2018 and acquisition of 100% of the voting rights. A plan was also disclosed to change its name to 「北洋証券株式会社」 from 1 April 2019. - FY2019-Q1AdvancedAnnual report
「Subject to filings with the relevant authorities and the acquisition of the necessary licenses and approvals, the share exchange was scheduled to take place with an effective date of 1 October 2018. As a result, the number of common shares to be delivered by our bank in the share exchange was scheduled to be 3,100,000, all of which our bank planned to fund with treasury shares (no new shares would be issued in order to prevent dilution from a new share issue). Accordingly, our bank acquired these treasury shares on 14 May 2018.」
Following execution of the share exchange agreement for making 上光証券 a wholly owned subsidiary, our bank acquired 3,100,000 treasury shares, and 上光証券’s shareholders meeting to approve the transaction was held on 27 June 2018. Procedures progressed toward the effective date of 1 October 2018. - FY2018AdvancedAnnual report
「At the meeting of the Board of Directors held on 10 May 2018, we resolved to make 上光証券 a wholly owned subsidiary of our bank through a share exchange and executed a share exchange agreement with 上光証券. Subject to filings with the relevant authorities and the acquisition of the necessary licenses and approvals, the share exchange was scheduled to take place with an effective date of 1 October 2018.」
The plan to make 上光証券 a wholly owned subsidiary progressed from the basic agreement and consideration stage to execution of the share exchange agreement, with an effective date of 1 October 2018 scheduled. - FY2018-Q1AdvancedAnnual report
「At the meeting of the Board of Directors held on 12 May 2017, we resolved the basic policy regarding a share exchange under which our bank would be the wholly owning parent company and 上光証券株式会社 (hereinafter, “上光証券”) would be the wholly owned subsidiary, and entered into a basic agreement (hereinafter, the “Basic Agreement”) to proceed with specific studies and discussions.」
The plan to make 上光証券 a wholly owned securities subsidiary progressed to a Board resolution and execution of a basic agreement. The planned execution of the share exchange agreement in August 2017 and the planned effective date of 1 January 2018 were also disclosed. - FY2017First statedAnnual report
「We began considering bringing 上光証券, a Hokkaido-based community-oriented securities company, into our banking group as a wholly owned comprehensive securities subsidiary. The objective is to meet customers’ diverse needs with optimal services by expanding our product lineup through collaboration between the bank and securities company and creating one-stop consultation services.」
A share exchange with an effective date of 1 January 2018 was planned, together with bank-securities collaboration, product expansion and one-stop consultation services through the acquisition of 上光証券 as a subsidiary. 上光証券 was stated to have 7 branches and 67 employees.