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The Towa Bank (8558) · InitiativeAchieved

Change in Consolidated Subsidiaries Following the Transfer of All Shares in Towa Credit Guarantee Co., Ltd.

First written in FY2020-Q3. 1 of 2 entries say "Achieved", first in FY2020. Latest entry: FY2020.

2entries
1years
0from disclosures
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ProgressHeldSoftenedWorseFirst statedFY2020-Q32020: 22020
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Removal from the Scope of Consolidation Through the Transfer of Shares in a SubsidiaryA theme 314 companies write about · 44 as a headwind · 223 as a tailwind
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Showing 14 of the 156 companies compared. The sentences above are computed from all 156.Comparing 200 of the theme's 397 threads.
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  1. FY2020AchievedAnnual report

    「東和信用保証株式会社は令和２年２月28日付にて当行所有株を当行グループ外の会社に売却したことにより、当連結会計年度から除外しております。」

    東和信用保証株式会社の全株式売却が実施され、令和2年2月28日付で連結範囲から除外された。
  2. FY2020-Q3First statedAnnual report

    「At a meeting of the Board of Directors held on 7 February 2020, the bank resolved to transfer all shares of Towa Credit Guarantee Co., Ltd., its wholly owned subsidiary, to ZENKOKU HOSHO Co.,Ltd. Towa Credit Guarantee Co., Ltd. was established on 4 August 1997 and is a consolidated subsidiary engaged in credit guarantee services for housing loans and other products. The shares were transferred to ZENKOKU HOSHO Co.,Ltd., an industry peer, to improve the operating efficiency of the consolidated subsidiary. Share transfer date: 28 February 2020. Number of shares transferred: 19,800. Transfer price: ¥1,360 million. Ownership interest after transfer: 0%.」

    As a material subsequent event, the resolution and agreement to transfer all shares of the wholly owned subsidiary Towa Credit Guarantee Co., Ltd. to ZENKOKU HOSHO Co.,Ltd. were disclosed. The Board resolution and agreement date was 7 February 2020, the transfer date was 28 February 2020, the transfer price was ¥1,360 million, and the post-transfer ownership interest was 0%.
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Change in Consolidated Subsidiaries Following the Transfer of All Shares in Towa Credit Guarantee Co., Ltd. | THE TOWA BANK,LTD. (8558) | Komori