Strategic review of the individual installment credit business following the transfer of AEON Product Finance
First written in FY2024-Q3. 2 of 4 entries say "Restated". Latest entry: FY2025-H1.
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- FY2025-H1RestatedAnnual report
「The Company signed a share transfer agreement dated 11 January 2024 to transfer all issued shares of its former consolidated subsidiary AEON Product Finance Co., Ltd. to Orient Corporation, and transferred all shares on 25 March 2024.」
The transfer of all shares of AEON Product Finance and its exclusion from the scope of consolidation have been reaffirmed as part of the portfolio review of the individual installment sales business. - FY2025-Q1RestatedAnnual report
「The Company signed a share transfer agreement dated 11 January 2024 to transfer all issued shares of its former consolidated subsidiary AEON Product Finance Co., Ltd. to Orient Corporation, and transferred all shares on 25 March 2024.」
The transfer of all shares of AEON Product Finance was completed, and the company was excluded from the scope of consolidation beginning in the first quarter. - FY2024AchievedAnnual report
「At a meeting of the Board of Directors held on 11 January 2024, the Company resolved to transfer all issued shares of its consolidated subsidiary AEON Product Finance Co., Ltd. to Orient Corporation and signed the share transfer agreement, completing the transfer on 25 March 2024.」
The transfer of all shares of AEON Product Finance was completed on 25 March 2024, completing the execution phase of the review of the individual installment sales business portfolio. - FY2024-Q3First statedAnnual report
「As we review our business portfolio in response to the rapidly changing business environment in recent years, we concluded that the individual installment sales business required a strategic review, including alliances with other companies. Based on this view, we determined that Orient Corporation would be the optimal partner for AEON Product Finance, as a partnership between Orient Corporation and AEON Product Finance could combine and complement their respective strengths, enabling us to gain greater trust and support from customers and merchants and establish a stronger business foundation. Accordingly, we decided to transfer the shares. The transfer price was ¥25.0 billion, with completion scheduled for 19 March 2024.」
As part of the review of the business portfolio, the Company signed an agreement to transfer all shares of AEON Product Finance to Orient Corporation. In the individual installment sales business, the Company indicated a policy of combining and complementing the strengths of both companies through its alliance with Orient Corporation.