Worth reading
22Immaterial
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Mixed performance
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Definitive
How definitive the wording is.This transaction
Partial transfer of the Okasan Online Securities business (absorption-type company split)CounterpartySBI SECURITIES CO., LTD.
Disclosing companyOKASAN SECURITIES GROUP INC.
Target company
Okasan Online Securities business operated through an online-only channel
| Item | Details |
|---|---|
| Transaction name | Partial transfer of the Okasan Online Securities business (absorption-type company split) |
| Counterparty name | SBI SECURITIES CO., LTD. |
| Business Description of the Subject Company | Okasan Online Securities business operated through an online-only channel |
Items this document does not state (29)
Name of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceDate of board resolutionContract DateExecution Date / Effective DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Competition over fees has intensified in the online-only channel, making it increasingly difficult to continue providing high value-added services. At the same time, expertise in marketing and digital technologies has become established within the Group. The Group will therefore pursue focus and select and optimize its business portfolio, concentrating management resources on the digital strategy area centered on face-to-face consulting.
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