Discontinuation of Underwriting Services and Focus on Financial Asset Management Advisory Services
First written in FY2022. 1 of 3 entries say "Advanced", first in FY2024-Q2. Latest entry: FY2024.
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- FY2024AchievedAnnual report
「As part of these reforms, the first in 20 years, the company changed its president and significantly rejuvenated and streamlined its management team, while discontinuing the underwriting business, whose relative importance to the company’s management had declined.」
The discontinuation of the underwriting business, targeted for the end of December 2022, has been completed, and fees from underwriting, secondary offerings and related activities were ¥0 million for the period. - FY2024-Q2AdvancedAnnual report
「Second quarter of the current fiscal year (April 2023–September 2023) Fees from underwriting, secondary offerings, and solicitations for sales to specified investors, etc. 0」
For the cumulative second-quarter period after the deadline set under the policy to discontinue the underwriting business, fees from underwriting and related activities were ¥0 million. - FY2022First statedAnnual report
「As part of the reforms, we have decided to discontinue the underwriting business, which is unprofitable and has become relatively less important to our management, by the end of December 2022, with a view to specializing further in financial asset management advisory services.」
The company discontinued its underwriting business around the end of December 2022 and shifted its business focus to financial asset management advisory services, recording this policy for the first time as a standalone topic.