Business Expansion and Strengthening the Financial Base Through the Capital and Business Alliance with Nissan Securities Group
First written in FY2018. 14 of 16 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2023-Q2.
3 other companies' latest entry also says "Advanced".
- FY2023-Q2AdvancedAnnual report
「The total dividends stated above include dividends of ¥90 thousand on our shares held by The Custody Bank of Japan, Ltd. (trust account) as trust assets of the Stock Delivery Trust for Directors and Other Officers.」
It was disclosed that the corporate name change to "日産証券グループ株式会社" was completed in July 2022, confirming that the reorganization of the group name following the management integration had advanced to the implementation stage. - FY2023-Q1AdvancedAnnual report
「岡藤商事株式会社 (hereinafter, "岡藤商事") and ＮＳトレーディング株式会社 (hereinafter, "ＮＳトレーディング") resolved, based on resolutions of the board of directors of 岡藤商事 and the extraordinary general meeting of shareholders of ＮＳトレーディング, respectively, both held on 17 March 2022, to carry out an absorption-type company split with 岡藤商事 as the splitting company and ＮＳトレーディング as the succeeding company. The transaction was carried out on 25 April 2022.」
As part of business restructuring within the 日産証券 Group, 岡藤商事's proprietary trading business was transferred to ＮＳトレーディング. The consolidation of overlapping functions and businesses following the management integration has advanced further into the implementation stage. - FY2022-Q3AdvancedAnnual report
「This was carried out as part of efforts to improve management efficiency through the restructuring of group businesses and organisational changes.」
As part of the business restructuring and organizational changes following the management integration, shares of 日産証券システムソリューションズ株式会社 were distributed in kind by 日産証券 to our company, changing the direct ownership relationship with the subsidiary. - FY2022-Q2AdvancedAnnual report
「Business separation date 10 September 2021」
As part of the selection and concentration of businesses following the management integration, all shares of 三京証券, which operated the overlapping securities trading business, were transferred on 10 September 2021, and the company was excluded from the scope of consolidation. The Click business and commodity-related market derivatives transactions were also consolidated at 日産証券. - FY2022-Q1AdvancedAnnual report
「At a meeting of the board of directors held on 6 July 2021, we resolved to transfer all shares of our consolidated subsidiary 三京証券株式会社 to 株式会社ジャパンインベストメントアドバイザー.」
As part of the selection and concentration of businesses following the management integration, a resolution was passed to enter into an agreement to transfer all shares of 三京証券 to a third party. In addition, plans were presented to consolidate the businesses of 岡藤商事 and 三京証券 at 日産証券 and discontinue the brokerage business of the related subsidiary. - FY2021AdvancedAnnual report
「Because part of the financial instruments and commodity futures businesses operated by 岡藤商事株式会社 overlapped with businesses operated by 日産証券株式会社, the purpose was to concentrate the management resources for these businesses at 日産証券株式会社 and rationalize business operations.」
As a specific integration measure following the management integration, an absorption-type company split was carried out to concentrate the management resources of overlapping businesses at 日産証券, advancing rationalization. - FY2021-Q3AdvancedAnnual report
「The transfer of the business took effect on 1 January 2021.」
As part of the selection and concentration of businesses following the management integration, the transfer of the securities-related businesses of 3 stores in Niigata Prefecture, which had been decided on, was carried out on 1 January 2021. The transfer price was stated as ¥250 million. - FY2021-Q3AdvancedAnnual report
「At meetings of their respective boards of directors held on 12 November 2020, 岡藤商事株式会社 and 日産証券株式会社 resolved to carry out an absorption-type company split, with 岡藤商事株式会社 as the splitting company and 日産証券株式会社 as the succeeding company, under which 日産証券株式会社 would succeed to part of 岡藤商事株式会社's corporate business and related activities. The absorption-type company split was carried out effective 21 December 2020.」
As an intra-group restructuring following the management integration, part of the overlapping corporate business was transferred to 日産証券 through an absorption-type company split, concentrating management resources and rationalizing business operations. - FY2021-Q2AchievedAnnual report
「Following approval at the annual general meeting of shareholders held on 26 June 2020, the share exchange under which our company became the wholly owning parent company and 日産証券 became the wholly owned subsidiary was carried out effective 1 October 2020 under the share exchange agreement, and the corporate name was changed to 岡藤日産証券ホールディングス株式会社.」
Regarding the management integration with 日産証券, the share exchange agreement took effect, 日産証券 became a wholly owned subsidiary, and the corporate name was changed on 1 October 2020, bringing the integration from the planning stage to completion. Following the integration, the company stated its policy of improving efficiency through system integration and consolidation of overlapping departments. It also decided to transfer the businesses of 3 stores in Niigata Prefecture and the shares of 岡藤日産証券プランニング株式会社, further advancing the selection and concentration of businesses. - FY2020AdvancedAnnual report
「In connection with this management integration agreement, at meetings of the boards of directors of the two companies held on 15 May 2020, we and 日産証券 resolved to conduct a share exchange, with our company as the wholly owning parent company in the share exchange and 日産証券 as the wholly owned subsidiary, effective 1 October 2020, and entered into a share exchange agreement.」
Regarding the management integration with 日産証券, the process advanced from the basic agreement and discussion stage to the execution of a management integration agreement and a share exchange agreement. Because the effective date was set for 1 October 2020, the integration itself had not yet been completed. - FY2020-Q1AdvancedAnnual report
「We resolved to enter into a share transfer agreement with ユニコムグループホールディングス株式会社, the parent company of 日産証券, and to establish a capital alliance by acquiring part of the shares of 日産証券. Payment under the share transfer agreement was completed on 1 August 2019.」
Toward a management integration with 日産証券, 200,000 shares of 日産証券 were acquired, resulting in a post-acquisition ownership ratio of 2.39%. Directors were also seconded to 日産証券, and discussions continued with a view to reaching a definitive agreement by the end of June 2020. - FY2019AdvancedAnnual report
「At an extraordinary meeting of its board of directors held on 8 February 2019, our consolidated subsidiary 岡藤商事株式会社 resolved to transfer its customers for internet trading, among its principal commodity futures business activities, to 日産証券株式会社. The customer transfer was carried out on 29 March 2019.」
In connection with the alliance with 日産証券, the transfer of customers for 岡藤商事株式会社's internet trading business was carried out on 29 March 2019. Measures to select and concentrate management resources and improve operating efficiency advanced from the planning stage to implementation. - FY2019-Q3AdvancedAnnual report
「We and 日産証券 agreed to consider taking the capital and business alliance one step further by pursuing a management integration.」
The two companies agreed to advance the capital and business alliance with 日産証券 toward a management integration and entered into a memorandum of basic agreement on 13 February 2019. The specific integration method, structure, and schedule were to be determined by the time of the definitive agreement, based on discussions and due diligence. - FY2019-Q2AdvancedAnnual report
「Regarding the issuance of shares through a third-party allotment approved at the annual general meeting of shareholders of 日産証券プランニング株式会社 held on 26 June 2018, we applied to subscribe for the shares on 13 July 2018, completed payment on 31 July 2018, and made the company a consolidated subsidiary as of the same date.」
The third-party allotment and acquisition of subsidiary status under the capital and business alliance with 日産証券 proceeded to the execution stage, with payment and the addition of the company as a consolidated subsidiary completed as of 31 July 2018. The percentage of voting rights acquired was 89.80%, and the acquisition cost was ¥60 million. - FY2019-Q1AdvancedAnnual report
「Payment for this third-party allotment was completed on 7 June 2018.」
Regarding the third-party allotment associated with the capital and business alliance with 日産証券, payment was completed on 7 June 2018 and 2,000,000 common shares were allotted. During the first quarter of the current fiscal year, ¥360 million was raised through the issuance of new shares and the disposal of treasury shares, with plans to use the funds for investments in affiliates, M&A funding, and repayment of borrowings. - FY2018First statedAnnual report
「Following these developments, we decided to enter into this third-party allotment, aimed at expanding our business and strengthening our financial base, with the objective of increasing the corporate value of both companies. By issuing our shares to 日産証券, we entered into the capital and business alliance agreement, which would leverage the strengths of both parties, dated 21 May 2018. Payment for this third-party allotment was completed on 7 June 2018.」
A capital and business alliance agreement was entered into with 日産証券, and 2,000,000 shares were allotted through a third-party allotment. The business alliance was expected to cover the development of overseas customers, joint use of trading systems, and the appointment of directors. Funds from the third-party allotment were to be used for investments in affiliates, M&A funding, and repayment of borrowings.