Reliance on Banking Subsidiary Dividends and Management Fees
First written in FY2017. 2 of 3 entries say "Restated". Latest entry: FY2019.
17 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「The Company is a bank holding company and depends on dividends and management fees received from bank subsidiaries and other entities directly owned by the Company for the majority of its income. Under certain circumstances, various regulatory restrictions could limit the amount of dividends that the Company’s bank subsidiaries and other entities can pay to the Company.」
Dependence on dividends and management fees from bank subsidiaries, and the possibility of dividend restrictions due to regulations or subsidiary performance, are disclosed again. - FY2018RestatedAnnual report
「The Company is a bank holding company and depends on dividends and management fees received from bank subsidiaries and other entities directly owned by the Company for the majority of its income.」
Dependence on dividends and management fees from bank subsidiaries, and the possibility of dividend restrictions due to subsidiary performance or regulations, are disclosed again. - FY2017First statedAnnual report
「The Company is a bank holding company and depends on dividends and management fees received from bank subsidiaries and other entities directly owned by the Company for the majority of its income.」
Dependence on dividends and management fees from bank subsidiaries, and the possibility that shareholder dividends could be restricted by regulations or subsidiary performance, are disclosed for the first time as risks specific to a holding company.