Komori
Daiichi Life Group (8750) · InitiativeRestated

Integration and Transfer of Functions to Asset Management One

First written in FY2017-Q1. 2 of 4 entries say "Restated". Latest entry: FY2019.

4entries
4years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseAchievedFY2017-Q2RestatedFY2017 – FY20192016: 220162017: 120172018: 020182019: 12019
Same theme, other companies
Establishment of Asset Management One through the integration of 4 asset management functionsA theme 2 companies write about · 0 as a headwind · 2 as a tailwind

1 other company's latest entry also says "Restated".

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Full recordFilings, disclosures and news, newest first
  1. FY2019RestatedAnnual report

    「Asset Management One Co., Ltd., an affiliate of the Company and one of Japan's largest pension asset managers, is a joint venture funded by Mizuho Financial Group,Inc. and the Company. The Company's voting rights ownership ratio in Asset Management One Co., Ltd. is 49%, and its economic interest ratio is 30%.」

    The disclosure reconfirmed for the full year Asset Management One's status as a joint venture following the integration and the Company's ownership ratios.
  2. FY2017RestatedAnnual report

    「The Company's voting rights ownership ratio in Asset Management One Co., Ltd. is 49%, and its economic interest ratio is 30%.」

    The Company's ownership interest following the integration into Asset Management One and its position as an equity-method affiliate were confirmed for the full year.
  3. FY2017-Q2AchievedAnnual report

    「DIAM Asset Management Co., Ltd. integrated with the asset management division of Mizuho Trust & Banking Co., Ltd., Mizuho Asset Management Co., Ltd. and Shinko Asset Management Co., Ltd. effective 1 October 2016, becoming Asset Management One Co., Ltd. Following the integration, the Company's economic interest ratio will be 30% and its voting rights ratio will be 49%.」

    The integration of DIAM Asset Management's functions and its transfer to the new company were completed effective 1 October 2016, and the post-integration ownership ratios were determined.
  4. FY2017-Q1First statedAnnual report

    「In October 2016, the Company planned to integrate the functions of the asset management division of Mizuho Trust & Banking Co., Ltd., Mizuho Asset Management Co., Ltd. and Shinko Asset Management Co., Ltd. and transfer them to the new company Asset Management One Co., Ltd. (hereinafter, “Asset Management One”). The Company's voting rights ownership ratio in Asset Management One is 49%, and its economic interest ratio is 30%.」

    The disclosure specifically describes the integration of DIAM Asset Management's functions and the planned transfer to the new company, as well as Dai-ichi Life's voting rights and economic interest.
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