Rights and Brands' deconsolidation and transition to an equity-method affiliate
First written in FY2022. 2 of 4 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2023-Q3.
0 other companies' latest entry also says "Achieved".
- FY2023-Q3AchievedAnnual report
「At a meeting of the Board of Directors held on 13 July 2023, the company resolved to transfer all shares of ㈱ライツ・アンド・ブランズ, an equity-method affiliate held by its consolidated subsidiary ㈱ムーミン物語. Based on this resolution, ㈱ムーミン物語 entered into a share transfer agreement on the same date and transferred the shares on 14 July 2023. As a result, RBJ will be removed from the scope of the company's equity-method accounting.」
Following the transfer of all shares on 14 July 2023, RBJ changed from a consolidated subsidiary to an equity-method affiliate and was subsequently removed from the scope of the company's equity-method accounting. - FY2023-Q2RestatedAnnual report
「From the first-quarter consolidated accounting period, ㈱ライツ・アンド・ブランズ, formerly a consolidated subsidiary, was no longer deemed to be under our substantive control. It was therefore removed from the scope of consolidation and included in the scope of equity-method accounting.」
The company continues to describe ライツ・アンド・ブランズ' removal from consolidation and conversion to an equity-method affiliate, with the result that its licensing business is no longer included in consolidated net sales. - FY2023-Q1AchievedAnnual report
「From the first-quarter consolidated accounting period, ㈱ライツ・アンド・ブランズ, formerly a consolidated subsidiary, was no longer deemed to be under our substantive control. It was therefore removed from the scope of consolidation and included in the scope of equity-method accounting.」
During the first-quarter consolidated accounting period, ライツ・アンド・ブランズ changed from a consolidated subsidiary to an equity-method affiliate. - FY2022First statedAnnual report
「MC and R&B were expected to hold a combined 57.7% of RBJ's shares, while our subsidiary ㈱ムーミン物語 was expected to hold 42.3%. As a result, RBJ no longer qualified as a consolidated subsidiary of the company under the substantive control criterion and changed to an equity-method affiliate.」
Moomin Characters Oy Ltd and R&B Licensing AB were expected to acquire a majority of RBJ's shares, and RBJ was expected to change from a consolidated subsidiary to an equity-method affiliate following the planned share transfer in May 2023.