Making Prime Quest Three and Four wholly owned subsidiaries and changing the scope of consolidation
First written in FY2020-Q1. 1 of 2 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2020-Q2.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
11 other companies' latest entry also says "Advanced".
- FY2020-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 13 August 2019, the company resolved to absorb and merge its consolidated subsidiaries Prime Quest Three Co., Ltd. and Prime Quest Four Co., Ltd., entered into a merger agreement on the same date, and completed the absorption-type merger effective 1 October 2019.」
The 2 companies that became wholly owned subsidiaries and were included in the scope of consolidation in the first quarter completed an absorption-type merger effective 1 October 2019. The company explained that the purpose was to simplify the organization holding the trust beneficiary interests in the Shinjuku Sumitomo Building. - FY2020-Q1First statedAnnual report
「The company acquired all shares of Prime Quest Three Co., Ltd., the operator of Tokumei Kumiai Prime Quest Three, and Prime Quest Four Co., Ltd., the operator of Tokumei Kumiai Prime Quest Four, and made both companies wholly owned subsidiaries. Accordingly, the 2 companies were included in the scope of consolidation, while the 2 tokumei kumiai were excluded from the scope of consolidation.」
During the first quarter of the current consolidated fiscal year, the company acquired all shares of 2 companies and made them wholly owned subsidiaries, adding them to the scope of consolidation while removing the corresponding 2 tokumei kumiai.