Tokyu (9005) · InitiativeCited as achieved
Making Nagano Tokyu Department Store a Wholly Owned Subsidiary Through a Share Exchange
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2021. Latest entry: FY2022-Q2.
2entries
1years
0from disclosures
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Making Nagano Tokyu Department Store a Wholly Owned Subsidiary Through a Share ExchangeA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2022-Q2Cited as achievedAnnual report
「The Company carried out a share exchange effective 1 June 2021, under which the Company became the wholly owning parent company and Nagano Tokyu Department Store Co., Ltd. became the wholly owned subsidiary. As a result, treasury shares decreased by ¥827 million during the cumulative second quarter of the fiscal year.」
The transformation of Nagano Tokyu Department Store into a wholly owned subsidiary is reiterated as a completed organizational restructuring involving a change in treasury shares. - FY2021AchievedAnnual report
「Subsequently, the share exchange was carried out on the effective date, completing the transformation of Nagano Tokyu Department Store Co., Ltd. into a wholly owned subsidiary.」
Through the share exchange effective 1 June 2021, Nagano Tokyu Department Store became a wholly owned subsidiary. The purposes were to realize Group synergies, increase flexibility in decision-making and reduce costs by delisting the company.