Establishment of a Joint Holding Company by 3 Domestic Port Transportation Companies and Capital Alliance with Kamigumi
First written in FY2019. 3 of 4 entries say "Restated". Latest entry: FY2020-Q3.
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- FY2020-Q3RestatedAnnual report
「During the cumulative consolidated second-quarter period, capital surplus increased by ¥12,662 million as a result of the partial sale of shares in consolidated subsidiary KLKG Holdings Co., Ltd. Primarily as a result of this, capital surplus totaled ¥13,721 million at the end of the third-quarter consolidated accounting period.」
The increase in capital surplus associated with the partial sale of KLKG Holdings shares was reconfirmed. The share sale itself had already been disclosed by the previous quarter, and no progress on a new transaction was stated. - FY2020-Q2RestatedAnnual report
「During the cumulative consolidated second-quarter period, capital surplus increased by ¥12,662 million as a result of the partial sale of shares in consolidated subsidiary KLKG Holdings Co., Ltd.」
Capital surplus increased by ¥12,662 million in connection with the partial sale of shares in KLKG Holdings, which brings together 3 domestic port transportation companies. The partnership with Kamigumi and the partial transfer itself had already been completed in the previous fiscal year. - FY2020-Q1RestatedAnnual report
「In addition, effective utilization of assets through the alliance with Kamigumi Co.,Ltd. (hereinafter, “Kamigumi”), which began in April 2019, is progressing at the domestic terminals.」
Following the partnership with Kamigumi, which began on 1 April 2019, we confirmed that domestic terminal assets are being utilized more effectively. The establishment of the joint holding company and the share transfer itself had already been completed in the previous filing. - FY2019AchievedAnnual report
「A joint share transfer in which 3 domestic port transportation subsidiaries of the company would become wholly owned subsidiaries of the share-transfer company, and the newly established joint holding company would become the wholly owning parent company established through the share transfer」
KLKGホールディングス株式会社 was established, and 49% was transferred to Kamigumi Co.,Ltd. on 1 April 2019, resulting in a 51% ownership interest after the transfer. The purpose was to improve the quality of port transportation and domestic logistics services.