Building Retail and New Businesses by Making JALUX a Consolidated Subsidiary
First written in FY2022-Q2. 3 of 6 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2024-Q1.
No other company in this theme has enough history to compare yet.
- FY2024-Q1AdvancedAnnual report
「In May, we launched the online shopping mall JAL Mall and worked to improve the ease of earning and using miles by offering distinctive products through synergies with JALUX Inc. (hereinafter, JALUX).」
Synergy initiatives with consolidated subsidiary JALUX progressed with the launch of JAL Mall in May and the rollout of distinctive products. - FY2023-Q2AdvancedAnnual report
「As a result, our Group's voting rights in JALUX increased from 60.3% to 69.7%.」
Additional acquisitions of JALUX shares increased the voting rights ratio from 60.3% to 69.7%, strengthening control after JALUX became a consolidated subsidiary. - FY2023-Q1AdvancedAnnual report
「With regard to JALUX Inc., which became a consolidated subsidiary in the previous fiscal year, we jointly advanced the sale of flight simulator experiences and the development of new products by mutually leveraging the expertise and resources of our company and JALUX.」
Following the consolidation of JALUX as a subsidiary, the companies progressed to the stage of jointly leveraging their expertise and resources to sell flight simulator experiences and develop new products. - FY2022AchievedAnnual report
「We worked to expand our business domains by leveraging our customer base and provide new value in customers' daily lives and at different life stages, including making JALUX Inc. a consolidated subsidiary of our Group in March 2022.」
Acquired additional JALUX shares on 24 March 2022 and completed the consolidation of JALUX as a subsidiary, with a 60.3% voting rights ratio. - FY2022-Q3RestatedAnnual report
「We positioned 株式会社ＪＡＬＵＸ (JALUX) as the core company in our non-air businesses and announced on 2 November that we would conduct a tender offer for its shares jointly with Sojitz Corporation, with the aim of making JALUX a consolidated subsidiary by the end of the current fiscal year in order to achieve substantial expansion of its business areas and earnings growth.」
Continued to present the tender offer plan to make JALUX a consolidated subsidiary and expand into non-aviation businesses during the quarter. - FY2022-Q2First statedAnnual report
「At meetings of their respective boards of directors held on 2 November 2021, our company and Sojitz Corporation resolved that SJ Future Holdings Co., Ltd., which our company and Sojitz plan to jointly capitalize for this purpose, would acquire JALUX Inc.'s common shares through a tender offer. JALUX is a trading and distribution company and an equity-method affiliate of our company.」
Decided to launch a tender offer toward making JALUX a consolidated subsidiary, with the aim of developing new businesses in the retail and aviation sectors by leveraging JAL's customer base and brand, as well as Sojitz's network and business investment expertise. The company also disclosed plans to begin the tender offer around early February 2022, acquire 6,091,166 shares at ¥2,560 per share, and the expected voting rights ratio after the acquisition.