Separation of profitable and unprofitable segments through a newly established company split of the golf course operations business
First written in FY2021-Q2. 1 of 3 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021AchievedAnnual report
「Misuzu Kaihatsu Co., Ltd. has been removed from the scope of consolidated subsidiaries following completion of its liquidation.」
The liquidation of the split company following the incorporation-type company split transferring the golf course operations business to Misuzu Country Co., Ltd. was completed, completing the corporate reorganization. - FY2021-Q3AdvancedAnnual report
「Effective 4 December 2020, we established Misuzu Country Co., Ltd. (golf course operations) through an incorporation-type company split and included it in the scope of consolidation from the third quarter of the current fiscal year. On 4 December 2020, we carried out an incorporation-type company split under which Misuzu Kaihatsu Co., Ltd., a consolidated subsidiary, was the split company and Misuzu Country Co., Ltd. was the newly established company. Misuzu Kaihatsu Co., Ltd., the split company, is scheduled to be liquidated in March 2021. Upon liquidation, we expect to inherit approximately ¥4.2 billion in tax loss carryforwards from Misuzu Kaihatsu Co., Ltd.」
The incorporation-type company split for the golf course operations business became effective on 4 December 2020, and the newly established company became subject to consolidation from the third quarter. The split company was scheduled for liquidation in March 2021, and the company stated that it expected to inherit approximately ¥4.2 billion in tax loss carryforwards. - FY2021-Q2First statedAnnual report
「We decided to carve out the golf course operations business of the split company into a new company through an incorporation-type company split and stabilize our management base by separating the profitable business from the unprofitable operations. The split company is scheduled to be liquidated after the incorporation-type company split.」
We decided to undertake a restructuring in which the golf course operations business of the consolidated subsidiary would be transferred to a newly established company, separating the profitable business from the unprofitable operations. The effective date is scheduled for 4 December 2020, and the new company plans to have capital of ¥50 million and issue 100,000 common shares.