Organizing Transactions with the Parent Company in Preparation for Listing and Maximizing Capital Efficiency
First written in FY2019-Q3. 3 of 6 entries say "Restated". Latest entry: FY2021-Q2.
0 other companies' latest entry also says "Advanced".
- FY2021-Q2AdvancedAnnual report
「As a result of the secondary offering, SoftBank Group Japan Corp.’s stake fell from 62.0% at the end of June 2020 to 40.2%. Following completion of the offering, the Company remained a consolidated subsidiary of SoftBank Group, and will continue to develop new businesses in collaboration with SoftBank Group with the aim of enhancing corporate value.」
The parent company conducted a secondary offering of the Company’s shares, reducing its stake from 62.0% to 40.2%. The relationship as a consolidated subsidiary and the policy of collaboration were maintained. - FY2020RestatedAnnual report
「Adjusted free cash flow is a metric calculated by excluding from free cash flow cash flows related to temporary transactions with SoftBank Group Corp., the parent company, and other parties for the preparation of the listing of the Company’s common shares, or transactions that will not occur after listing; adding funds raised through the securitisation of instalment receivables from terminals; and subtracting the related repayments.」
The Company continues to use a framework for a financial metric that excludes temporary transactions with the parent company and other items to show its underlying cash-generation capacity. - FY2020-Q2RestatedAnnual report
「These transactions are unrelated to the Company’s ordinary business activities and will not occur after listing. To ensure comparability with free cash flow from operating and investing activities after listing,」
The Company continues to use a framework that excludes temporary transactions with the parent company to show its underlying cash-generation capacity. Temporary transactions with the parent company were reported as ¥0 million for the second quarter. - FY2020-Q1RestatedAnnual report
「These transactions are unrelated to the Company’s ordinary business activities and will not occur after listing. To ensure comparability with free cash flow from operating and investing activities after listing,」
The Company continues to use a framework that adjusts for temporary transactions with the parent company to show its underlying cash-generation capacity. Temporary transactions with the parent company were reported as ¥0 million for the quarter ended 30 June 2019. - FY2019AdvancedAnnual report
「From the standpoint of independence from the parent company and management stability, the Company eliminated funding borrowings and other such transactions during the fiscal year.」
The Company progressed with the streamlining of funding transactions with the parent company in preparation for post-listing comparisons, including repayment of borrowings from the parent company and the release of guarantees. - FY2019-Q3First statedAnnual report
「SoftBank Group, including the Company, conducts funding transactions among group companies, including lending and borrowing surplus funds, to maximise capital efficiency. These transactions are unrelated to the Company’s ordinary business activities and will not occur after listing. To ensure comparability with free cash flow from operating and investing activities after listing,」
The Company describes a policy of adjusting for temporary transactions with the parent company that will not occur after listing in order to show the business’s underlying cash-generation capacity.