Strengthening the Tourism Business’s Capital Through a Third-Party Allotment of Shares to MEGURU
First written in FY2022-Q1. 1 of 3 entries say "Achieved", first in FY2022-Q2. Latest entry: FY2022.
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- FY2022AdvancedAnnual report
「In addition, as a result of 株式会社MEGURU conducting its second private placement on 28 February 2022, 株式会社MEGURU and its subsidiaries SHOBUNSHA HAWAII CORPORATION, SHOBUNSHA GUAM CORPORATION, MEGURU SINGAPORE PTE.LTD. and MMS GUAM CORPORATION were excluded from the scope of equity-method accounting.」
The second private placement was conducted to strengthen capital for maintaining and resuming the tourism business, and MEGURU and its overseas subsidiaries were also excluded from the scope of equity-method accounting. - FY2022-Q2AchievedAnnual report
「As a result of 株式会社MEGURU conducting a private placement, the company’s ownership ratio in MEGURU fell from 100.0% to 22.5%. Accordingly, MEGURU and its subsidiaries MMS GUAM CORPORATION, MEGURU SINGAPORE PTE.LTD., SHOBUNSHA HAWAII CORPORATION and SHOBUNSHA GUAM CORPORATION changed from consolidated subsidiaries to equity-method affiliates.」
On 20 July 2021, MEGURU conducted a share consolidation and private placement. The company’s ownership ratio fell from 100.0% to 22.5%, and MEGURU and its overseas subsidiaries changed from consolidated subsidiaries to equity-method affiliates. - FY2022-Q1First statedAnnual report
「The company concluded that it should accept new investors, strengthen its capital base, and prepare for an appropriate reopening in order to maintain business continuity.」
To maintain and prepare for the resumption of its overseas tourism business, MEGURU conducted a private placement. Following the capital increase, the number of issued shares will be 20,000 and the total issue price will be ¥199,990,000. The company’s voting rights ratio will fall from 100.0% to 22.5%, and MEGURU and 4 overseas subsidiaries are expected to become equity-method affiliates.