Acquisition of shares in QFPay Japan Co., Ltd. and application of the equity method
First written in FY2017-Q3. 2 of 4 entries say "Dropped", first in FY2018. Latest entry: FY2019-Q3.
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- FY2019-Q3DroppedAnnual report
「As announced on 30 October in the notice concerning revisions to the earnings forecast, the Company will record a ¥54 million gain on liquidation of investment securities as extraordinary income in connection with the liquidation of 株式会社Avenry, whose shares the Company holds.」
For Avenry, the successor to QFPay Japan, a ¥54 million gain on liquidation of investment securities was recorded in connection with its liquidation, bringing the Company's initiatives involving investees and equity-method affiliates to the liquidation stage. - FY2018DroppedAnnual report
「In addition, 株式会社Avenry, an equity-method affiliate of the Company and formerly known as QF Pay Japan株式会社, issued new shares following the exercise of stock acquisition rights by ウィズ・アジア・エボリューション・ファンド投資事業有限責任組合. This resulted in dilution of the Company's shareholding and reduced its voting-rights ratio in the company to below 1%, so the Company decided to exclude it from its equity-method affiliates.」
Avenry, the successor to QFPay Japan, was excluded from the Company's equity-method affiliates after the issuance of new shares diluted the voting-rights ratio to below 1%. - FY2017RestatedAnnual report
「In November, the Company established QFPay Japan株式会社, a joint venture with QFPay, which provides mobile payment solutions using WeChat Pay and other services in China, and with ㈱ウィズ・パートナーズ, to roll out those systems in Japan, and began preparations.」
The establishment of QFPay Japan as a joint venture and the start of preparations for its mobile payments business in Japan continued to be confirmed throughout the fiscal year; its voting-rights ownership ratio as an equity-method affiliate was 20.1%. - FY2017-Q3First statedAnnual report
「In addition, because the Company acquired shares in ＱＦＰａｙ Ｊａｐａｎ株式会社 during the third quarter of the current consolidated accounting period, the company has been included within the scope of equity-method accounting.」
The Company acquired shares in QFPay Japan株式会社 during the third quarter of the current consolidated accounting period and made it an equity-method investee.