FACT Co., Ltd. to Become a Wholly Owned Subsidiary Through a Simplified Share Exchange and the Creation of Synergies
First written in FY2023-Q3. 1 of 3 entries say "Achieved", first in FY2024-Q1. Latest entry: FY2024-Q2.
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- FY2024-Q2RestatedAnnual report
「On 1 October 2023, we conducted a simplified share exchange under which we became the wholly owning parent company and 株式会社FACT became the wholly owned subsidiary. In connection with the share exchange, we allotted and delivered 350,000 of our common shares.」
The notes on changes in shareholders' equity reconfirm that FACT became a wholly owned subsidiary on 1 October 2023 and that 350,000 common shares were delivered. - FY2024-Q1AchievedAnnual report
「At a meeting of the Board of Directors held on 14 August 2023, we resolved to conduct a share exchange with 株式会社FACT (hereinafter, "FACT"), with us as the wholly owning parent company and FACT as the wholly owned subsidiary, and entered into a share exchange agreement. The process of making FACT a wholly owned subsidiary was completed through a simplified share exchange effective 1 October 2023. The share exchange is intended to enable cross-selling of services based on the companies' respective consulting expertise, further growth at FACT through the deployment of our sales resources and use of our sales channels, and substantial synergies. It is also expected to strengthen our group's business growth support framework for clients.」
FACT became a wholly owned subsidiary effective 1 October 2023. The voting interest acquired was 100% and 350,000 shares were delivered. Cross-selling of services, use of sales resources and sales channels, and strengthening the business growth support framework are expected to generate synergies. - FY2023-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 14 August 2023, we resolved to conduct a share exchange, with us as the wholly owning parent company and 株式会社FACT (hereinafter, "FACT") as the wholly owned subsidiary, with 1 October 2023 as the scheduled effective date, and entered into a share exchange agreement on the same date. In addition to expecting further growth at FACT through the deployment of our sales resources and use of our sales channels, we determined that the transaction could generate substantial synergies by enabling us to provide services based on FACT's proprietary consulting expertise to our existing and potential clients.」
The company first disclosed its plan to enter into a share exchange agreement on 14 August 2023 and make FACT a wholly owned subsidiary effective 1 October 2023. It explains that synergies will be generated by providing FACT's consulting expertise to existing and potential clients and using sales resources and sales channels. The planned voting interest to be acquired is 100%, the planned number of shares to be delivered is 350,000, and the share exchange ratio is 1 share of our company for 350 shares of FACT.