Making GSX a Wholly Owned Subsidiary through the Additional Acquisition of a 49% Stake in GSX
First written in FY2017. 3 of 6 entries say "Cited as achieved", first in FY2024-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2022: 2 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Cited as achieved".
- FY2024Cited as achievedAnnual report
「As a result of the sale, the Company's ownership interest decreased from 46.74% to 41.14%. As the Company lost control of the entity, it became an equity-method investee of the Company.」
Following the transition of GSX from a consolidated subsidiary to an equity-method investee, the Company disclosed an ownership interest of 39.9% and equity-method investments of ¥16,735 million at fiscal year-end. - FY2024-Q2Cited as achievedAnnual report
「As a result of the sale, the Company's ownership interest decreased from 46.74% to 41.14%. As the Company lost control of the entity, it became an equity-method investee of the Company.」
The disclosure provides details of the transition from a consolidated subsidiary to an equity-method investee following the partial sale of GSX shares, with the ownership interest falling to 41.14%. - FY2024-Q1Cited as achievedAnnual report
「The gain recognized from the loss of control of the subsidiary arising from this transaction was ¥18,145.566 million.」
Regarding the partial sale of GSX shares carried out in FY2023, the quarterly report provides detailed disclosure of the ¥18,145.566 million gain arising from the loss of control and the transition to an equity-method investee. - FY2023AchievedAnnual report
「On 10 May 2023, the Company sold part of its interest in its consolidated subsidiary, Global Security Experts Inc. (GSX), making it an equity-method associate.」
The sale of 400,000 GSX shares was completed on 10 May 2023, reducing the voting rights ownership ratio to 40.89%. The Company transitioned to a position focused on securing GSX's management independence and concentrating resources on the BBS Cycle. - FY2022ReframedAnnual report
「The consolidated subsidiary Global Security Experts Inc. conducted a public offering and other capital-raising activities in connection with its new listing on the Mothers market of the Tokyo Stock Exchange.」
Following the additional acquisition of GSX and its conversion into a wholly owned subsidiary, its status changed to that of a listed subsidiary after an IPO and public offering, with voting rights ownership standing at 66.0% at fiscal year-end. - FY2017AchievedAnnual report
「On 27 February 2017, we acquired all of the GSX shares held by Sigmaxis, representing 49% of the total number of shares issued.」
The joint venture agreement with Sigmaxis was terminated, and the additional acquisition of 49% of GSX's shares was completed on 27 February 2017.