Transfer of Shares in サポタント株式会社 through the Selection and Concentration of Management Resources
First written in FY2019-Q2. 1 of 2 entries say "Achieved", first in FY2019-Q3. Latest entry: FY2019-Q3.
- FY2019-Q3AchievedAnnual report
「The company transferred all of its holdings in its consolidated subsidiary サポタント株式会社 as of 30 November 2018.」
The transfer of all shares in サポタント株式会社 to select and concentrate management resources was completed. The company recorded a ¥122.688 million gain on the sale of shares in an affiliate and excluded サポタント株式会社 from the scope of consolidation. - FY2019-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 19 October 2018, the company resolved that, as part of its efforts to pursue the “selection and concentration” of management resources, it would transfer all shares in its consolidated subsidiary サポタント株式会社 to 株式会社クロス・コミュニケーション, which has extensive experience in Web system development and Web production, and entered into a share transfer agreement. As a result, the company expects to record an extraordinary gain of approximately ¥140 million on the sale of shares in an affiliate as an extraordinary gain in the consolidated financial results for the third quarter of the fiscal year ended March 2019. In connection with the share transfer, サポタント株式会社 will be excluded from the company’s consolidated subsidiaries.」
The company decided to transfer all shares in サポタント株式会社 for the purpose of selecting and concentrating management resources. It expects to record an approximately ¥140 million gain on the sale of shares in an affiliate in the third quarter of the fiscal year ended March 2019 and plans to exclude the company from its consolidated subsidiaries.