Reviewing the Alliance with Mori Trust and Moving Toward an Independent Growth Strategy
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2017.
1 other company's latest entry also says "Restated".
- FY2017RestatedAnnual report
「株式会社森トラスト・ホールディングス及び森トラスト株式会社は、平成28年６月30日付で同社より持分法適用対象外となる旨の報告を受けたことから、「その他の関係会社」に該当しないこととなりました。」
森トラストとの人的・持分法上の関係が解消されたことを、関係会社の状況として継続記載している。 - FY2017-Q3RestatedAnnual report
「Regarding changes in major affiliated companies, at the Company’s annual general meeting of shareholders held on 29 June 2016, the outside director from Mori Trust Co., Ltd. changed from officeholder to no longer serving, ending the personnel ties with the company. In addition, after receiving notice from the company dated 30 June 2016 that the Company would no longer be subject to the equity-method accounting, Mori Trust Co., Ltd. and ㈱森トラスト・ホールディングス ceased to qualify as “other affiliated companies” of the Company.」
The Company continues to state that the personnel relationship with Mori Trust and the equity-method relationship have ended. - FY2017-Q2RestatedAnnual report
「Regarding changes in major affiliated companies, at the Company’s annual general meeting of shareholders held on 29 June 2016, the outside director from Mori Trust Co., Ltd. changed from officeholder to no longer serving, ending the personnel ties with the company. In addition, after receiving notice from the company dated 30 June 2016 that the Company would no longer be subject to the equity-method accounting, Mori Trust Co., Ltd. and ㈱森トラスト・ホールディングス ceased to qualify as “other affiliated companies” of the Company.」
The Company continues to state that the personnel relationship with Mori Trust and the equity-method relationship have ended. - FY2017-Q1AdvancedAnnual report
「At the Company’s annual general meeting of shareholders held on 29 June 2016, the outside director from Mori Trust Co., Ltd. changed from officeholder to no longer serving, ending the personnel ties with the company. In addition, after receiving notice from the company dated 30 June 2016 that the Company would no longer be subject to the equity-method accounting, Mori Trust Co., Ltd. and ㈱森トラスト・ホールディングス ceased to qualify as “other affiliated companies” of the Company.」
The personnel relationship with Mori Trust and the equity-method relationship ended, concretely eliminating its position as an affiliated company. The disclosure does not state that the independent growth strategy itself had been achieved. - FY2016First statedAnnual report
「With regard to the capital and business alliance with Mori Trust Co., Ltd., we reviewed the alliance last November because we had achieved its original objectives, including improved management efficiency and a stronger financial position. In response to changes in the business environment, we believe that ending the collaborative redevelopment relationship based on our shared ownership of the underlying land and considering and pursuing our own multifaceted growth strategy will maximize our corporate value.」
The relationship has shifted from efficiency improvements and financial enhancement through the alliance to ending collaboration through the underlying land and considering and pursuing an independent growth strategy.