Optimizing the Overseas Portfolio through the Transfer of SUSHI KING Shares
First written in FY2022. 1 of 3 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2026: 1 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Cited as achieved".
- FY2023-Q3Cited as achievedAnnual report
「Following the completion on 18 April 2022 of the transfer of all shares in SUSHI KING SDN. BHD. (SKSB) held by our consolidated subsidiary ASIA YOSHINOYA INTERNATIONAL SDN. BHD. (deemed transfer date: 1 June 2022), SKSB was excluded from the scope of equity-method accounting from the second quarter of the consolidated fiscal period.」
It was reiterated that, following completion of the transfer of the SUSHI KING shares, SKSB was excluded from the scope of equity-method accounting from the second quarter of the consolidated fiscal period. - FY2023-Q1AchievedAnnual report
「Our consolidated subsidiary ASIA YOSHINOYA INTERNATIONAL SDN. BHD. (AYI) transferred to SUSHI KING HOLDINGS SDN. BHD., a subsidiary of Malaysian company TEXCHEM RESOURSES BHD., all shares issued by and held by AYI in SUSHI KING SDN. BHD. (SKSB), our equity-method affiliate, on 18 April 2022.」
The transfer of the entire 28% interest in SUSHI KING was completed on 18 April 2022, leaving no interest after the transfer. The transfer price was RM102.2 million (approximately ¥2.9 billion), and recognition of a ¥1.7 billion special gain in the second quarter of the fiscal year ending February 2023 was expected. - FY2022First statedAnnual report
「As our group is being called upon to undertake major transformation, we are optimizing our business portfolio, including our overseas operations, and strategically allocating resources to growth businesses. We therefore concluded that transferring these shares was the best course of action.」
It was disclosed that a contract had been signed to transfer the entire 28% interest in equity-method affiliate SUSHI KING SDN. BHD. on 18 April 2022, for a transfer price of RM102.2 million, with no remaining interest after the transfer, and that a special gain of approximately ¥1.7 billion was expected for the fiscal year ending February 2023.