Transfer of All Shares in イグアス and Acceptance of External Capital
First written in FY2017. 2 of 4 entries say "Cited as achieved", first in FY2018-Q3. Latest entry: FY2019-Q1.
- FY2019-Q1Cited as achievedAnnual report
「As of the end of the first quarter of the fiscal year ending March 2018, all shares of Iguazu, which belonged to the distribution segment, had been sold. Accordingly, the group has conducted no business activities in the distribution segment from the beginning of the second quarter of the fiscal year ending March 2018.」
The completed sale of all Iguazu shares is cited in explaining the year-on-year decline in revenue and the business composition for the current quarter. - FY2018-Q3Cited as achievedAnnual report
「As all shares of イグアス, which belonged to the distribution field, were sold at the end of the first quarter, イグアス was excluded from the scope of consolidation.」
The completed sale of all Iguazu shares is cited in explaining the business composition and scope of consolidation for the cumulative third quarter period. - FY2018-Q1AchievedAnnual report
「The agreement was reached because the changes in the organizational structure accompanying the transfer would accelerate management decision-making for business expansion without being constrained by conventional frameworks, while also enabling the company to use the various networks and management expertise of Mizuho Capital Partners, laying the groundwork for future growth.」
On 30 June 2017, the company transferred all Iguazu shares and excluded the company from its scope of consolidation. It recorded a gain on the sale of shares of ¥184 million, completing the organizational changes associated with accepting external capital. - FY2017First statedAnnual report
「At a meeting of the Board of Directors held on 9 May 2017, the company resolved to transfer all shares of its consolidated subsidiary, Iguazu, to IG Holdings, which is primarily funded by MCP4 Investment Limited Partnership, whose general partner is MCD4, a service provider to Mizuho Capital Partners. The company entered into a share transfer agreement on the same day. Scheduled transfer date: 30 June 2017; transfer price: ¥2 billion; ownership interest after the transfer: —%. In connection with the share transfer, the company will subscribe to a third-party allotment by IGHD and acquire shares representing 5% of the company.」
The company entered into an agreement to transfer all Iguazu shares for ¥2 billion on 30 June 2017, as scheduled, and planned to acquire a 5% interest in IG Holdings after the transfer. The reasons cited were partnerships with external companies, faster management decision-making, and expansion into new business areas to support Iguazu's business growth.