Reorganization of the Korean business through the transfer of all shares in Korean Ministop
First written in FY2022. 1 of 2 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2023-Q1.
- FY2023-Q1AchievedAnnual report
「Regarding all shares in the consolidated subsidiary Ministop Korea Co., Ltd., we entered into a share transfer agreement with LOTTE Corporation dated 21 January 2022 and transferred all shares on 29 March 2022. In connection with this share transfer, Ministop Korea Co., Ltd. was excluded from the scope of consolidation from the beginning of the first quarter of the current consolidated accounting period.」
The transfer of all shares in Ministop Korea was completed, and the company was excluded from the scope of consolidation from 1 March 2022. A gain on the sale of shares in an affiliate of ¥2,383.1 million was recorded in connection with the transfer. - FY2022First statedAnnual report
「We decided to transfer all shares in Ministop Korea. Number of shares transferred: 5,080,000 (ownership interest: 100%); transfer price: KRW 320,988 million (approximately ¥31,071 million); shares owned after the transfer: 0 (ownership interest: 0%).」
The company transferred all shares in Ministop Korea to concentrate and improve the efficiency of its management resources, completing the transfer on 29 March 2022. Ministop Korea was excluded from the scope of consolidation from the beginning of the following fiscal year, and a gain on the sale of shares in an affiliate of approximately ¥23 billion was expected.