Increase in Equity Interest Through Additional Acquisition in Korean Ministop
First written in FY2020-Q1. 2 of 4 entries say "Achieved", first in FY2020. Latest entry: FY2022.
Ministop moved to the "Worse" side of this theme in 2022, 4 years before the typical company in this theme (2026).
The whole theme swung hardest in 2026: 2 of 14 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2022ReframedAnnual report
「After comprehensively assessing the future outlook, the Company determined that transferring Korean MINISTOP to a third party capable of supporting its sustainable growth would be in the best interests of both the Group and Korean MINISTOP, in terms of optimizing Group management and concentrating and improving the efficiency of management resources.」
The policy changed from raising the voting rights ratio in Korean MINISTOP to 100% through an additional acquisition to transferring all shares to a third party and entrusting its sustainable growth to that third party. - FY2021-Q1AchievedAnnual report
「The Company acquired shares in its consolidated subsidiary Korean MINISTOP Co., Ltd., which operates convenience stores in South Korea, to hold an equity interest in the company. Following the acquisition, the Company's voting rights ratio in the company will be 100.0%.」
The additional acquisition increased the voting rights ratio in Korean MINISTOP from 96.1% to 100.0% on 26 June 2020. - FY2020AchievedAnnual report
「The Company acquired shares in Korean MINISTOP Co., Ltd., which operates convenience stores in South Korea, to hold an equity interest in the company. Following the acquisition, the Company's voting rights ratio in the company will be 96.1%.」
The share acquisition was completed on 10 June 2019, increasing the voting rights ratio in Korean MINISTOP to 96.1%. - FY2020-Q1First statedAnnual report
「The Company acquired shares in Korean MINISTOP Co., Ltd., which operates convenience stores in South Korea, to hold an equity interest in the company. Following the acquisition, the Company's voting rights ratio in the company will be 96.1%.」
The transaction increased the voting rights ratio in Korean MINISTOP to 96.1% through the share acquisition on 10 June 2019. The stated consideration was ¥4,014 million in cash.