A series of capital alliance transactions involving the partial transfer of shares in ベルネージュダイレクト and a third-party allotment capital increase by MEGMILK SNOW BRAND Co., Ltd., through which ベルネージュダイレクト became an equity-method affiliate and the three companies sought to leverage one another’s expertise and management resources, followed by the transfer of all shares and its removal from the scope of equity-method accounting.