Revolution Co., Ltd.
Notice on Changes to Consolidated Subsidiaries (Share Transfer and Deconsolidation) and Exit from Cloud Funding Business by Consolidated Subsidiaries
Transfer of WeCapital stock to Mr. Toshio Miyama leading to removal of REVOLUTION from WeCapital as a consolidated subsidiary. Withdrawal from WeCapital's and YE Co.'s cloud funding businesses; going forward, only a standard building lease relationship will remain. Transfer consideration is 1,000,000 yen; stock value based on a discounted DCF method is 0 yen (base scenario). Mr. Miyama personally assumes a 150 million yen joint guarantee for borrowings.
Key Figures
- Transferred shares: 27,576 shares
- Transfer value: 1,000,000 yen
- Shares owned after transfer: 0 shares
AI要約
Background and Decisions
This matter represents a key restructuring to eliminate REVOLUTION's status as a consolidated subsidiary by transferring WeCapital Co., Ltd.'s shares to Mr. Toshio Miyama, and to withdraw from the cloud funding business of the WeCapital Group and the real estate cloud funding business of YE Co. Internal control deficiencies and past investigations shaped the consideration toward business reconstruction for the WeCapital Group and returning funds to investors.
Conditions of the share transfer and future relationships
The transferee is fixed as Mr. Miyama. The transfer consideration is 1,000,000 yen; after transfer, WeCapital will be excluded from REVOLUTION's consolidation, and going forward only a partial office lease under a regular building lease will remain. Mr. Miyama has pledged cooperation with our company's financial closing processes and will comply with obligations including improving internal governance.
Revolution Co., Ltd.
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