Expanding construction capabilities and the government construction business through the acquisition of 玉紘工業
First written in FY2017-Q1. 9 of 26 entries say "Restated". Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 25 March 2025, we resolved to transfer all shares in 玉紘工業㈱ held by our consolidated subsidiary ファシリティーマネジメント㈱. As of 31 May 2025, the date of the share transfer, 玉紘工業㈱ was excluded from our consolidated subsidiaries.」
Regarding 玉紘工業, the process advanced from the previous focus on expanding the public construction and air-conditioning equipment businesses after the acquisition to the completion of the transfer of all shares and exclusion from consolidation. - FY2025ReframedAnnual report
「玉紘工業㈱ joined our Group in March 2016, has several construction supervisors, participates in public construction tenders mainly in Adachi Ward, and has carried out construction work including air-conditioning equipment installation. …We decided to transfer the shares of 玉紘工業㈱ in order to respond to future changes in our business environment.」
Regarding 玉紘工業, the policy shifted from the previous focus on expanding the public construction and air-conditioning equipment businesses after the acquisition to transferring the shares in response to changes in the business environment. The transfer is scheduled for 31 May 2025. - FY2025-H1AdvancedAnnual report
「玉紘工業㈱'s revenue and operating profit exceeded the previous interim consolidated accounting period as construction work, including air-conditioning renovation projects at elementary and junior high schools in Adachi Ward and metropolitan high schools, progressed steadily.」
At 玉紘工業, air-conditioning renovation projects at elementary and junior high schools in Adachi Ward and metropolitan high schools progressed steadily, and revenue and operating profit exceeded the previous year. This indicates a concrete improvement from the prior situation of continued underperformance in the public construction business. - FY2025-Q1WorsenedAnnual report
「玉紘工業㈱'s revenue exceeded the same quarter of the previous year, but operating profit fell significantly below it because public construction tenders covering the period from the previous fiscal year to the current fiscal year were unsuccessful.」
玉紘工業's revenue exceeded the previous year, while operating profit fell significantly below it because public construction tenders were unsuccessful, constraining progress in the public construction business. - FY2024WorsenedAnnual report
「玉紘工業㈱ steadily received orders including fluorocarbon inspections at municipal elementary and junior high schools, but revenue and operating profit both fell below the previous year because progress on some public construction projects was significantly delayed and public construction tenders were unsuccessful.」
Air-conditioning and inspection orders remained steady, while significant delays in public construction projects and unsuccessful tenders resulted in 玉紘工業's revenue and operating profit falling below the previous year. - FY2024-Q2WorsenedAnnual report
「Orders for air-conditioning equipment repairs and maintenance inspections remained steady, but revenue and operating profit fell below the same quarter of the previous year, mainly because progress on public construction projects was significantly delayed and tender activity was weak.」
In the facilities and maintenance business operated by ファシリティーマネジメント and 玉紘工業, air-conditioning-related orders remained steady, but significant delays in public construction projects and weak tender activity resulted in revenue of ¥501 million and segment profit of ¥7 million. - FY2024-Q1WorsenedAnnual report
「The facilities and maintenance business is operated by ファシリティーマネジメント㈱ and 玉紘工業㈱. Revenue was ¥220 million, down 36.6% year on year, and segment profit was ¥9 million, down 71.3%. Although air-conditioning equipment inspection services for the amusement and food-service industries progressed steadily, performance fell below the previous year because progress on public construction projects was delayed and tender activity was weak.」
Although air-conditioning equipment inspection services performed steadily, revenue and segment profit in the facilities and maintenance business fell below the previous year because of delays in public construction projects and weak tender activity. - FY2023-Q3WorsenedAnnual report
「At ファシリティーマネジメント㈱, orders for cleaning services and other work were recovering, but revenue and operating profit both fell below the same quarter of the previous year because orders from major customers failed to grow. At 玉紘工業㈱, revenue and operating profit both fell below the same quarter of the previous year because there were few large-scale construction projects.」
Against the backdrop of post-acquisition collaboration and order expansion, ファシリティーマネジメント posted lower revenue and profit because of weak orders from major customers, while 玉紘工業 was affected by the limited number of large-scale projects. - FY2023-Q2RestatedAnnual report
「Revenue from the facilities and maintenance business was ¥682 million, up 0.7% year on year, and segment profit was ¥38 million, up 81.1%. Performance exceeded the same quarter of the previous year due to increased orders for cleaning services and steady progress on public construction projects, among other factors.」
In the facilities and maintenance business operated by ファシリティーマネジメント and 玉紘工業, increased cleaning orders and progress on public construction projects continued, resulting in revenue and segment profit exceeding the previous year. No new stage change has been indicated in the post-acquisition collaboration or initiatives in the public construction business. - FY2023-Q1AdvancedAnnual report
「Performance exceeded the same quarter of the previous year due to a trend toward increased cleaning services, mainly for the amusement and food-service industries, winning tenders for public construction projects, and improved profit margins through collaboration between the two companies.」
For ファシリティーマネジメント and 玉紘工業, the disclosure describes winning tenders for public construction projects and improved profit margins through collaboration, indicating that post-acquisition collaboration and initiatives in the public construction business have contributed to an upside in performance. - FY2022RestatedAnnual report
「玉紘工業株式会社 exceeded the previous year as public construction orders remained steady and orders for private-sector construction progressed.」
The direction of expanding private-sector construction orders in addition to public construction orders continues. - FY2021AdvancedAnnual report
「玉紘工業株式会社 exceeded the previous year as orders for private-sector construction progressed in addition to public construction orders.」
Orders for private-sector construction progressed in addition to public construction orders, and 玉紘工業's performance reached the stage of exceeding the previous year. - FY2021-Q3RestatedAnnual report
「玉紘工業株式会社's performance fell below the same quarter of the previous year due to the impact of interruptions and postponements of construction work.」
The impact of construction interruptions and postponements continues, but no change has been indicated in the policy of collaboration and business expansion after the acquisition. - FY2021-Q2RestatedAnnual report
「玉紘工業株式会社's performance exceeded the same quarter of the previous year despite the impact of interruptions and postponements of construction work.」
Although 玉紘工業 was affected by interruptions and postponements of construction work, performance exceeded the previous year, and the themes of business expansion and collaboration after the acquisition continue. - FY2021-Q1Constraints on public construction projectsAnnual report
「玉紘工業株式会社's performance exceeded the same quarter of the previous year despite interruptions to public construction projects and project plan reviews.」
While public construction projects were interrupted and plans were reviewed, 玉紘工業's performance exceeded the previous year. Business expansion after the acquisition continues, but some constraints have emerged in the government construction business. - FY2020-Q1ReframedAnnual report
「Although orders for private-sector construction and other work received through cooperation with ファシリティーマネジメント株式会社 increased, the number of bidding projects related to government agencies was low, and performance remained below that of the same quarter of the previous year.」
Regarding the expansion of the government construction business identified at the time of the acquisition, the limited number of government-related tenders has affected performance, while the focus has shifted toward securing private-sector construction orders through collaboration with ファシリティーマネジメント. - FY2019RestatedAnnual report
「玉紘工業株式会社's performance fell below the previous year partly because of a decline in orders from public institutions and other customers, but it is advancing the expansion of private-sector construction orders through collaboration with ファシリティーマネジメント株式会社.」
While orders from public institutions and others have declined, the policy of using collaboration with ファシリティーマネジメント to expand private-sector construction orders continues. - FY2019-Q2RestatedAnnual report
「ファシリティーマネジメント株式会社 and 玉紘工業株式会社 are pursuing the expansion of plumbing construction and maintenance services requiring technical capabilities through their collaboration as a priority initiative, and performance remained at approximately the previous year's level.」
The expansion of plumbing construction and maintenance services requiring technical capabilities through collaboration between the two companies continues as a priority initiative. Performance was described as being at approximately the previous year's level, with no new completion stage indicated. - FY2019-Q1RestatedAnnual report
「ファシリティーマネジメント株式会社 and 玉紘工業株式会社 are pursuing the expansion of plumbing construction and maintenance services requiring technical capabilities through their collaboration as a priority initiative, but revenue fell below plan.」
The policy of expanding the collaboration between the two companies into plumbing construction and maintenance services requiring technical capabilities continues. However, it is stated that revenue fell below plan. - FY2018-Q3AdvancedAnnual report
「At ファシリティーマネジメント株式会社, the cleaning management division performed steadily, supported by the acquisition of new customers and orders for short-term cleaning services. The facilities management division advanced ancillary work related to air-conditioning renovations in collaboration with 玉紘工業, but revenue fell below the same quarter of the previous year amid a decline in facility repair projects.」
Collaboration with 玉紘工業 progressed to the stage of advancing ancillary work related to air-conditioning renovations. However, revenue for the cleaning and maintenance business as a whole fell below the previous year because of a decline in facility repair projects. - FY2018-Q2RestatedAnnual report
「玉紘工業株式会社 secured orders during the period for air-conditioning dismantling and cleaning work, among others, but revenue fell below the same quarter of the previous year due to delays in construction schedules and other factors.」
玉紘工業 received orders for air-conditioning dismantling and cleaning work, among others, while revenue fell below the previous year because of delays in construction schedules. No new completion milestone has been indicated regarding the policy of expanding the business after the acquisition. - FY2018-Q1AdvancedAnnual report
「The two companies have further strengthened their collaborative framework for maintenance inspections and equipment repairs related to air-conditioning equipment, initiatives they have pursued since the previous fiscal year, thereby enhancing their technical and proposal capabilities.」
Collaboration between ファシリティーマネジメント株式会社 and 玉紘工業株式会社 has progressed to the stage of covering maintenance inspections and equipment repairs for air-conditioning equipment, with the collaborative framework being further strengthened to enhance technical and proposal capabilities. - FY2017AdvancedAnnual report
「Sales activities through joint projects between ファシリティーマネジメント株式会社 and 玉紘工業株式会社 led to the acquisition of new orders for air-conditioning equipment construction.」
Following the acquisition of 玉紘工業, collaboration progressed from the implementation of sales activities to winning new orders for air-conditioning equipment construction. - FY2017-Q3AdvancedAnnual report
「We also accelerated the joint project between ファシリティーマネジメント株式会社 and 玉紘工業株式会社 and began sales activities and air-conditioning installation work.」
In addition to 玉紘工業株式会社's government projects, sales activities and air-conditioning construction began under joint projects with ファシリティーマネジメント株式会社. Collaboration after the acquisition has progressed to the concrete implementation stage. - FY2017-Q2RestatedAnnual report
「玉紘工業株式会社's government-related projects, including those for municipal elementary schools, have progressed steadily, and it is accelerating its collaborative framework with ファシリティーマネジメント株式会社 on various projects.」
Collaboration continues between 玉紘工業's government projects and ファシリティーマネジメント株式会社. No new completion stage or quantified results from the collaboration have been indicated. - FY2017-Q1First statedAnnual report
「The acquisition of shares is intended to bring the company, which has multiple skilled workers and subcontractors, including site agents for plumbing construction, under our umbrella. The aims are not only to improve the technical capabilities of construction-related subsidiaries such as ファシリティーマネジメント株式会社, but also to benefit from incorporating government construction projects, an area of weakness in our business portfolio.」
On 30 March 2016, we acquired all shares of 玉紘工業, with the aim of generating synergies with the cleaning and maintenance business, improving the technical capabilities of construction-related subsidiaries and incorporating government construction projects.