In-house production and share expansion through the acquisition of shares in T Secure
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2022-Q3.
No other company in this theme has enough history to compare yet.
- FY2022-Q3RestatedAnnual report
「During the second quarter consolidated accounting period, T SECURE INTERNATIONAL CO., LTD. became a consolidated subsidiary following the additional acquisition by consolidated subsidiary Meiko Shokai Co., Ltd. of shares in a partner factory in Thailand.」
The conversion of T SECURE INTERNATIONAL CO.,LTD. into a consolidated subsidiary is reconfirmed as a major change among affiliated companies during the cumulative third-quarter consolidated accounting period. - FY2022-Q2AdvancedAnnual report
「From the second quarter consolidated accounting period, T SECURE INTERNATIONAL CO.,LTD. (shares acquired on 2 August 2021) has been included in the scope of consolidation.」
Regarding T Secure, the process advanced from the plan to make it a subsidiary by the end of March 2022, and additional shares were acquired on 2 August 2021, making it a consolidated subsidiary. - FY2021RestatedAnnual report
「Although we acquired a 14.9% stake in T Secure International Co., Ltd., our partner factory in Thailand, in March 2020, we plan to make it a subsidiary by the end of March 2022 and establish an integrated manufacturing and sales structure. This will enable the group to manufacture approximately 80% of the shredders it sells internally. We aim to further expand our share of the office shredder market by strengthening our ability to ensure a stable supply of products and by reliably maintaining and developing manufacturing technologies within the group.」
The acquisition of a 14.9% stake in T Secure, the planned conversion into a subsidiary by the end of March 2022, and the policy of producing approximately 80% of sales volume in-house are reconfirmed. - FY2020First statedAnnual report
「In March 2020, we acquired a 14.9% stake in T Secure International Co., Ltd., our partner factory in Thailand, and signed an agreement with the seller to acquire all of the remaining shares by the end of March 2022. This will enable the group to manufacture approximately 80% of the shredders it sells within the group. We aim to further expand our share of the office shredder market by strengthening our ability to ensure a stable supply of products and by reliably maintaining and developing manufacturing technologies within the group.」
Through the acquisition of a 14.9% stake in T Secure, a partner factory in Thailand, and an agreement to acquire the entire company by the end of March 2022, the group aims to manufacture approximately 80% of its shredder sales volume in-house, ensuring stable supply, maintaining technology and expanding its market share. This measure is described for the first time.