Entry into the housing-related materials business through the acquisition of システックキョーワ
First written in FY2021-Q3. 4 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2022-Q3.
5 other companies' latest entry also says "Advanced".
- FY2022-Q3AdvancedAnnual report
「Revenue increased 20.2% year on year, or ¥3,371 million, to ¥20,040 million, mainly because of increased orders in the electronic components field and the consolidation of 株式会社システックキョーワ (housing-related materials) as a subsidiary. Segment profit increased 125.4% year on year, or ¥1,174 million, to ¥2,111 million, due to these factors as well as the recovery in the clothing business.」
The consolidation of システックキョーワ as a subsidiary continued to be reflected in the first nine months’ results as a factor behind higher revenue and profit in the 생활関連 business. - FY2022-Q2AdvancedAnnual report
「Revenue increased to ¥13,610 million, up ¥2,987 million, or 28.1%, year on year, owing mainly to an increase in orders in the electronic components field and the acquisition of システックキョーワ (housing-related materials) as a subsidiary. Segment profit increased to ¥1,417 million, up ¥1,008 million, or 247.2%, year on year, owing to these revenue growth factors and a recovery in the apparel business.」
The consolidation of システックキョーワ as a subsidiary continued to be reflected in the first-half results as a factor behind higher revenue and profit in the 생활関連 business. - FY2022-Q1AdvancedAnnual report
「Revenue increased 25.6% year on year, or ¥1,294 million, to ¥6,363 million, mainly because of increased orders in the electronic components field and the consolidation of 株式会社システックキョーワ (housing-related materials) as a subsidiary. Segment profit increased 294.5% year on year, or ¥535 million, to ¥716 million, due to these factors as well as the clothing business returning to profitability.」
The consolidation of システックキョーワ as a subsidiary was reflected in the consolidated results as a factor behind higher revenue in the 생활関連 business, which recorded increases in both revenue and profit. - FY2021AdvancedAnnual report
「At a meeting of the Board of Directors held on 21 January 2021, the company resolved to acquire 100% of the issued shares of 株式会社システックキョーワ (hereinafter, “システックキョーワ”) and make it a subsidiary. It also entered into a share transfer agreement on the same date and acquired all of the company’s shares on 1 February 2021 under that agreement.」
The acquisition of 100% of システックキョーワ was completed on 1 February 2021, and entry into the housing-related materials field was reflected in the full-year consolidated results. - FY2021-Q3First statedAnnual report
「At a Board of Directors meeting held on 21 January 2021, the Company resolved to acquire 100% of the issued shares of Systec Kyowa Co., Ltd. and make it a subsidiary. It also entered into a share transfer agreement on the same date and acquired the company's shares on 1 February 2021 under that agreement.」
As an investment in non-coal production businesses in line with the medium-term management plan, the company made システックキョーワ, which plans, manufactures and sells hardware and plastic products for housing and furniture, a wholly owned subsidiary.