Acquisition of an Australian Construction and Development Business Platform
First written in FY2016. 1 of 3 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2018.
No other company in this theme has enough history to compare yet.
- FY2018RestatedAnnual report
「Through the business combination, the company aims to establish a balanced management base capable of responding to changes in the market environment by acquiring competitiveness in the non-residential sector, which had been one of the challenges in expanding the group’s business in Australia. Date of business combination 2 May 2017 Voting rights ratio acquired 70%」
The annual report also confirms the purpose of acquiring Cockram Holdings in Australia, namely to acquire competitiveness in the non-residential sector and establish a balanced management base, as well as the acquisition of a 70% stake. - FY2018-Q2AdvancedAnnual report
「Through the business combination, the company aims to establish a balanced management base capable of responding to changes in the market environment by acquiring competitiveness in the non-residential sector, which had been one of the challenges in expanding the group’s business in Australia. Date of business combination 2 May 2017 Voting rights ratio acquired 70%」
The company acquired shares in Cockram Holdings Pty Limited on 2 May 2017 and made it a consolidated subsidiary with a 70% voting rights ratio. This was a concrete acquisition aimed at acquiring competitiveness in Australia’s non-residential sector and establishing a balanced management base for its business in the country. - FY2016First statedAnnual report
「The company viewed Australia, where stable economic growth is continuing against a backdrop of population growth, as a promising market and considered the optimal approach to business expansion. The acquired company operates both construction and development businesses in Australia, and the company determined that expanding its business fields and achieving future growth with support from the group’s global network, technical capabilities and creditworthiness would increase corporate value by acquiring its shares and making it a subsidiary.」
The company stated that it acquired an Australian construction and development company for cash on 1 April 2015 and made it a subsidiary with a 70% voting rights ratio.