Strengthening the Concession and Overseas Businesses through M&A and Other Means
First written in FY2018. 8 of 17 entries say "Advanced", first in FY2019-Q3. Latest entry: 2026-09-29.
90 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Under its three-year medium-term plan for fiscal 2024 through fiscal 2026, the company has identified 6 themes to prioritize over the 3-year period, one of which is strengthening the renewal business. It has also identified strengthening the renewal business in the ASEAN region as a specific initiative and incorporated it into its investment plan.」
To strengthen its renewal business in the ASEAN region, the company acquired shares in T3 INTERNATIONAL PTE. LTD. on 16 June 2026 and made it a subsidiary with an 80% voting interest. The acquisition consideration was SGD 8 million. - FY2025-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 25 April 2024, the company resolved to additionally acquire shares in its consolidated subsidiary EVERGREEN ENGINEERING & CONSTRUCTION PTE. LTD. and make it a wholly owned subsidiary. It became a wholly owned subsidiary on 7 May 2024.」
The company completed the additional acquisition of 20% of EVERGREEN, acquired to strengthen its overseas business, on 7 May 2024 and made it a wholly owned subsidiary. The company indicated that its status as a wholly owned subsidiary would enhance operational flexibility and support future business expansion and growth in corporate value. - FY2024-Q2RestatedAnnual report
「The business combination with Evergreen Engineering & Construction Pte. Ltd. completed on 6 January 2022 (deemed acquisition date: 31 January 2022) was subject to provisional accounting treatment in the previous consolidated fiscal year. The accounting treatment was finalized during the first quarter of the current consolidated fiscal year. As a result, the provisionally calculated goodwill of ¥1,750 million decreased by ¥800 million upon finalization of the accounting treatment, to ¥949 million.」
The company is restating the finalized purchase price allocation and goodwill related to the acquisition of Evergreen Engineering & Construction. No new acquisitions or additional acquisitions of overseas operating bases are described. - FY2023-Q3RestatedAnnual report
「The business combination with Evergreen Engineering & Construction Pte. Ltd. completed on 6 January 2022 (deemed acquisition date: 31 January 2022) was subject to provisional accounting treatment in the previous consolidated fiscal year. The accounting treatment was finalized during the first quarter of the current consolidated fiscal year. As a result, the provisionally calculated goodwill of ¥1,750 million decreased by ¥800 million upon finalization of the accounting treatment, to ¥949 million.」
The company has reaffirmed that the provisional accounting treatment, including the purchase price allocation, for the acquisition of Evergreen Engineering & Construction to strengthen its overseas business in the ASEAN region has been finalized. No further progress, such as completion of a new acquisition, is indicated. - FY2023-Q2AdvancedAnnual report
「The business combination with Evergreen Engineering & Construction Pte. Ltd. completed on 6 January 2022 (deemed acquisition date: 31 January 2022) was subject to provisional accounting treatment in the previous consolidated fiscal year. The accounting treatment was finalized during the first quarter of the current consolidated fiscal year. As a result, the provisionally calculated goodwill of ¥1,750 million decreased by ¥800 million upon finalization of the accounting treatment, to ¥949 million.」
The provisional accounting treatment, including the purchase price allocation, for the acquisition of Evergreen Engineering & Construction carried out to strengthen the overseas business was finalized, revising goodwill from ¥1,750 million to ¥949 million. - FY2022-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 18 November 2021, the company resolved to acquire shares in Evergreen Engineering & Construction Pte. Ltd. and make it a subsidiary. Based on this resolution, the company entered into a share transfer agreement dated 10 December 2021 and acquired 80% of the company's issued shares on 6 January 2022.」
To strengthen its renewal business in the ASEAN region, the company resolved to make Singapore-based Evergreen Engineering & Construction a subsidiary and entered into a share transfer agreement, subsequently acquiring 80% of its issued shares on 6 January 2022, after the filing was submitted. The overseas M&A transaction has progressed to the completion of the acquisition. - FY2022-Q2RestatedAnnual report
「The company is also refining its existing technologies and taking on new fields. It established a local subsidiary to develop infrastructure renovation projects in Thailand using carbon-fiber sheets.」
As part of its expansion into new overseas fields, the company has reaffirmed the establishment of a local subsidiary focused on infrastructure renovation projects in Thailand using carbon-fiber sheets. - FY2022-Q1AdvancedAnnual report
「We established a local entity in Thailand to develop an infrastructure renovation business using carbon-fiber sheets.」
As a new development in its overseas business, the company established a local subsidiary for infrastructure renovation projects in Thailand. Efforts to strengthen its existing overseas operations and expand into new fields are progressing into the establishment of specific organizations. - FY2020RestatedAnnual report
「iv. Strengthening existing overseas bases and pursuing new developments」
The company has reconfirmed the strengthening of existing overseas bases and pursuit of new developments as medium-term plan initiatives under its efforts to take on new technologies and businesses. - FY2019RestatedAnnual report
「As initiatives under the medium-term 3-year plan, including strengthening the overseas business and pursuing new developments, including M&A, the company aims to expand its renovation business in the ASEAN region, with the acquisition of this company as its first step.」
The company has reconfirmed the acquisition of a Singapore company as a subsidiary to develop the renovation business in the ASEAN region as an initiative under the medium-term plan. No additional milestones, such as completion of a new acquisition, have been disclosed. - FY2019-Q3AdvancedAnnual report
「As initiatives under the medium-term 3-year plan, including strengthening the overseas business and pursuing new developments, including M&A, the company aims to expand its renovation business in the ASEAN region, with the acquisition of this company as its first step.」
The company acquired shares in SINGAPORE PAINTS & CONTRACTOR PTE. LTD. on 19 October 2018 and made it a subsidiary with an 80% voting rights ratio. M&A to develop the renovation business in the ASEAN region progressed to the execution stage; the acquisition consideration was ¥526 million and goodwill was ¥200 million. - FY2018First statedAnnual report
「Investment to strengthen the concession and overseas businesses (M&A, etc.): ¥5 billion」
The new medium-term 3-year plan incorporates, for the first time, a ¥5 billion investment allocation using M&A and other means to strengthen the concession and overseas businesses.