Technology and Real Estate Business Synergies from the Additional Acquisition of 巴技研 and Consolidation of 泉興産 as a Subsidiary
First written in FY2025-H1. 2 of 3 entries say "Advanced", first in FY2025. Latest entry: FY2026.
32 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The voting rights ratio represented by the additionally acquired shares was 31.8%, bringing the total voting rights ratio to 98.0% as a result of the transaction.」
The Company additionally acquired 31.8% of 泉興産 from non-controlling shareholders, increasing its voting rights ratio to 98.0%. Progress was made in reviewing the capital structure and promoting Group collaboration in the real estate business. - FY2025AdvancedAnnual report
「巴技研 has earned high recognition and trust in the development of special erection methods, hangar door opening and closing systems, and seismic-isolation devices, as well as in their design and manufacture. Because it is highly compatible with the Company’s Steel Structure Construction Business, which handles three-dimensional structures and bridges, the Company decided to increase its ownership ratio and make 巴技研 a consolidated subsidiary from the perspective of creating synergies. 泉興産 owns numerous properties in central Tokyo, including Park Tower Kachidoki in Chuo-ku, Tokyo, and operates a real estate leasing business. By making the company a consolidated subsidiary, the Company aims to establish a collaborative structure with its real estate division, which also operates a real estate leasing business, and achieve more efficient operations.」
The Company increased its voting rights ratio in 巴技研 from 27.5% to 80.8% and set its voting rights ratio in 泉興産 at 65.1%, making both companies consolidated subsidiaries. Synergies and a collaborative structure spanning technology development, steel structure construction and real estate leasing were cited as the reasons. - FY2025-H1First statedAnnual report
「巴技研 has earned high recognition and trust in the development of special erection methods, hangar door opening and closing systems, and seismic-isolation devices, as well as in their design and manufacture. Because it is highly compatible with the Company’s Steel Structure Construction Business, which handles three-dimensional structures and bridges, the Company decided to increase its ownership ratio and make 巴技研 a consolidated subsidiary from the perspective of creating synergies. 泉興産 owns numerous properties in central Tokyo, including Park Tower Kachidoki in Chuo-ku, Tokyo, and operates a real estate leasing business. By making the company a consolidated subsidiary, the Company aims to establish a collaborative structure with its real estate division, which also operates a real estate leasing business, and achieve more efficient operations.」
On 1 July 2024, the Company increased its voting rights ratio in 巴技研, formerly an equity-method affiliate, from 27.5% to 80.8%, and included 泉興産 within the scope of consolidation. The reasons were synergies between technology development, the Steel Structure Construction Business and the real estate leasing business, as well as the establishment of a collaborative structure.