Horizon 1 / Making 昭和コーポレーション a Subsidiary
First written in FY2020-Q3. 3 of 6 entries say "Restated". Latest entry: FY2022.
42 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「On 3 February 2020, the Company acquired all shares of Horizon 1 Co., Ltd., which held all shares of Shōwa Corporation, and made Horizon 1 a subsidiary.」
The Company continued to disclose that it had completed the acquisition of Shōwa Corporation through Horizon 1 Co., Ltd. and the consolidation effects, including those of Shōwa Corporation. - FY2021RestatedAnnual report
「On 3 February 2020, the Company acquired all shares of Horizon 1 Co., Ltd., which held all shares of Shōwa Corporation, and made Horizon 1 a subsidiary.」
The Company continued to disclose that it had completed the acquisition of Shōwa Corporation through Horizon 1 Co., Ltd. in the previous fiscal year, and presented the consolidation effects in the current period as expansion in net sales and other businesses. - FY2021-Q3RestatedAnnual report
「For the business combination with Horizon 1 Co., Ltd. conducted on 3 February 2020, provisional accounting treatment had been applied in the previous consolidated fiscal year, but was finalized during the first-quarter consolidated accounting period.」
The finalized accounting treatment for the business combination with Horizon 1 Co., Ltd. continues to be reflected in the comparative information. Goodwill was ¥4,363 million, with a goodwill amortization period of 7 years. - FY2021-Q1AdvancedAnnual report
「For the business combination with Horizon 1 Co., Ltd. conducted on 3 February 2020, provisional accounting treatment had been applied in the previous consolidated fiscal year, but was finalized during the first-quarter consolidated accounting period. As a result, the provisionally calculated goodwill of ¥7,159 million decreased by ¥2,796 million upon finalization of the accounting treatment, to ¥4,363 million.」
The provisional purchase price allocation accounting treatment for the business combination with Horizon 1 Co., Ltd. was finalized during the first quarter. Goodwill decreased from ¥7,159 million by ¥2,796 million to ¥4,363 million. - FY2020AchievedAnnual report
「On 3 February 2020, the Company acquired all shares of Horizon 1 Co., Ltd., which held all shares of Shōwa Corporation, and made Horizon 1 a subsidiary. Subsequently, on 31 March 2020, the Company absorbed SCC Co., Ltd., with SCC becoming the dissolved company, making Shōwa Corporation a subsidiary of the Company.」
The acquisition of Shōwa Corporation through Horizon 1 Co., Ltd. and the absorption merger of SCC Co., Ltd. were completed, making Shōwa Corporation a consolidated subsidiary. - FY2020-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 25 December 2019, the Company resolved to acquire the shares of Horizon 1 Co., Ltd. (head office: Minato-ku, Tokyo; hereinafter, “H1”) and make it a subsidiary. The Company entered into a share transfer agreement on the same date and acquired the shares of H1 on 3 February 2020. The Company decided to acquire the shares because the addition of SC to the Company’s group would enable coordination and complementary support in construction work and sales activities across the metropolitan areas where the Company is expanding its operating base, thereby contributing to the further development of the Group. The Company believes that cooperation between the two companies, drawing on their respective strengths, will lead to the provision of higher-value-added total services.」
Through the acquisition of Horizon 1 Co., Ltd., the Group added its subsidiary Shōwa Corporation. The acquisition date was 3 February 2020, and the voting rights acquired amounted to 100%. The objective was to enhance coordination and complementary support in construction and sales activities across the metropolitan areas and provide higher-value-added total services.