Strengthening the Industrial Facility Equipment Business through the Acquisition of All Shares of 日宝工業株式会社
First written in FY2017-Q2. 1 of 3 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2017.
12 other companies' latest entry also says "Achieved".
- FY2017AchievedAnnual report
「Our group is a comprehensive engineering company that provides one-stop services covering all types of facilities, centered on air conditioning and including electrical, sanitary, automatic controls and fire-protection systems. Since its establishment in 1955, 日宝工業株式会社 has specialized in electrical and industrial facilities construction at factories, primarily for major automobile companies and food manufacturers. We acquired its shares because this enables us to provide new services that leverage the strengths of both companies and offers considerable potential for synergies through the sharing of their technical capabilities and other resources.」
The acquisition of all shares of 日宝工業株式会社 and its conversion into a subsidiary were completed, and it was included as a consolidated subsidiary for the full fiscal year. - FY2017-Q3AdvancedAnnual report
「As we acquired shares of 日宝工業株式会社 and made it a subsidiary during the current third-quarter consolidated accounting period, the company has been included in the scope of consolidation.」
Following the acquisition of all shares of 日宝工業株式会社 and its conversion into a subsidiary, the company was included in the scope of consolidation from the third-quarter consolidated accounting period, with its results from 1 November through 31 December 2016 consolidated. - FY2017-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 30 August 2016, we resolved to acquire shares of 日宝工業株式会社 and enter into a share transfer agreement to make it a subsidiary. Under the agreement, we acquired all shares of the company and made it a subsidiary on 31 October 2016. Voting rights acquired: 100.0%.」
日宝工業株式会社, which has strengths in industrial facilities equipment, was made a subsidiary through the acquisition of all its shares. The stated reasons for the acquisition were synergies from providing new services that leverage the strengths of both companies and sharing their technical capabilities.