Strengthening the quality of the initial processes, planning and design, through the acquisition of Nisshin Sekkei Co., Ltd. as a subsidiary
First written in FY2022-Q3. 1 of 2 entries say "Advanced", first in FY2022. Latest entry: FY2022.
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- FY2022AdvancedAnnual report
「The deemed acquisition date of the acquired company is 20 December 2021, and the consolidated results for the current consolidated fiscal year include the results from 21 December 2021 through 20 March 2022.」
For Nisshin Sekkei Co., Ltd., consolidation progressed beyond the balance-sheet-only consolidation in the previous quarter, and the results for the period from 21 December 2021 to 20 March 2022 were consolidated for the current fiscal year. - FY2022-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 25 November 2021, we resolved to acquire the shares of Nisshin Sekkei Co., Ltd. and make it a subsidiary. We made it a subsidiary by acquiring the shares on 26 November 2021.……In the public and private sectors, construction projects are increasingly being ordered on a design-and-build basis, and we believe this method will become the standard going forward. As we are expanding our business through direct orders, we acquired the shares to strengthen the quality of the initial processes, planning and design.……Voting rights acquired: 100%……Amount of goodwill recognized: ¥144.508 million」
Nisshin Sekkei Co., Ltd. became a wholly owned subsidiary on 26 November 2021, with the aim of strengthening the quality of the initial planning and design processes in the direct-order business in anticipation of design-and-build orders. In the third quarter, only the balance sheet was consolidated, and goodwill of ¥144.508 million was recognized.