Strengthening the electrical construction and Tohoku businesses through the acquisition of SUZUDEN CORPORATION as a subsidiary
First written in FY2022. 2 of 4 entries say "Worsened", first in FY2025. Latest entry: FY2027-H1.
Yamato moved to the "Worse" side of this theme in 2025, 1 year before the typical company in this theme (2026).
2 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「As of 31 July 2026, SUZUDEN CORPORATION had negative net worth of ¥272 million. Because the company determined that waiving this receivable would improve SUZUDEN CORPORATION's equity and contribute to the continuation of its specified construction business license and the stability of the Group's business as a whole, it decided to waive part of the loan receivable from the company.」
Following the acquisition of SUZUDEN as a subsidiary, an excess of liabilities over assets of ¥272 million had arisen as of the end of July 2026, and the company disclosed that it had partially waived ¥400 million of loans to stabilize the business. - FY2025WorsenedAnnual report
「As the performance of SUZUDEN CORPORATION fell below the initially planned business plan, the business plan was reviewed and an impairment loss of ¥73.458 million was recorded.」
Following the acquisition of SUZUDEN as a subsidiary, an impairment loss of ¥73.458 million was recognized on goodwill and other assets after performance fell below the initial plan. - FY2023-Q2AdvancedAnnual report
「Regarding the business combination with SUZUDEN CORPORATION conducted on 8 March 2022, provisional accounting treatment was applied in the previous consolidated fiscal year and was finalized during the second quarter of the current consolidated fiscal year. Following the finalization of the provisional accounting treatment, the comparative information included in the quarterly consolidated financial statements for the second quarter of the current consolidated fiscal year reflects a review of the purchase price allocation. As a result, the provisionally calculated goodwill of ¥909.042 million decreased by ¥171.070 million upon finalization of the accounting treatment, to ¥737.971 million.」
The provisional accounting treatment for the business combination involving SUZUDEN was finalized, and goodwill was revised from ¥909.042 million to ¥737.971 million. - FY2022First statedAnnual report
「At a meeting of the Board of Directors held on 25 February 2022, we resolved to acquire the shares of SUZUDEN CORPORATION and make it a subsidiary. We made it a subsidiary by acquiring the shares on 8 March 2022.……We acquired the shares to expand our business areas from our core electrical construction business into pipe construction, water-supply facility construction, and machinery and equipment installation, and to strengthen and expand our business activities in the Tohoku region.……Voting rights acquired: 100%……Acquisition cost: ¥600 million」
SUZUDEN CORPORATION became a wholly owned subsidiary on 8 March 2022. The stated objective was to strengthen and expand business activities in the Tohoku region by expanding the business scope from electrical construction, the core business, into pipe construction, water-supply facility construction, and machinery and equipment installation.