Komori
Kitahama Capital Partners (2134) · InitiativeAdvancedLatest M&A and Subsidiary Changes (2026-07-31): "Dropped"

Orders received for construction work, including solar power generation, through the acquisition of サンテック

First written in FY2024-Q2. 1 of 5 entries say "Restated". Latest entry: 2026-07-31.

5entries
4years
1from disclosures
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ProgressHeldSoftenedWorseFirst statedFY2024-Q2 – FY20242023: 120232024: 220242025: 020252026: 22026
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  1. 2026-07-31DroppedM&A and Subsidiary ChangesSuggests it is closing out

    「当社は、2025 年3月期末においてサンテック株式について備忘価額を除き全額の減損処理を行うとともに、当社単独での運営継続は困難であると判断し、譲渡先の検討を進めてまいりました。」

    サンテックは営業活動停止後に実質的な休眠状態となり、トラストコーポレーションによる太陽光発電・蓄電所の開発体制確保後、その株式譲渡を決議した。サンテック取得による施工機能確保策の終息を示唆する出来事として記録する。
  2. FY2026AdvancedAnnual report

    「株式会社トラストコーポレーション ① Net sales 2,125,049 ② Ordinary profit 542,851 ③ Net income 528,397」

    After making 株式会社トラストコーポレーション, which operates solar power generation and electrical construction businesses, a consolidated subsidiary, the company disclosed its income statement information, comprising net sales of ¥2,125 million, ordinary profit of ¥542 million and net income of ¥528 million.
  3. FY2024Orders postponedAnnual report

    「Revenue from the company's clean-energy business was ¥234 million, down 38.5% year on year, mainly because orders for arrangement services and construction work related to solar and biomass power generation were postponed until after April 2024.」

    While establishing an order base for clean-energy-related construction through the acquisition of Sanyo Engineering & Construction Inc. and other measures, the arrangement services and construction orders for solar and biomass power generation were pushed back to after April 2024, resulting in a 38.5% year-on-year decline in net sales for the period.
  4. FY2024-Q3RestatedAnnual report

    「From the second quarter, 株式会社高山エンジニアリング (now Sanyo Engineering & Construction Inc.) was included in the scope of consolidation because the company acquired a 51% interest, and SUN Digital Transformation株式会社 was included because the company established it and acquired a 51% interest.」

    The company continued to disclose the order base for clean-energy-related construction established through the acquisition of 51% of Sanyo Engineering & Construction Inc., as well as the establishment and addition as a subsidiary of SUN Digital Transformation株式会社.
  5. FY2024-Q2First statedAnnual report

    「Principal reason for the business combination To obtain orders for construction and other work related to clean energy, including solar power generation The company had a specific opportunity expected to generate an order for the construction of a solar power plant and urgently needed to obtain a specified construction business license in order to secure the order. 高山エンジニアリング社 held specified construction business licenses for civil engineering, scaffolding and earthwork, concrete work, stonework, electrical work, steel structures, paving, dredging, painting, telecommunications, water supply facilities and demolition. As acquiring these licenses would require less expenditure and take less time, the company decided to acquire 2,040 of the 4,000 issued shares of 高山エンジニアリング社, representing 51%, and make it a subsidiary.」

    On 7 July 2023, the company acquired a 51% interest in 高山エンジニアリング株式会社 (now Sanyo Engineering & Construction Inc.) for ¥20.4 million. This was first disclosed as a measure to establish an order base for clean-energy construction, including solar power plant construction, by utilizing the specified construction business license.
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