Acquisition of shares in and conversion of 府中自動車株式会社 into a subsidiary
First written in FY2023-Q3. 1 of 2 entries say "Achieved", first in FY2023. Latest entry: FY2023.
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- FY2023Completion of the acquisition of Fuchu Jidosha shares and its consolidation as a subsidiaryAnnual report
「15 September 2023 (share acquisition date) 30 September 2023 (deemed acquisition date) (6) Voting rights ratio to be acquired • Number of shares held after the change: 51,030 shares (number of voting rights: 51,030; voting rights ownership ratio: 70%)」
The acquisition of shares in Fuchu Jidosha Co., Ltd. was completed, and the company became a consolidated subsidiary as of the deemed acquisition date of 30 September 2023. For the current fiscal year, only its balance sheet has been consolidated. - FY2023-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 10 August 2023, the Company resolved to acquire shares in Fuchu Jidosha Co., Ltd. and make it a subsidiary. The acquisition is scheduled for 15 September 2023. (Excerpt) Number of shares held after the change: 51,030 shares (number of voting rights: 51,030; voting rights ownership ratio: 70%)」
The Board of Directors resolved to acquire shares in Fuchu Jidosha Co., Ltd. and make it a subsidiary, with the acquisition scheduled for 15 September 2023. The post-acquisition voting rights ownership ratio will be 70%, while the acquisition price has not been disclosed. The objectives are to reform working practices for automotive maintenance engineers, develop new products, create successful business models and pursue synergies between the two companies.