Entry into the South Korean Audio Equipment Sales Business Through the Acquisition of Shares in Three Sama Sound Group Companies
First written in FY2019-Q2. 4 of 9 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1AdvancedAnnual report
「Overseas, during the first quarter, the Company merged its South Korean subsidiaries and is advancing operating efficiencies and cost reductions through business integration.」
In the South Korean audio equipment sales business, the subsidiaries were merged, and the business has reached the stage of advancing operating efficiencies and cost reductions through integration. - FY2025Postponement and cancellation of projects due to political and economic factors in the South Korean marketAnnual report
「Overseas, the South Korean subsidiaries were affected by domestic political turmoil and the economic downturn, resulting in project postponements and cancellations, and the uncertain business environment continued.」
In the South Korean market, project postponements and cancellations have continued against a backdrop of domestic political turmoil, in addition to the previous economic downturn and weakness in the construction industry. - FY2025-H1Postponement and cancellation of projects in the South Korean market and measures taken in responseAnnual report
「The South Korean subsidiaries experienced postponements and cancellations of planned projects as the domestic economy stagnated and the downturn in the construction industry became particularly severe. They sought to secure earnings by expanding the brands handled and revising prices in response to foreign exchange trends, among other measures.」
In the South Korean audio equipment sales business, planned projects were postponed or cancelled because of the economic downturn and weakness in the construction industry, while the Company sought to secure earnings by expanding the brands handled and revising prices in line with foreign exchange movements. - FY2024-Q3RestatedAnnual report
「In the South Korean market, as the economic slowdown caused by rising prices and other factors continued, the number of system projects increased through efforts to strengthen the direct sales business, driving expansion in the scale of operations.」
In the South Korean audio equipment sales business, the Company reaffirmed that strengthening the direct sales business had increased system projects and expanded the scale of operations despite the economic slowdown. - FY2024-Q2AdvancedAnnual report
「In the South Korean market, as the economic slowdown caused by rising prices and other factors continued, the number of system projects increased through efforts to strengthen the direct sales business, driving expansion in the scale of operations.」
In the South Korean audio equipment sales business, the Company strengthened its direct sales business despite the economic slowdown, leading to an increase in system projects and expansion in the scale of operations. - FY2020AdvancedAnnual report
「As of 31 March 2020, the Company additionally acquired interests in Sama Sound Inc., Sama D&I Co., Ltd. and Sama CDS Inc., increasing each interest by 7% to 67%.」
The Company additionally acquired 7% interests in each of the 3 South Korean Sama Sound Group companies, raising its ownership interest from 60% to 67% and strengthening management control. - FY2020-Q1AdvancedAnnual report
「In addition to the new consolidation, the cumulative first-quarter results benefited from the full-year consolidation of the Sama Sound Group, テクノハウス and TLS PRODUCTIONS, INC.」
The contribution from full-year consolidation following the acquisition of the Sama Sound Group appeared for the first time in the explanation of consolidated first-quarter results. - FY2019-Q3AchievedAnnual report
「The Company completed the partial acquisition of shares in Sama Sound Inc., Sama D&I Co., Ltd. and Sama CDS Inc. on 31 January 2019.」
The acquisition of shares in and conversion into subsidiaries of 3 South Korean Sama Sound Group companies, initiated in the previous quarter, has been completed. - FY2019-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 24 October 2018, the Company resolved to enter into a basic agreement with the shareholders of Sama Sound Inc., Sama D&I Co., Ltd. and Sama CDS Inc., which operate an audio equipment sales business in South Korea, regarding the acquisition of part of the shares in the three companies and making them subsidiaries. The basic agreement was executed on the same date.」
The Company plans to acquire shares in 3 South Korean audio equipment sales and installation companies in late December 2018 and has signed a basic agreement aimed at making them subsidiaries. The Sama Sound Group is described as having more than 150 sales channels in South Korea and sales routes to more than 600 musical instrument stores for musical instruments and other products.