Building an integrated U.S. event production service through the acquisition of TLS PRODUCTIONS, INC. as a subsidiary
First written in FY2019-Q3. 2 of 6 entries say "Achieved", first in FY2019. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AchievedAnnual report
「TLS PRODUCTIONS, INC. was excluded from the scope of consolidation as a result of its liquidation during the current fiscal year.」
The dissolution and liquidation of TLS PRODUCTIONS, which had been part of the previous integrated event production services business in the United States, were completed, and the company was excluded from the scope of consolidation. - FY2024-Q3DroppedAnnual report
「At a meeting of the Board of Directors held on 22 November 2023, the Company resolved to dissolve and liquidate TLS PRODUCTIONS, INC., its consolidated subsidiary and specified subsidiary.」
The Company resolved to dissolve and liquidate TLS PRODUCTIONS, which had been the subject of efforts to build integrated event production services in the United States through collaboration with H&X, indicating a policy of discontinuing the previous initiatives. - FY2020AdvancedAnnual report
「As a result of the capital increase, the Company's ownership interest in TLS PRODUCTIONS, INC. increased by 8% to 88%.」
Through its subscription for the capital increase, the Company raised its ownership interest in TLS PRODUCTIONS from 80% to 88%, advancing improvements in its financial position and strengthening management control. - FY2020-Q1AdvancedAnnual report
「In the U.S. market, the full-year consolidation of TLS PRODUCTIONS, INC. and revenue growth at H&X Technologies, Inc. contributed to results. The two companies generated synergies, including jointly winning a project for the New York International Auto Show.」
After TLS was consolidated for the full fiscal year, the Company secured joint projects with H&X, demonstrating synergies in integrated event services in the United States, including video, lighting and audio. - FY2019AchievedAnnual report
「At a meeting of the Board of Directors held on 4 February 2019, the Company resolved to acquire 80% of the shares of TLS PRODUCTIONS, INC., which operates a lighting and audio services business in the United States, through its consolidated subsidiary Hibino USA, Inc., making TLS a subsidiary.」
The acquisition of 80% of TLS PRODUCTIONS through Hibino USA and its inclusion as a consolidated subsidiary were completed on 28 February 2019, putting the integrated video, lighting, audio and rigging services structure in the United States into operation. - FY2019-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 4 February 2019, the Company resolved to acquire 80% of the shares of TLS PRODUCTIONS, INC., which operates a lighting and audio services business in the United States, through its consolidated subsidiary Hibino USA, Inc., making TLS a subsidiary. By bringing both H&X and TLS under Hibino USA, the Company will establish a structure capable of providing integrated event production services, including video, lighting, audio and rigging, and strengthen its competitiveness in the industry. Date of share acquisition: 28 February 2019 (予定) Ownership after acquisition: 80% Acquisition price: US$4,387 thousand (estimated amount)」
The Company plans to acquire 80% of TLS, a US-based company that rents and operates lighting and audio equipment, on 28 February 2019. Through collaboration with H&X, it will build integrated event production services covering video, lighting, audio and rigging, and advance the integration of its customer base, business opportunities and technology and expertise.