Making 株式会社大都商会 a Wholly Owned Subsidiary through a Simplified Share Exchange and Strengthening the Plastic Recycling Business
First written in FY2021-Q3. 4 of 7 entries say "Restated". Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023RestatedAnnual report
「As announced in the timely disclosure titled “Notice Regarding the Formulation of the Medium-Term Management Plan” dated 25 April 2019, the group has worked to expand the range of products handled and strengthen sales, centred on its trading business, with the aim of building a robust business base for the future through higher revenue and stronger profitability. In addition, with 30 December 2020 as the effective date, it made Daito Shokai a wholly owned subsidiary through a simplified share exchange.」
The policy of expanding the range of products handled and strengthening profitability, centred on the trading business and based on the acquisition of Daito Shokai as a wholly owned subsidiary, continues. - FY2022RestatedAnnual report
「With 30 December 2020 as the effective date, the company made Daito Shokai a wholly owned subsidiary through a simplified share exchange. Through this measure, the company is working diligently to accelerate its trading business, which is expected to become its core business, and expand the scale of its operations.」
The policy of accelerating the trading business and expanding the scale of operations through the acquisition of Daito Shokai as a wholly owned subsidiary continues. - FY2022-Q3RestatedAnnual report
「With 30 December 2020 as the effective date, the company made Daito Shokai a wholly owned subsidiary through a simplified share exchange. Through this measure, the company will accelerate its trading business, which is expected to become its core business, and work diligently to expand the scale of its operations.」
The policy of accelerating the trading business and expanding the scale of operations through the acquisition of Daito Shokai as a wholly owned subsidiary continues to be described. The establishment of Toyoto New Materials and its inclusion in the scope of consolidation also continue to be described as part of the business. - FY2022-Q2RestatedAnnual report
「With 30 December 2020 as the effective date of the share exchange, the company made Daito Shokai a wholly owned subsidiary through a simplified share exchange. In addition, Toyoto New Materials, in which the company’s consolidated subsidiary Daito Shokai held a 51% interest, was established on 22 March 2021, and both companies were included in the scope of consolidation.」
The acquisition of Daito Shokai as a wholly owned subsidiary and the establishment of Toyoto New Materials, in which Daito Shokai holds a 51% interest, together with its inclusion in the scope of consolidation, continue to be described as the execution structure for the plastic recycling business. - FY2022-Q1AdvancedAnnual report
「With 30 December 2020 as the effective date of the share exchange, the company made Daito Shokai a wholly owned subsidiary through a simplified share exchange. In addition, Toyoto New Materials, in which the company’s consolidated subsidiary Daito Shokai held a 51% interest, was established on 22 March 2021, and both companies were included in the scope of consolidation.」
Following the acquisition of Daito Shokai as a wholly owned subsidiary, Toyoto New Materials, in which Daito Shokai holds a 51% interest, was established and added to the scope of consolidation, further defining the execution structure for the plastic recycling business. - FY2021AdvancedAnnual report
「Daito Shokai became a subsidiary through the acquisition of its shares on 30 December 2020.」
The planned acquisition of Daito Shokai as a wholly owned subsidiary was completed on 30 December 2020. In addition, an agreement to establish a joint venture between Daito Shokai and Nippoh Chemical was signed on 1 March 2021. The companies have progressed to the stage of producing, researching and developing, and selling compound plastic materials by combining Daito Shokai’s customer network with Nippoh Chemical’s recycled resin production capabilities. - FY2021-Q3First statedAnnual report
「The full acquisition of Daito Shokai as a wholly owned subsidiary was undertaken as part of efforts to strengthen the group’s plastic recycling business. By bringing into the group Daito Shokai’s strong production technology in plastic processing and its customer network, we believed that we could enhance our domestic competitiveness in this business and, over the medium to long term, develop the business globally. Accordingly, we proceeded with the acquisition as a wholly owned subsidiary through this share exchange. Number of shares to be delivered through the share exchange: 3,409,100 shares (scheduled).」
A plan to make Daito Shokai a wholly owned subsidiary through a simplified share exchange is described for the first time, with the aim of expanding into new business areas and creating synergies with existing businesses. The effective date was scheduled for 30 December 2020, and the company stated that it would bring Daito Shokai’s plastic processing technology and customer network into the group.