Expansion of New-Vehicle Sales and Maintenance Through the Acquisition of Garage East Japan Co., Ltd.
First written in FY2020-Q3. 1 of 2 entries say "Dropped", first in FY2020. Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020DroppedAnnual report
「しかしながら、当該株式譲渡契約の一部につき株式譲渡条件が満たされなかったため、株式譲渡契約日に遡って取消がなされ、2021年２月26日付で当該株式代金の全額が返金されました。」
有限会社ガレージイーストジャパンの買収は、株式譲渡条件が満たされず契約日に遡って取消となり、2021年2月26日に株式代金全額が返金された。 - FY2020-Q3First statedAnnual report
「Apple Auto Network Co., Ltd., a consolidated subsidiary of the company, resolved at a Board of Directors meeting held on 16 October 2020 to acquire shares in 有限会社ガレージイーストジャパン and make it a subsidiary, and signed a share transfer agreement on 9 November and acquired all shares. 有限会社ガレージイーストジャパン operates a Subaru shop with strong sales and repair capabilities. Apple Auto Network was seeking a foothold in new-vehicle sales and believed that acquiring the company would create synergies, expand the business and enhance the Group's corporate value.」
Apple Auto Network acquired all shares of 有限会社ガレージイーストジャパン on 9 November 2020, making it the company's subsidiary two levels removed. The cash consideration was ¥181.45 million and the voting-rights ratio acquired was 100.0%. The acquisition aimed to establish a foothold in new-vehicle sales and generate synergies from the target's sales and repair capabilities.