Making エンチョー a Wholly Owned Subsidiary Through a Share Exchange
First written in FY2026-H1. 1 of 2 entries say "Achieved", first in FY2026-H1. Latest entry: 2026-04-14.
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- 2026-04-14AdvancedEarnings
「By realizing various synergies with ㈱エンチョー, including procurement-structure reform and cost reductions that take advantage of economies of scale, we will promote the growth of ㈱エンチョー and, consequently, further growth across the DCM Group.」
Following the full acquisition of エンチョー, the Group moved into the phase of realizing synergies such as procurement-structure reform and cost reductions. - FY2026-H1AchievedAnnual report
「At a meeting of the Board of Directors held on 9 May 2025, the Company resolved to conduct a stock-for-stock exchange under which the Company would become the wholly owning parent and Encho would become the wholly owned subsidiary, and conducted the stock-for-stock exchange on 1 September 2025 based on the stock-for-stock exchange agreement entered into on the same day.」
The stock-for-stock exchange with Encho was conducted on 1 September 2025, completing its conversion into a wholly owned subsidiary with a 100% voting interest. The acquisition consideration was ¥9,316 million in the Company's common stock, and the number of shares issued was 5,812,102. Integration is being advanced by the management integration committee and business-unit subcommittees.