Strengthening the home-goods business through the full acquisition and absorption merger of HAPiNS
First written in FY2022-Q3. 1 of 4 entries say "Softened", first in FY2022. Latest entry: FY2023-Q2.
0 other companies' latest entry also says "Achieved".
- FY2023-Q2AchievedAnnual report
「On 30 November 2022, the Company acquired all shares of HAPiNS Co., Ltd. and carried out an absorption-type merger effective 1 December 2022, with the Company as the surviving company and HAPiNS Co., Ltd. as the absorbed company.」
The acquisition of all shares of HAPiNS and the absorption-type merger were completed as scheduled, completing the integration of the lifestyle goods and kitchen appliances businesses. - FY2023-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 21 October 2022, a resolution was passed to carry out the share acquisition and merger, and on the same date the parties entered into an agreement amending the share transfer agreement and an absorption-type merger agreement.」
Regarding HAPiNS, we entered into an agreement to amend the share transfer agreement and a new absorption-type merger agreement. The acquisition of the shares was scheduled for 30 November 2022 and the absorption-type merger for 1 December 2022, specifying the timing and procedures following the initial postponement. - FY2022SoftenedAnnual report
「Although 29 June 2022 was initially scheduled as the execution date for the share transfer, the execution date for the share acquisition was changed to a date targeted for sometime during 2022.」
The planned timing of making HAPiNS a wholly owned subsidiary and conducting the absorption-type merger changed from the initially scheduled dates of 29 June 2022 and 30 June 2022 to a target date during 2022, delaying implementation. - FY2022-Q3First statedAnnual report
「Having determined that the acquisition of these shares and the merger would strengthen our group’s business in the household-goods field, centered on kitchen appliances, and contribute to enhancing corporate value, we decided to enter into a basic agreement on acquiring all shares of HAPiNS and making it a wholly owned subsidiary, followed by the merger.」
The parties reached a basic agreement on making HAPiNS a wholly owned subsidiary through the acquisition of all its shares and conducting an absorption-type merger in which our company would be the surviving company. The share acquisition was scheduled for 29 June 2022 and the merger for 30 June of the same year, with the aim of strengthening the household-goods business centered on kitchen appliances and enhancing corporate value.