Global sales and supply chain coordination through the acquisition of AIT Japan as a subsidiary
First written in FY2023. 1 of 5 entries say "Achieved", first in FY2024-Q1. Latest entry: FY2024.
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- FY2024AdvancedAnnual report
「To support AITJ’s further growth, we will strengthen its management and financial foundation by subscribing to a third-party allotment of shares. Using AITJ as a hub for both groups, we will accelerate business expansion and collaboration with more than 3,500 business partners, primarily major global manufacturers and partners, and aim to further enhance our presence in global markets.」
The acquisition of a 51.02% voting interest in AITジャパン demonstrates specific synergies aimed at expanding sales in Japan and globally, the supply chain and collaboration through its role as a hub with more than 3,500 business partners. - FY2024-Q3ReframedAnnual report
「During the second quarter consolidated accounting period, we subscribed to the third-party allotment of shares by AITジャパン株式会社, a subsidiary of WPG Holdings Limited (headquartered in Taipei, Taiwan), making it a consolidated subsidiary. AITジャパン株式会社's name was changed to 株式会社レスターＷＰＧ effective 1 January 2024.」
Following the consolidation of AITジャパン as a subsidiary, its name was changed to 株式会社レスターWPG effective 1 January 2024, and integration with the WPG Group is under way. - FY2024-Q2RestatedAnnual report
「AIT Japan Co., Ltd., a subsidiary of WPG Holdings Limited (headquartered in Taipei, Taiwan), became a consolidated subsidiary in July 2023.」
The subscription for AIT Japan's third-party allotment and its inclusion as a consolidated subsidiary effective 21 July 2023 were reaffirmed in the business description and segment information for the current quarter. - FY2024-Q1AchievedAnnual report
「Payment was completed on 21 July 2023, and the company became a consolidated subsidiary on the same date. Voting rights ratio after acquisition: 51.02%」
For AIT Japan, payment for the third-party allotment and its inclusion as a consolidated subsidiary were completed on 21 July 2023, giving the Company a 51.02% voting rights ratio. The creation of a global sales and collaboration hub with more than 3,500 business partners has moved to the implementation stage. - FY2023First statedAnnual report
「To support AITJ's further growth, we will strengthen its management and financial foundation by subscribing to a third-party allotment, make AITJ a hub for both groups, accelerate business expansion and collaboration with more than 3,500 business partners, centered on major global manufacturers and partners, and aim to further enhance our presence in global markets.」
The Company plans to subscribe for ¥1,378 million of AIT Japan's third-party allotment of shares scheduled for the second quarter of fiscal 2023, acquire 51.02% of the voting rights and make it a subsidiary, with the aim of creating a global sales, collaboration and supply-chain hub with more than 3,500 business partners.