Making a Vehicle Inspection and Maintenance Company a Subsidiary and Capturing Customer Referral Synergies
First written in FY2020-Q2. 1 of 3 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2023-Q1.
No other company in this theme has enough history to compare yet.
- FY2023-Q1DroppedAnnual report
「The main factors behind the increase in revenue were the shift in demand for summer tires in the Yellow Hat business from March to April 2022 and the opening of Chateraise stores as a new business. Although expenses increased, mainly due to electricity charges, ordinary income increased as sales of high-gross-margin products such as tires performed well. However, quarterly net income declined because the company recorded a ¥59 million loss on the valuation of shares in an affiliated company and a ¥22 million provision for doubtful accounts in connection with the dissolution of an unconsolidated subsidiary.」
The dissolution of an unconsolidated subsidiary was disclosed in connection with initiatives based on making Kitakanto Vehicle Inspection and Maintenance Plant a subsidiary, meaning that the initiative to make it a subsidiary and generate customer-referral synergies was not continued. - FY2020-Q3AdvancedAnnual report
「In the third quarter accounting period, the Company acquired 100% of the shares of 株式会社北日本車検整備工場, making it a subsidiary. However, as its impact on assets, revenue, profit or loss, retained earnings and other items was immaterial and not significant, it is treated as an unconsolidated subsidiary.」
Regarding 株式会社北日本車検整備工場, for which the resolution and contract signing were disclosed in the previous quarter, the company completed the acquisition of 100% of the shares and made it a subsidiary. It is treated as an unconsolidated subsidiary because it is not material. - FY2020-Q2First statedAnnual report
「At a meeting of its Board of Directors held on 26 September 2019, the company resolved to acquire the shares of 株式会社北日本車検整備工場 and make it a subsidiary. It entered into a share transfer agreement on 1 October 2019 and acquired all of the shares on the same date.」
The company acquired all shares of 株式会社北日本車検整備工場 for ¥59.16 million and made it a subsidiary. The objectives were to generate customer-referral synergies by coexisting with designated private vehicle inspection and maintenance facilities in Miyagi Prefecture, and to increase the acquisition of car maintenance services, including vehicle inspections, for the Yellow Hat business.