Capital and Business Alliance with Fujiko and Cooperation in Overseas and Industrial Equipment Businesses
First written in FY2020. 3 of 7 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2023.
1 other company's latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「The company has advanced cooperation with 株式会社フジコー, which has become part of the group, including integration of production systems and use of overseas bases, and established a structure for strengthening the nonwoven fabrics business.」
Following フジコー's becoming a wholly owned subsidiary, the company advanced cooperation through integration of production systems and use of overseas bases, establishing a structure to strengthen the nonwoven fabrics business. - FY2022-Q3Cited as achievedAnnual report
「Revenue and profits increased, owing mainly to strong performance in the apparel textiles business and the industrial materials business, to which full-year consolidation of 株式会社フジコー (hereinafter, “フジコー”) contributed from the current fiscal year.」
The company described the contribution of full-year consolidation of フジコー to the strong performance and higher revenue and profits in the industrial materials business as a result following its becoming a wholly owned subsidiary. - FY2022-Q1Cited as achievedAnnual report
「The apparel textiles business performed well, as did the industrial materials business, to which full-year consolidation of 株式会社フジコー (hereinafter, “フジコー”) contributed from the current consolidated fiscal year, resulting in higher revenue and profits.」
The company identified the contribution following フジコー's becoming a wholly owned subsidiary and its full-year consolidation as factors behind the strong performance and higher revenue and profits in the industrial materials business. - FY2021AchievedAnnual report
「At a meeting of the Board of Directors held on 13 May 2021, the company resolved to conduct a share exchange under which the company would be the wholly owning parent company and 株式会社フジコー (hereinafter, “フジコー”) would be the wholly owned subsidiary. The share exchange was implemented on 1 September 2021.」
The share exchange with フジコー was implemented on 1 September 2021, raising the voting rights ratio from 33% to 100% and making it a wholly owned subsidiary. The company also recorded ¥7,262 million in gain on the recognition of negative goodwill. - FY2021-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 13 May 2021, the company resolved to conduct a share exchange under which the company would be the wholly owning parent company and 株式会社フジコー (hereinafter, “フジコー”) would be the wholly owned subsidiary. The share exchange was implemented on 1 September 2021. (3) Number of shares issued 1,904,993 shares All shares issued by the company in the share exchange were allocated from treasury shares held by the company.」
The share exchange with フジコー was implemented on 1 September 2021, and 1,904,993 shares were issued from treasury shares. The stated purpose was to realize synergies from procurement and sales management, joint research and development, and the mutual use of overseas sales networks under a stronger capital relationship. - FY2021-Q2AdvancedAnnual report
「The purpose is to fully realize synergies that had not been sufficiently achieved under the existing capital and business alliance, including sharing procurement and sales management expertise and information, conducting joint research and development, and mutually using overseas sales channels and networks, through integrated management under a stronger capital relationship, thereby contributing to the enhancement of the corporate value of both groups. Effective date of the share exchange 1 September 2021 (scheduled) The number of the company's shares to be issued in the share exchange is expected to be 1,905,164.」
The capital and business alliance with フジコー progressed to the execution of a share exchange agreement on 13 May 2021. The purpose was to realize synergies from procurement and sales management, joint research and development, and the mutual use of overseas sales networks through integrated management. The share exchange was scheduled to be implemented on 1 September 2021. - FY2020First statedAnnual report
「The recognition of negative goodwill arising from making 株式会社フジコー, with which the company formed a capital and business alliance in May 2020, an equity-method affiliate, included in share of profit of investments accounted for using the equity method, enabled ordinary profit and net profit attributable to owners of the parent to reach record highs.」
The company progressed its capital and business alliance formed in May 2020 to making 株式会社フジコー an equity-method affiliate, and positioned it under the Second Medium-Term Management Plan as a partner for overseas expansion and strengthened cooperation in the industrial materials business.