Expansion of the Paper Products Business through the Acquisition of Nisshinbo Paper Products
First written in FY2017-Q3. 3 of 7 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2019.
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- FY2019RestatedAnnual report
「In the domestic home and personal care business, in addition to strengthening the system for stable supply of high-value-added products through the state-of-the-art household paper production facilities at the Kawanoe Plant, which began operation in October 2018, we will optimize the product mix with the paper products business acquired from Nisshinbo Holdings Inc. in April 2017 and maximize synergies.」
The policy of expanding the supply of high-value-added products and maximizing synergies through the acquisition of Nisshinbo’s paper products business continues to be maintained. - FY2019-Q1AdvancedAnnual report
「In the domestic home and personal care business, the acquisition of the paper products business from Nisshinbo Holdings Inc. in April 2017 enriched the lineup of high-value-added sanitary paper products, and sales grew steadily.」
The stated benefits of acquiring Nisshinbo’s paper products business were an expanded lineup of high-value-added sanitary paper products and sales growth. - FY2018-Q3RestatedAnnual report
「In the domestic home and personal care business, we acquired the paper products business from Nisshinbo HD, adding high-value-added products such as “Cotton Feel” and “Toilet Paper Made for Shower Toilets with Twice the Absorbency,” and are working to strengthen the sanitary paper business.」
The addition of high-value-added products and strengthening of the sanitary paper business through the acquisition of the paper products business from Nisshinbo HD continue to be described. - FY2018-Q2AdvancedAnnual report
「In sanitary paper, sales expanded following the acquisition of the paper products business from Nisshinbo Holdings Inc., while in the tissue, toilet paper and kitchen towel categories, price revisions and a shift in sales toward high-value-added products progressed.」
Following the acquisition of Nisshinbo’s paper products business, sanitary paper sales expanded, while price revisions and a shift toward high-value-added products progressed across the categories. - FY2018-Q1AdvancedAnnual report
「In the Home & Personal Care business, we acquired the paper products business from Nisshinbo Holdings Inc., adding value-added products such as Cotton Feel and the toilet paper made for shower toilets with twice the absorbency to our product lineup, thereby strengthening the sanitary paper business.」
The stated benefits of acquiring Nisshinbo Paper Products were the addition of high-value-added products to the lineup and strengthening of the sanitary paper business. - FY2017AchievedAnnual report
「Based on the share transfer agreement entered into with Nisshinbo Holdings Inc. on 10 February 2017, we acquired all shares of Nisshinbo Paper Products Co., Ltd. from Nisshinbo HD on 3 April 2017.」
All shares of Nisshinbo Paper Products were acquired on 3 April 2017 for an acquisition price of ¥24,600 million, resulting in a voting rights ratio of 100%. The stated objective was to utilize management resources in household paper, fine paper, processed paper products and label-related products. - FY2017-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 10 February 2017, we resolved to acquire all shares of Nisshinbo Paper Products Co., Ltd. for the purpose of acquiring the paper products business (the “Business to Be Acquired”) of Nisshinbo Holdings Inc. (hereinafter, “Nisshinbo HD”), and entered into a share transfer agreement on the same date.」
An agreement was signed to acquire all shares of Nisshinbo Paper Products for approximately ¥25 billion, with the acquisition scheduled for 3 April 2017. The post-acquisition voting rights ownership ratio was expected to be 100.0%. The stated objective was to enhance business value by utilizing management resources in household paper, fine paper, processed paper products and label-related products.