Consideration of Integrating the Domestic Architectural Glass Business with AGC
First written in FY2020. 1 of 3 entries say "Dropped", first in FY2021-Q3. Latest entry: FY2021-Q3.
No other company in this theme has enough history to compare yet.
- FY2021-Q3DroppedAnnual report
「We entered into a basic agreement with AGC Inc. (hereinafter, “AGC”) to pursue the integration of our domestic architectural glass businesses (hereinafter, the “Business Integration”) and had been conducting discussions (hereinafter, the “Discussions”). However, at a meeting of the Board of Directors held on 14 January 2021, we decided to discontinue the Discussions.」
The company decided at a Board of Directors meeting to discontinue discussions with AGC regarding the integration of the domestic architectural glass businesses, as it became difficult to reach agreement on the terms. - FY2021-Q2Integration-related costs recognizedAnnual report
「Costs related to the integration of the domestic architectural glass businesses ¥44 million」
Regarding the integration of the domestic architectural glass businesses with AGC Inc., the company discloses the recognition of ¥44 million in related costs, rather than completion or another milestone. - FY2020First statedAnnual report
「On 9 December 2019, we entered into a basic agreement with AGC Inc. regarding the integration of our domestic architectural glass businesses. Under the agreement, we and AGC Inc. agreed to consider and discuss the integration of these businesses.」
The company newly discloses the execution of a basic agreement with AGC Inc. to consider and discuss the integration of the domestic architectural glass businesses.