Entry into Turkey’s architectural coatings market through a 50% investment in Polisan Boya
First written in FY2017-Q2. 9 of 16 entries say "Restated". Latest entry: 2026-07-29.
No other company in this theme has enough history to compare yet.
- 2026-07-29AdvancedM&A and Subsidiary Changes
「We will acquire additional shares in PKB Co. and make it a wholly owned subsidiary.」
The company decided to increase its ownership interest in Polisan Boya from 50.0% to 100.0%, moving it from an equity-method affiliate to a consolidated, wholly owned subsidiary. - FY2025-H1RestatedAnnual report
「In Turkey, although automotive production declined, sales exceeded the previous year due to higher sales volumes and efforts to improve selling prices.」
In Turkey, sales exceeded the previous year due to higher sales volumes and improved selling prices despite the decline in automotive production. - FY2024AdvancedAnnual report
「In Turkey, automotive production exceeded the previous year, and sales also exceeded the previous year, partly as a result of efforts to improve selling prices.」
In Turkey, sales exceeded the previous year due to higher automotive production and improved selling prices, contributing to the recovery of the European business. - FY2024-Q3AdvancedAnnual report
「In Turkey, automotive production exceeded the previous year, and sales also exceeded the previous year, partly as a result of efforts to improve selling prices.」
In Turkey, sales exceeded the previous year due to higher automotive production and improved selling prices. - FY2024-Q2AdvancedAnnual report
「In Turkey, automotive production exceeded the previous year, and sales also exceeded the previous year, partly as a result of efforts to improve selling prices.」
In Turkey, sales exceeded the previous year due to higher automotive production and improved selling prices. - FY2023-Q3RestatedAnnual report
「In Turkey, the company worked to improve selling prices, mainly in the automotive and industrial sectors, and sales exceeded the previous year.」
In Turkey, improved selling prices continued, and sales exceeded the previous year, mainly in the automotive and industrial sectors. - FY2020-Q1RestatedAnnual report
「In Turkey, sales increased in local-currency terms, but the impact of currency depreciation on raw material prices and other factors put pressure on earnings. In addition, weak domestic economic conditions led to sluggish demand in the construction sector, and equity-method investment gains declined.」
In Turkey, sales continued to grow in local-currency terms, but equity-method investment gains declined due to weak construction demand, currency depreciation and the impact of raw material prices. - FY2019-Q2RestatedAnnual report
「In Turkey, although automotive production fell below the previous year, sales increased significantly in local-currency terms as a result of efforts to promote sales activities, and the company also worked to reduce various costs, resulting in a substantial increase in profit. However, results in yen terms were adversely affected by foreign-exchange translation.」
In Turkey, efforts to promote sales and reduce costs continued, but results in yen terms were reduced by foreign-exchange translation. - FY2019-Q1RestatedAnnual report
「In Turkey, although automotive production fell below the previous year, sales increased significantly in local-currency terms as a result of efforts to promote sales activities, and the company also worked to reduce various costs, resulting in a substantial increase in profit. However, results in yen terms were adversely affected by foreign-exchange translation.」
In Turkey, efforts to promote sales and reduce costs continued, but results in yen terms were reduced by foreign-exchange translation. - FY2018RestatedAnnual report
「The results of Polisan Kansai Boya Sanayi Ve Ticaret A.S. in Turkey, which became an equity-method affiliate in December 2016, have been recorded as equity-method investment gains, including amortization of the amount equivalent to goodwill.」
The practice of recording Polisan Kansai Boya's post-acquisition results as equity-method investment gains has been confirmed for the full fiscal year. - FY2018-Q3RestatedAnnual report
「Beginning in the first quarter, the results of Polisan Kansai Boya Sanayi Ve Ticaret A.S. in Turkey, including amortization of goodwill, have been recorded as equity-method investment gains.」
The practice of recording Polisan Kansai Boya's post-acquisition results as equity-method investment gains continues. - FY2018-Q2RestatedAnnual report
「Beginning in the first quarter, the results of Polisan Kansai Boya Sanayi Ve Ticaret A.S. in Turkey, including amortization of goodwill, have been recorded as equity-method investment gains.」
The practice of recording Polisan Kansai Boya's post-acquisition results as equity-method investment gains continues. - FY2018-Q1AdvancedAnnual report
「Beginning in the first quarter of the current consolidated fiscal year, the results of Polisan Kansai Boya Sanayi Ve Ticaret A.S. in Turkey, including amortization of goodwill, have been recorded as equity-method investment gains.」
Operations progressed to the stage of recording Polisan Kansai Boya's post-acquisition results as equity-method investment gains from the first quarter. - FY2017RestatedAnnual report
「Polisan Kansai Boya Sanayi Ve Ticaret A.S. (Turkey)」
Polisan Boya continued to be listed as an equity-method affiliate, confirming the company's continued presence in Turkey's architectural coatings market. - FY2017-Q3AchievedAnnual report
「Date of business combination: 16 December 2016. Legal form of business combination: acquisition of shares for cash consideration and subscription to a third-party allotment. Voting rights ratio after acquisition: 50.00%.」
The company completed the acquisition of shares in Polisan Boya and subscription to a third-party allotment on 16 December 2016, entering Turkey's architectural coatings market. - FY2017-Q2First statedAnnual report
「By making PB, one of Turkey's leading coatings manufacturers with a particularly strong presence in architectural coatings, an equity-method affiliate, we intend to enter the country's architectural coatings market and further expand the business, which we believe will contribute to the medium- to long-term growth of our Group's performance and enhance value for our shareholders.」
The company disclosed plans to acquire 50.0% of Polisan Boya's issued shares for approximately ¥11.5 billion through the acquisition of existing shares and subscription to a third-party allotment. The share transfer and capital increase subscription were scheduled to be completed in late December 2016.