Expansion of the automotive parts painting and printing business through the acquisition of shares in 株式会社真永
First written in FY2023-Q3. 1 of 3 entries say "Achieved", first in FY2023. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025RestatedAnnual report
「In addition, as domestic subsidiaries, the company made Nagano Dry Lube a subsidiary in April 2019, Oita Dry Lube in June 2020 and 真永 in January 2023.」
The Group structure following the establishment of domestic subsidiaries, including 株式会社真永, and the continued expansion and collaboration of its businesses in Japan and overseas continue. - FY2023AchievedAnnual report
「Because the automotive interior and exterior parts coating business and the printing and processing business operated by 株式会社真永 do not overlap with the Group’s sales channels, the company determined that the businesses could be expanded through synergies, including their rollout through the Group in Japan and overseas, thereby enhancing corporate value, and decided to acquire the shares.」
On 23 January 2023, the company acquired 100% of the issued shares of 株式会社真永 and made it a consolidated subsidiary. The acquisition and consolidation of the automotive parts and other coating and printing businesses have been completed. - FY2023-Q3First statedAnnual report
「Because the automotive interior and exterior parts coating business and the printing and processing business operated by 株式会社真永 do not overlap with the Group’s sales channels, the company determined that the businesses could be expanded through synergies, including their rollout through the Group in Japan and overseas, thereby enhancing corporate value, and decided to acquire the shares.」
On 23 January 2023, the company acquired all issued shares of 株式会社真永 and made it a consolidated subsidiary. The deemed acquisition date was 31 March 2023, and only the balance sheet was consolidated in the third quarter under review. The reasons for the acquisition were the absence of overlapping sales channels in the automotive interior and exterior parts coating business and the printing and processing business, and the potential for business expansion and enhanced corporate value through synergies, including expansion in Japan and overseas. Goodwill was ¥10,383 thousand and acquisition-related expenses were ¥29,840 thousand.