Making MPIB a subsidiary and establishing it as the ASEAN regional strategic hub under Global Challenge 2018
First written in FY2017-Q1. 8 of 21 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2024-Q3.
0 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「In addition, revenue fell below that of the same quarter of the previous year because of the impact of the decline in revenue associated with the transfer of shares in Taisei Lamick Malaysia Sdn. Bhd. (currently Scientex Packaging (Kajang) Sdn. Bhd.).」
The impact of the decline in revenue following the transfer of TLM's shares has continued as a factor behind the decline in overseas revenue, alongside lower demand in the Americas and the subsequent decline following advance orders. - FY2024-Q2Continuing impact of the transfer and identification of specific factorsAnnual report
「In overseas markets, revenue fell below that of the same quarter of the previous year because of the decline in revenue associated with the transfer of shares in Taisei Lamick Malaysia Sdn. Bhd. (currently Scientex Packaging (Kajang) Sdn. Bhd.), in addition to lower demand for takeout meals and meal kits as foot traffic recovered in the Americas and a subsequent decline following advance orders placed amid concerns about transport delays.」
The decline in revenue following the transfer of TLM's shares continued to emerge as a factor behind the decline in overseas-market revenue, alongside lower demand in the Americas and the subsequent decline following advance orders. - FY2024-Q1Impact on revenue after the transferAnnual report
「In overseas markets, revenue fell below that of the same quarter of the previous year because of the decline in revenue associated with the transfer of shares in Taisei Lamick Malaysia Sdn. Bhd. (currently Scientex Packaging (Kajang) Sdn. Bhd.), in addition to multiple factors including demand adjustments and foreign-exchange movements.」
After the transfer of TLM's shares and the subsequent name change to Scientex Packaging (Kajang), the associated decline in revenue emerged as a factor behind the year-on-year decline in overseas-market revenue. - FY2023-Q3AchievedAnnual report
「During the second quarter consolidated accounting period, the company transferred shares in Taisei Lamick Malaysia Sdn. Bhd., formerly a consolidated subsidiary, leaving an ownership interest of 19.8%, and therefore excluded it from the scope of consolidation. During the same second quarter consolidated accounting period, the company newly established Taisei Lamick Asia (Malaysia) Sdn. Bhd. and included it in the scope of consolidation.」
The transfer of 80.2% of TLM's shares, for which the resolution and contract execution had been announced in the previous quarter, was completed, and TLM was excluded from the scope of consolidation. Taisei Lamick Asia (Malaysia) Sdn. Bhd. was also established, changing the structure of the ASEAN business. - FY2023-Q2ReframedAnnual report
「At a meeting of the Board of Directors held on 2 September 2022, the company resolved to transfer 80.2% of its shares in consolidated subsidiary Taisei Lamick Malaysia Sdn. Bhd. to SCIENTEX PACKAGING FILM SDN. BHD. and entered into a share transfer agreement on the same date.」
Regarding the plan to establish TLM, originating with MPIB, as the ASEAN regional strategic hub, the company changed its strategy toward transferring 80.2% of its shares to SCIENTEX and excluding TLM from the scope of consolidation. The post-transfer holding was 19.8%, and Taisei Lamick Asia (Malaysia) Sdn. Bhd. was newly established. - FY2021WorsenedAnnual report
「At consolidated subsidiary Taisei Lamick Malaysia Sdn. Bhd., after considering future recoverability, including the impact of the local spread of COVID-19 and other factors, the company recorded ¥667 million in impairment losses on fixed assets as a special loss, bringing the total to ¥1,127 million, up 2.0% year on year.」
For the ASEAN business originating with MPIB, the company recorded ¥667 million in impairment losses on TLM's fixed assets after taking into account the impact of the spread of COVID-19 and other factors. - FY2021-Q3AdvancedAnnual report
「Special retirement payments and other costs incurred in connection with measures to improve the business structure of overseas subsidiaries were recorded as special losses under business structure improvement expenses.」
Regarding improvement of the business structure of overseas subsidiaries, the company states that special retirement payments and other costs incurred in implementing the measures were recorded as business structure improvement expenses, specifying the post-acquisition restructuring of its overseas business as being at the execution stage. - FY2020AdvancedAnnual report
「In overseas markets, despite the impact of yen appreciation and other foreign-exchange factors amid growing economic and trade uncertainty in various parts of the world, the performance of Taisei Lamick Malaysia Sdn. Bhd., which began operating its new plant in the previous fiscal year, improved and revenue exceeded that of the same period of the previous year.」
TLM's performance improved after its new plant began operating, and overseas sales of packaging film exceeded the same period of the previous year despite the impact of foreign exchange and other factors. - FY2020-Q3RestatedAnnual report
「In overseas markets, although the performance of Taisei Lamick Malaysia Sdn.Bhd., which began operating its new plant in the previous fiscal year, improved, revenue declined from the same quarter of the previous year amid growing economic and trade uncertainty in various parts of the world and the impact of yen appreciation and other factors.」
While reaffirming the improvement in TLM's performance after its new plant began operating as a positive factor, the company states that overseas-market revenue declined year on year because of economic and trade uncertainty and the impact of yen appreciation. - FY2020-Q1AdvancedAnnual report
「In overseas markets, conditions in ASEAN, which had been difficult in the previous fiscal year, improved, and total revenue exceeded that of the same quarter of the previous year.」
The company states that conditions in ASEAN, which had been difficult in the previous fiscal year, improved and that revenue across overseas markets exceeded the same period of the previous year. - FY2019RestatedAnnual report
「In ASEAN, TLM was forced to relocate its plant because the site it owned was expropriated for an elevated railway project promoted by the Malaysian government. Although full-scale operations commenced during the current fiscal year, the slower-than-expected recovery in orders was also a factor behind the decline in profit.」
The company has continued restructuring the business following TLM's plant relocation and the start of full-scale operations, but the slower-than-expected recovery in orders became a factor in the decline in profit. - FY2019-Q3RestatedAnnual report
「In ASEAN, the site owned by TLM was expropriated for an elevated railway project promoted by the Malaysian government, forcing the relocation of the plant, and construction of the new plant undertaken in connection with the relocation was completed in March 2018. Full-scale operations commenced during the current fiscal year. Although there has been a slight delay against the plan, profitability and productivity are still being improved.」
The company states that, following completion of TLM's new plant and the start of full-scale operations, it is proceeding with improvements in profitability and productivity despite a slight delay against the plan. - FY2019-Q2RestatedAnnual report
「Overseas, the company made Taisei Lamick Malaysia Sdn.Bhd., a Malaysian manufacturer and seller of flexible packaging materials, a subsidiary in September 2016. The site owned by TLM was expropriated for an elevated railway project promoted by the Malaysian government, and construction of the new plant undertaken in connection with the relocation was completed in March 2018. Full-scale operations commenced during the current fiscal year, and profitability and productivity are still being improved.」
The company states that, following completion of TLM's new plant and the start of full-scale operations, it is proceeding with improvements in profitability and productivity. - FY2019-Q1AdvancedAnnual report
「Overseas, the company made Taisei Lamick Malaysia Sdn.Bhd., a Malaysian manufacturer and seller of flexible packaging materials, a subsidiary in September 2016. The site owned by TLM was expropriated for an elevated railway project promoted by the Malaysian government, and construction of the new plant undertaken in connection with the relocation was completed, with full-scale operations commencing.」
The company states that construction of TLM's new plant following the relocation after its acquisition as a subsidiary was completed and full-scale operations commenced. - FY2018AdvancedAnnual report
「Overseas revenue increased as a result of making Taisei Lamick Malaysia Sdn.Bhd., a Malaysian manufacturer and seller of flexible packaging materials, a subsidiary in September 2016.」
The full-year results state that making TLM a subsidiary had the business benefit of increasing revenue in overseas operations. - FY2018-Q3AdvancedAnnual report
「On 10 November 2017, Taisei Lamick Malaysia SDN.BHD. conducted a third-party allotment of shares, with Taisei Lamick Co., Ltd. and Shinsei Paper & Pulp Trading Co., Ltd. subscribing for shares.」
To support TLM's business restructuring and the launch of its liquid packaging business, a third-party allotment of shares was conducted, with Taisei Lamick and Shinsei Paper & Pulp Trading subscribing for shares. Following the capital increase, the shareholdings were Taisei Lamick 80.2% and Shinsei Paper & Pulp Trading 19.8%. - FY2018-Q2AdvancedAnnual report
「In East Asia, the company will seek to expand its sales markets beyond South Korea, while in ASEAN it will restructure the business of Taisei Lamick Malaysia SDN.BHD., made a subsidiary in September 2016, and launch a liquid packaging business centered on liquid filling machines.」
Regarding TLM, whose corporate name was changed from MPIB, the company states that it continued post-acquisition business restructuring and the launch of a liquid packaging business centered on liquid filling machines, which also contributed to a net increase in revenue during the quarter. - FY2018-Q1Developing a specific post-acquisition execution planAnnual report
「In East Asia, the company will seek to expand its sales markets beyond South Korea, while in ASEAN it will restructure the business of Malaysia Packaging Industry Berhad, made a subsidiary in September 2016, and launch a liquid packaging business centered on liquid filling machines.」
As post-acquisition measures for MPIB, the company explicitly states that it will restructure the business and launch a liquid packaging business centered on liquid filling machines. - FY2017-Q3AdvancedAnnual report
「On 5 December 2016, the company additionally acquired shares in its consolidated subsidiary Malaysia Packaging Industry Berhad. The additional shares acquired represented 38.17% of voting rights. The purpose of the additional acquisition was to establish a structure enabling the integrated operation of the Group's management resources and to further accelerate decision-making.」
Following the acquisition of MPIB as a subsidiary, the company additionally acquired shares representing 38.17% of voting rights on 5 December 2016, promoting the integrated operation of management resources and faster decision-making. - FY2017-Q2AchievedAnnual report
「During the second quarter of the fiscal year, we acquired shares in Malaysia Packaging Industry Berhad and included the company in the scope of consolidation.」
The planned acquisition of MPIB as a subsidiary, decided on and scheduled in the previous filing, was completed, and MPIB was included in the scope of consolidation using 30 September 2016 as the deemed acquisition date. The business combination information states an acquired voting interest of 54.95%. - FY2017-Q1First statedAnnual report
「As part of the medium-term management plan Global Challenge 2018 currently under way, the Group had been considering proactive initiatives in Asia. As part of its global strategy, the Group has designated MPIB as its regional headquarters (regional strategic hub) for the ASEAN region and decided to make it a subsidiary.」
The company decided to acquire 54.95% of Malaysia Packaging Industry Berhad and make it a subsidiary. The acquisition price was approximately ¥98 million for the shares and approximately ¥178 million in total, including advisory fees and other costs. The share transfer was scheduled for early September 2016. The note describes the decision stage and does not state that the acquisition had been completed.