Creating New Businesses through M&A and Business Alliances
First written in FY2019. 3 of 8 entries say "Achieved", first in FY2024-Q3. Latest entry: 2026-10-15.
0 other companies' latest entry also says "Achieved".
- FY2026AdvancedAnnual report
「Through this merger, we will strengthen our earnings base by enhancing competitiveness through the sharing of expertise in sales and research and development, improving operating efficiency and reducing costs by integrating overlapping operations.」
CROSS TECHNOLOGIES N.A. INC. was absorbed into MORESCO USA Inc. effective 1 January 2026, moving the post-acquisition North American business into the integration and overlapping-operations reduction phase. - FY2025-H1Cited as achievedAnnual report
「Specialty lubricant revenue increased substantially due to higher automobile production and the addition of CROSS TECHNOLOGIES N.A. INC. as a consolidated subsidiary following the acquisition of its business in the prior fiscal year. As a result, revenue from external customers in the segment was ¥1,213 million, up 107.6% year on year, and segment profit was ¥129 million, up 61.6% year on year.」
The business acquisition of CROSS TECHNOLOGIES N.A. INC., completed in the previous fiscal year, is reflected in actual results as a factor behind increases in sales and profit in the North America segment. - FY2024-Q3AchievedAnnual report
「MUSA had purchased raw materials used in die-casting release agents and other products from CROSS. The purpose of this business acquisition is to strengthen the stable supply of products by securing a new production base in the United States, to in-house the production and development of raw materials for lubricants, and to manufacture and sell higher-performance products. Business combination date: 20 October 2023.」
MUSA's acquisition of all of CROSS's businesses was completed on 20 October 2023. The consideration was ¥1,320 million, completing the execution phase of a specific M&A transaction intended to secure a US production base, ensure stable supply, and in-house the production and development of raw materials. - FY2024-Q2AdvancedAnnual report
「The purpose of this business acquisition is to strengthen the stable supply of products by securing a new production base in the United States, in-house manufacturing and development of lubricant raw materials, and the manufacture and sale of higher-performance products.」
The policy of creating new businesses through M&A and business alliances progressed to a specific transaction: MUSA entered into an agreement to acquire all of CROSS's businesses, with consideration of approximately ¥1,308 million and a business combination date scheduled for 20 October 2023. - FY2020RestatedAnnual report
「② We will create new businesses by leveraging M&A and business alliances.」
The medium-term management policy of creating new businesses through M&A and business alliances continues to be pursued. - FY2019First statedAnnual report
「We will create new businesses by leveraging M&A and business alliances.」
A medium-term management policy positioning M&A and business alliances as means of creating new businesses was identified for the first time.