Expansion of business operations through the acquisition of Naniwa Rubber Industries as a subsidiary
First written in FY2018-Q1. 4 of 7 entries say "Restated". Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019AdvancedAnnual report
「First, in the new businesses, we have consolidated and integrated operating sites and deployed personnel to maximize synergies with the Group at Naniwa Rubber Industry Co., Ltd. and Nitta Chemical Industrial Co., Ltd., which we acquired in fiscal 2017 and made consolidated subsidiaries.」
For Naniwa Rubber Industry and Nitta Chemical Industrial, acquired in fiscal 2017, the Group is pursuing maximum synergies through the consolidation and integration of operating sites and the deployment of personnel. The document also states that Naniwa Rubber Industry's business performance remains solid. - FY2019-Q3RestatedAnnual report
「As a result, revenue was ¥958 million and segment profit (operating profit) was ¥46 million. Nitta Chemical Industrial Co., Ltd. was included in the consolidated financial statements for the previous fiscal year only through its balance sheet and therefore was not included in the results for the nine months ended December 31 of the previous fiscal year.」
For the Chemical Products segment, including Nitta Chemical Industrial Co., Ltd., revenue for the nine months ended December 31 was ¥958 million and segment profit was ¥46 million. The company is reassessing operations following the subsidiary acquisition and designation as a reportable segment. - FY2019-Q2RestatedAnnual report
「The company added the chemicals business as a reportable segment after acquiring shares in ニッタ化工品株式会社 during the previous fiscal year and including the company in the scope of consolidation. Because only the balance sheet of ニッタ化工品株式会社 was consolidated for the previous fiscal year, its results were not included in the results for the first six months of the previous fiscal year.」
The company reaffirmed the addition of the chemicals business as a reportable segment following the acquisition of ニッタ化工品株式会社. For the six months ended the second quarter of the current fiscal year, the segment recorded revenue of ¥6,139 million and segment profit of ¥317 million. - FY2019-Q1AdvancedAnnual report
「The company added the chemicals business as a reportable segment after acquiring shares in ニッタ化工品株式会社 during the previous fiscal year and including the company in the scope of consolidation.」
Following the acquisition, the company added ニッタ化工品株式会社 as the chemicals business reportable segment, recording revenue of ¥3,084 million and segment profit of ¥169 million in the first quarter of the current fiscal year. - FY2018-Q3RestatedAnnual report
「In addition, the performance of 浪華ゴム工業株式会社, whose shares were acquired in May, remained firm.」
The company reaffirmed that 浪華ゴム工業’s performance remained firm after it became a subsidiary. No new acquisition milestone was indicated. - FY2018-Q2RestatedAnnual report
「In addition, the performance of 浪華ゴム工業株式会社, whose shares were acquired in May, was firm.」
The company reaffirmed that 浪華ゴム工業’s performance remained firm after the acquisition of its shares and its conversion into a subsidiary. The acquisition itself had been disclosed since the previous quarter, and no new acquisition milestone was indicated. - FY2018-Q1First statedAnnual report
「During the first quarter of the current fiscal year, the company included 浪華ゴム工業株式会社 in the scope of consolidation after making it a subsidiary through the acquisition of its shares. Revenue at 浪華ゴム工業株式会社, whose shares were acquired on 18 May 2017, also remained firm.」
The company made 浪華ゴム工業 a subsidiary through the acquisition of its shares on 18 May 2017 and added it to the scope of consolidation. The disclosure states that revenue remained firm after the acquisition.