Synergies and faster decision-making through the conversion of Korea Nittamauer into a wholly owned subsidiary
First written in FY2020-Q1. 1 of 3 entries say "Cited as achieved", first in FY2020-Q3. Latest entry: FY2020.
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- FY2020AchievedAnnual report
「Through making the Company a wholly owned subsidiary, we aim to generate synergies in the development of the Group's businesses, accelerate decision-making and further enhance corporate value.」
On 13 May 2019, the company completed the full acquisition of 韓国ニッタムアー and paid consideration of ¥2,254 million. The acquisition milestone of making the company a wholly owned subsidiary was completed. - FY2020-Q3Cited as achievedAnnual report
「The main factors were an increase in retained earnings from net income attributable to owners of the parent, offset by a decrease in the foreign currency translation adjustment and decreases in capital surplus and non-controlling interests associated with making 韓国ニッタムアー a wholly owned subsidiary.」
The full acquisition of 韓国ニッタムアー is cited as a past event that contributed to the decrease in net assets. - FY2020-Q1First statedAnnual report
「Through making the Company a wholly owned subsidiary, we aim to generate synergies in the development of the Group's businesses, accelerate decision-making and further enhance corporate value.」
On 13 May 2019, 韓国ニッタムアー株式会社 acquired its own shares and became a wholly owned subsidiary of the Company. The consideration was ¥2,254 million in cash, with the transaction intended to generate synergies in the Group's business development and accelerate decision-making.