Strengthening the mold business and manufacturing platform through the acquisition of Japan Machinery and Mold as a wholly owned subsidiary
First written in FY2024-Q1. 2 of 3 entries say "Restated". Latest entry: FY2024.
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- FY2024RestatedAnnual report
「We decided to acquire all of NKK’s shares and make it a subsidiary because we believe that adding NKK to the Group will enable us to leverage the knowledge of both companies, further enhance our technological capabilities, achieve additional growth for both companies and provide new value to customers.」
The annual report also reaffirms that the acquisition of all shares in 日本機械金型 and its conversion into a wholly owned subsidiary are intended to enhance technological capabilities through the mould business and provide customer value. - FY2024-Q3RestatedAnnual report
「During the first quarter consolidated accounting period, 日本機械金型株式会社 was included in the scope of consolidation following the acquisition of its shares.」
The company has reaffirmed that the acquisition of shares in 日本機械金型株式会社 and its conversion into a consolidated subsidiary were completed in Q1. - FY2024-Q1First statedAnnual report
「NKK manufactures and sells moulds for glass forming, PET bottle forming and other applications, which are highly compatible with the Group’s businesses, and has maintained a business relationship with us for many years. We decided to acquire all of its shares and make it a subsidiary because we believe that adding NKK to the Group will enable us to leverage the knowledge of both companies, further enhance our technological capabilities, achieve additional growth for both companies and provide new value to customers.」
A share transfer agreement was signed on 10 May 2023, and shares in 日本機械金型株式会社 were acquired on 1 June, making it a consolidated subsidiary. The post-acquisition voting rights ratio was 100.0%, and the acquisition cost was ¥1,421 million. The Group incorporated the business of manufacturing moulds for glass, PET bottles and other products, aiming to enhance its technological capabilities and provide new customer value.