Synergies in the civil engineering business through the acquisition of Free Kogyo as a subsidiary
First written in FY2018-Q3. 5 of 10 entries say "Advanced", first in FY2018. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024AdvancedAnnual report
「In the civil engineering products business, production and acceptance of RC segments for the Linear Chuo Shinkansen and other projects remained solid. In addition, a large PC wall systems project was completed and shipments of precast soldier-pile panel wall products progressed smoothly, resulting in net sales of ¥11,996 million, up 5.1% year on year.」
The civil engineering products business, including フリー工業, posted a 5.1% year-on-year increase in revenue, driven by RC segments for the Chuo Shinkansen, a large PC-wall project and progress on pile-supported panel walls. - FY2023Decline in civil engineering business revenue due to lower orders at フリー工業Annual report
「In the civil engineering products business, production of RC segments for the Linear Chuo Shinkansen remained solid, but revenue was affected by lower orders for the slope reinforcement business at フリー工業, resulting in net sales of ¥11,410 million, down 2.4% year on year.」
The civil engineering products business, which had contributed revenue after フリー工業 became a subsidiary, posted a full-year revenue decline due to lower orders for slope reinforcement work at フリー工業. - FY2022AdvancedAnnual report
「In the civil engineering products business, despite the impact of delays in orders for PC wall systems, フリー工業, which operates the slope reinforcement business, performed well, and revenue from RC segments for the Linear Chuo Shinkansen was recognized, resulting in net sales of ¥11,694 million, up 2.9% year on year.」
Strong performance by フリー工業 and the recognition of sales of RC segments for the Chuo Shinkansen drove the contribution of the civil engineering business, including the subsidiary, into full-year results. - FY2022-Q3RestatedAnnual report
「フリー工業, whose main business is slope reinforcement construction, performed well in the civil engineering products business,」
We have reconfirmed that フリー工業, which was made a subsidiary, is performing well in the third quarter as well. - FY2022-Q1RestatedAnnual report
「フリー工業, the slope reinforcement business, performed well.」
We have reconfirmed that フリー工業, which was made a subsidiary, is performing well in the first quarter. - FY2021AdvancedAnnual report
「In the civil engineering products business, some RC segment production and shipments were pushed back by construction delays. However, sales and installation of civil engineering products such as PC wall systems that contribute to national resilience were strong, particularly for large projects, and the Group company engaged in slope reinforcement works increased sales steadily. As a result, net sales were ¥11,363 million, up 14.6% year on year.」
Group companies carrying out slope reinforcement and other construction work, including subsidiary フリー工業, increased revenue and contributed to higher revenue in the civil engineering products business. - FY2019RestatedAnnual report
「Civil engineering products revenue increased as PC wall systems secured orders for large projects and sales by subsidiary フリー工業 were added.」
The Company continues to expand its civil engineering business through the revenue contribution from making フリー工業 a subsidiary and by combining its operations with concrete products. - FY2019-Q2AdvancedAnnual report
「In the civil engineering products business, RC segments continued to be produced steadily, and the results of subsidiary フリー工業 were added, resulting in net sales of ¥4,797 million, up 52.6% from the same quarter of the previous year.」
The results of subsidiary フリー工業 were added to the civil engineering products business and were reflected in that business's revenue. - FY2018AdvancedAnnual report
「フリー工業株式会社, founded in May 1975, carries out construction work in the civil engineering field, including slope protection, retaining wall, and road widening work, and sells construction materials. The Group, meanwhile, manufactures and sells concrete products, including poles and piles, RC segments for civil engineering applications, and PC wall units and soldier pile panels for retaining walls. The Company believes that combining フリー工業株式会社's advanced construction technology and development capabilities will generate significant synergies.」
The acquisition of shares in フリー工業 and its conversion into a subsidiary were completed on 31 January 2018, giving concrete form to the plan to create synergies by combining its slope protection and retaining wall construction technology with the Company's concrete products. - FY2018-Q3First statedAnnual report
「At a meeting of its Board of Directors held on 25 December 2017, the Company resolved to acquire the shares of フリー工業株式会社 and make it a subsidiary, and completed the acquisition procedures on 31 January 2018.」
The Company acquired フリー工業, which carries out slope protection, retaining wall, and road widening construction, among other civil engineering work, and made it a subsidiary. The number of shares acquired was 260,500, giving the Company a 69.8% ownership interest after the acquisition. The objective is to create synergies by combining the company's construction technology and development capabilities with the Group's concrete products.