Strengthening the Business Base in Eastern Japan Through the Conversion of 東北ポール into a Subsidiary
First written in FY2021-Q3. 4 of 7 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2023-Q1.
27 other companies' latest entry also says "Advanced".
- FY2023-Q1AdvancedAnnual report
「Although our group benefited from higher revenue from Tohoku Pole Co., Ltd., which was newly consolidated in July last year,」
The company stated that revenue from Tohoku Pole, which became a subsidiary, contributed to the pole-related business in the current quarter, indicating that its post-acquisition results are increasingly being reflected. - FY2022AdvancedAnnual report
「By welcoming Tohoku Pole Co., Ltd. into the group, we will be able to pursue an integrated approach in the Eastern Japan region, together with Hokkaido Concrete Industry Co., Ltd., which was previously added to the group, in responding to the development of 5G networks and national resilience measures. We believe this will contribute to future group growth and enable us to further contribute to creating a safe, secure and prosperous society through mutual product supplies during large-scale disasters and other events.」
Following its acquisition as a subsidiary, Tohoku Pole became a consolidated subsidiary with an 83.2% voting rights ratio, and integrated operations in Eastern Japan began with Hokkaido Concrete Industry. Tohoku Pole recorded revenue of ¥5.929921 billion. - FY2022-Q3RestatedAnnual report
「We made Tohoku Pole Co., Ltd. a subsidiary in July last year and are working to strengthen group management.」
The company continues to strengthen group management through the acquisition of Tohoku Pole as a subsidiary. - FY2022-Q2AdvancedAnnual report
「Based on this, we acquired the shares effective 30 July 2021. By welcoming Tohoku Pole Co., Ltd. into the Group, we will be able to work together with Hokkaido Concrete Industry Co., Ltd., which was previously brought into the Group, on an integrated basis across eastern Japan in responding to the development of 5G networks, national resilience measures and other initiatives,」
The acquisition of shares in Tohoku Pole and its conversion into a subsidiary was completed on 30 July 2021, and integrated operations in Eastern Japan with Hokkaido Concrete Industry began. The post-acquisition voting rights ratio was 83.2%. - FY2022-Q1AdvancedAnnual report
「Based on this, we acquired the shares effective 30 July 2021. By welcoming Tohoku Pole Co., Ltd. into the Group, we will be able to work together with Hokkaido Concrete Industry Co., Ltd., which was previously brought into the Group, on an integrated basis across eastern Japan in responding to the development of 5G networks, national resilience measures and other initiatives,」
The acquisition of shares in Tohoku Pole and its conversion into a subsidiary was completed on 30 July 2021, advancing the company to the stage of integrated operations in Eastern Japan with Hokkaido Concrete Industry. The post-acquisition voting rights ratio was 64.3%. - FY2021RestatedAnnual report
「At a meeting of the Board of Directors held on 28 January 2021, we resolved to acquire 57.9% of the shares of Tohoku Pole Co., Ltd. and make it a subsidiary, and entered into a share transfer agreement on 5 February 2021.」
The company has reconfirmed the schedule following the Board of Directors resolution and execution of the share transfer agreement to make Tohoku Pole a subsidiary by acquiring 57.9% of its shares. - FY2021-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 28 January 2021, we resolved to acquire 57.9% of the shares of Tohoku Pole Co., Ltd. and make it a subsidiary, and entered into a share transfer agreement on 5 February 2021. By welcoming Tohoku Pole Co., Ltd. into the group, we will be able to pursue an integrated approach in the Eastern Japan region, together with Hokkaido Concrete Industry Co., Ltd., which was previously added to the group, in responding to the development of 5G networks and national resilience measures. We believe this will contribute to future group growth and enable us to further contribute to creating a safe, secure and prosperous society through mutual product supplies during large-scale disasters and other events. Date of business combination: 30 July 2021 (scheduled).」
The Board of Directors resolved to make Tohoku Pole a subsidiary by acquiring 57.9% of its shares, and a share transfer agreement was signed on 5 February 2021. The business combination is scheduled for 30 July 2021, after which the company aims to operate as an integrated business in Eastern Japan with Hokkaido Concrete Industry, addressing 5G development, national resilience and mutual supply during disasters.