Asahi Eito Holdings (5341) · InitiativeWorsened
Acquisition of All Shares in 山本窯業化工株式会社 and Conversion into a Subsidiary
First written in FY2023. 1 of 2 entries say "Worsened", first in FY2024. Latest entry: FY2024.
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Acquisition of All Shares in 山本窯業化工株式会社 and Conversion into a SubsidiaryA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2024WorsenedAnnual report
「The unamortized balance of goodwill relating to Yamamoto Yogyokako Co., Ltd. was recognized as an impairment loss because the earnings anticipated at the time of the share acquisition can no longer be expected.」
For 山本窯業化工株式会社, whose shares were acquired in full in 2023, the company recorded an impairment loss of ¥34.857 million on goodwill after the earnings anticipated at the time of acquisition were no longer expected to materialize. - FY2023First statedAnnual report
「At a meeting of its Board of Directors held on 1 August 2023, the Company resolved to acquire all shares of 山本窯業化工株式会社 (hereinafter “YYK”) and made YYK a consolidated subsidiary. Date of business combination: 30 November 2023; voting rights acquired: 100.0%」
The company acquired all shares of 山本窯業化工株式会社, which develops, manufactures, and sells architectural finishing materials, on 30 November 2023, the business combination date, making it a consolidated subsidiary.