Strengthening the rotary kiln business and the Group’s foundation through the acquisition of all shares of 岩佐機械工業
First written in FY2022-Q2. 4 of 6 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2023.
4 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「In the Plant Business, sales and profit both substantially exceeded those of the previous fiscal year, owing to the recovery in the capital investment environment of the company’s major customers, steady orders and the addition of a full year of sales and profit from 岩佐機械工業, which was acquired in October 2021.」
The effects of the acquisition of 岩佐機械工業 were reflected for the first time for a full fiscal year, contributing to Plant Business sales of ¥5,702 million and segment profit of ¥912 million. - FY2023-Q2AdvancedAnnual report
「In the plant business, sales and profit both exceeded the same quarter of the previous year, helped by the recovery in the capital investment environment among the company's major customers, firm orders and the addition of sales and profit from 岩佐機械工業株式会社, acquired in the previous fiscal year. In the plant business, sales for the six months ended 30 September were ¥2,422 million, up 26.4% year on year, while segment profit was ¥335 million, up 27.9% year on year.」
The effects of the acquisition of 岩佐機械工業 were reflected in sales and profit in the Plant Business, resulting in higher sales and profit year on year. - FY2023-Q1AdvancedAnnual report
「In the Plant Business, sales and profit both substantially exceeded those of the same quarter of the previous year, owing to the recovery in the capital investment environment of the company’s major customers and the addition of sales and profit from 岩佐機械工業, which was acquired in the previous fiscal year. In the Plant Business, sales for the cumulative first-quarter consolidated period were ¥1,241 million, up 41.2% year on year, and segment profit was ¥164 million, up 41.0% year on year.」
Following the acquisition of 岩佐機械工業, its sales and profit were added to the Plant Business, resulting in approximately 41% year-on-year increases in both sales and profit for the business. - FY2022RestatedAnnual report
「Through the various synergies arising from making 岩佐機械工業 a subsidiary, the company aims to further strengthen and expand the Group’s business foundation and establish a structure capable of providing “the highest quality” over the next 100 years as well.」
Following the acquisition of all shares of 岩佐機械工業 and its inclusion in the scope of consolidation, the company continues to pursue synergies with its rotary kiln-related technologies and customer base, as well as improvements in its business foundation, competitiveness, profitability and growth potential. - FY2022-Q3AdvancedAnnual report
「During the third quarter consolidated accounting period, the company acquired all shares of 岩佐機械工業 and included it in the scope of consolidation. As the deemed acquisition date was 31 December 2021, only the balance sheet was consolidated for the third quarter consolidated accounting period, while the income statement was not consolidated.」
Following the acquisition of all shares of 岩佐機械工業, the company included it in the scope of consolidation from the current quarter. As the deemed acquisition date was 31 December 2021, only the balance sheet was consolidated this time. - FY2022-Q2AchievedAnnual report
「At a meeting of its Board of Directors held on 12 October 2021, the company resolved to acquire the shares of 岩佐機械工業株式会社 and make it a subsidiary. It entered into a share transfer agreement on the same date, acquired all shares on 29 October 2021, and made the company a subsidiary.」
The company acquired all shares of 岩佐機械工業, which engineers, designs and manufactures rotary kilns and other equipment, on 29 October 2021 and made it a subsidiary. The company explains that the acquisition aims to improve its business foundation, competitiveness, profitability and growth potential through synergies, and to establish a structure capable of providing the highest quality.