Stabilizing the supply of semifinished products to KSVC through an equity investment in VIS
First written in FY2018-Q2. 5 of 7 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「Vietnam Italy Steel」
Information on affiliated companies states that the ownership ratio of voting rights in VIS is 98.9%, indicating that the capital relationship progressed further after the additional investment. - FY2022AdvancedAnnual report
「We additionally acquired shares of Vietnam Italy Steel on 9 May 2022. As of the date of filing the annual securities report, the ownership ratio of voting rights was 98.0%.」
Through an additional acquisition, we increased our equity interest in VIS from 73.8% to 98.0%, substantially increasing our interest in the consolidated subsidiary. - FY2021AdvancedAnnual report
「Vietnam Italy Steel, the only electric arc furnace operator in northern Vietnam, achieved a profit for the first time since its acquisition. From the second half onward, steelmaking operated at full production capacity, costs were steadily reduced, and efforts to expand sales of high-value-added products proved successful in both manufacturing and sales.」
Following the additional investment in VIS and its conversion into a consolidated subsidiary, the company achieved a profit for the first time since its acquisition after reaching full steelmaking production, reducing costs, and expanding sales of high-value-added products. - FY2019-Q3AdvancedAnnual report
「Following our equity investment in the company in November 2017, we increased our equity interest to 65.0% through an additional share acquisition in May 2018 and made the company a subsidiary. As part of our Group's northern Vietnam strategy, we have now additionally acquired 6.5 million shares, including the 5 million shares acquired during the second quarter consolidated accounting period, increasing our equity interest in VIS to 73.8%. This will enhance synergies with our consolidated subsidiary キョウエイ・スチール・ベトナム社, which operates in northern Vietnam, as does VIS, and further strengthen our Group's presence in the northern Vietnam market.」
We additionally acquired 6.5 million shares of VIS, increasing our equity interest from 65.0% to 73.8%. We moved to the stage of enhancing synergies with KSVC and strengthening our presence in the northern Vietnam market. - FY2019-Q2AdvancedAnnual report
「Following our equity investment in the company in November 2017, we increased our equity interest to 65.0% through an additional share acquisition in May 2018 and made the company a subsidiary. As part of our Group's northern Vietnam strategy, we have now additionally acquired 5 million shares of the company, increasing our equity interest in VIS to 71.7%. This will enhance synergies with our consolidated subsidiary キョウエイ・スチール・ベトナム社, which operates in northern Vietnam, as does VIS, and further strengthen our Group's presence in the northern Vietnam market.」
We additionally acquired 5 million shares of VIS, increasing our equity interest from 65.0% to 71.7%. We moved to the stage of enhancing synergies with KSVC and strengthening our presence in the northern Vietnam market. - FY2018AchievedAnnual report
「Business combination date: 14 May 2018 Voting rights held before the business combination date: 20.0% Voting rights additionally acquired on the business combination date: 45.0% Voting rights held after the acquisition: 65.0%」
We additionally acquired 45% of VIS on top of the 20% already held, completing its conversion into a consolidated subsidiary with a 65% equity interest. - FY2018-Q2First statedAnnual report
「In November 2017, we acquired shares of Vietnam Italy Steel Joint Stock Company, hereinafter referred to as VIS. This equity investment was made to strengthen cooperation with VIS, including the stable supply of semifinished products and products to KSVC. We acquired 14,767,000 shares of VIS from Thai Hung Trading Joint Stock Company, VIS's largest shareholder, at a cost of approximately ¥1.9 billion, representing an approximately 20% equity interest. Thai Hung Trading Joint Stock Company is headquartered in Thai Nguyen Province, Vietnam.」
We acquired approximately 20% of VIS for approximately ¥1.9 billion to secure a stable supply of semifinished products, a key raw material for KSVC, and strengthen cooperation with VIS.