Osaka Steel (5449) · InitiativeCited as achieved
Making Tokyo Steel a subsidiary
First written in FY2016. 1 of 2 entries say "Achieved", first in FY2016. Latest entry: FY2017-Q1.
2entries
1years
0from disclosures
How it moved
Same theme, other companies
Strengthening the Steel Business Foundation through the Acquisition of 東京鋼鐵 as a SubsidiaryA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
No other company in this theme has enough history to compare yet.
Full recordFilings, disclosures and news, newest first
- FY2017-Q1Cited as achievedAnnual report
「As a result, steel product sales volume for the cumulative first-quarter consolidated period, including the performance of 東京鋼鐵株式会社, which became a consolidated subsidiary in March this year, was 207,000 tonnes.」
The company cites the consolidation of 東京鋼鐵 as a past action and includes its performance in the current-quarter results. - FY2016AchievedAnnual report
「As a result, on 24 March 2016, the date on which settlement of this tender offer began, we acquired 14,697,795 common shares of 東京鋼鐵. Accordingly, because the proportion of voting rights held by us exceeded 50% of the total voting rights of all shareholders of 東京鋼鐵, 東京鋼鐵 became our subsidiary.」
The company acquired shares of 東京鋼鐵 through a tender offer and completed the process of making it a subsidiary by acquiring more than 50% of the voting rights.