Strengthening Overseas Marketing Capabilities and Business Integration through the Acquisition of 大同興業 as a Wholly Owned Subsidiary
First written in FY2017-Q1. 1 of 2 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2017-Q3.
87 other companies' latest entry also says "Advanced".
- FY2017-Q3AdvancedAnnual report
「The Company and its consolidated subsidiary 大同興業株式会社 (hereinafter, “大同興業”) conducted a share exchange, effective 1 October 2016, under which the Company became the wholly owning parent company and 大同興業 became a wholly owned subsidiary.」
大同興業 was made a wholly owned subsidiary through a share exchange, effective 1 October 2016. - FY2017-Q1First statedAnnual report
「We concluded that, to support further growth of the Group, it is essential to make maximum use of the overseas offices and personnel of 大同興業株式会社 (hereinafter, “大同興業”) to strengthen our marketing capabilities, while further accelerating the development of an integrated business model from product development through mass production by combining the expertise and management resources relating to the turbo components, magnets and high-alloy businesses.」
The Company decided to conduct a share exchange to make 大同興業 a wholly owned subsidiary, with the aim of leveraging its overseas offices and personnel, strengthening marketing capabilities, and integrating business expertise and management resources. The effective date was scheduled for 1 October 2016.