Accelerating overseas and business expansion with M&A in view
First written in FY2017. 3 of 7 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2026.
Mitsubishi Steel Mfg. moved to the "Worse" side of this theme in 2024.
2 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「While improving profitability in existing markets, the Group will seek to expand its business base through partnerships and M&A, aiming to establish a second site after Indonesia for entry into new markets.」
Although overseas expansion, including M&A, involved exits from the German and Mexican sites, the focus shifted to establishing a second site for commercial vehicle and automotive springs. - 2026-05-13RestatedManagement Plan
「Direction of strategic alliances and M&A」
提携・M&Aを、技術獲得、商権獲得、生産能力補完、同業との連携強化の選択肢として継続する方針を示した。 - FY2025-H1SoftenedAnnual report
「In addition, interim net income attributable to owners of the parent amounted to ¥32 million, down ¥890 million (96.5%) year on year, due to the recognition of a foreign-exchange loss on foreign-currency-denominated assets caused by exchange-rate movements and an extraordinary loss associated with the withdrawal from the German spring business.」
Regarding overseas business expansion, including the acquisition of a European spring manufacturer, the Group exited the German spring business and incurred an extraordinary loss, narrowing the scope of its previous European expansion policy. - FY2023AdvancedAnnual report
「The purpose of the additional acquisition of shares is to strengthen the financial base of PT. JATIM TAMAN STEEL MFG.」
Regarding M&A and capital policy in the overseas business, the Group acquired additional shares in JATIM and increased its controlling interest to strengthen the company’s financial base. - FY2018AdvancedAnnual report
「To make the automotive suspension spring business, including coil springs and stabilisers, a global supplier, one of the objectives of the Heisei 28 Medium-Term Management Plan, the Group decided to enter Europe by acquiring a European spring manufacturer, following its entry into Mexico and the launch of the Chinese stabiliser business.」
Regarding overseas and business expansion through M&A, the Group entered Europe by acquiring a German spring manufacturer. - FY2018-Q3AdvancedAnnual report
「To further improve quality and cost competitiveness, the Group acquired additional shares in the associate accounted for under the equity method and made it a consolidated subsidiary.」
Regarding overseas and business expansion with M&A in view, the Group acquired additional shares in Indonesia’s PT.JATIM TAMAN STEEL MFG. and completed its conversion into a consolidated subsidiary with a 56.2% voting interest. The stated objectives of the acquisition were to improve quality and cost competitiveness and make the company a core part of the ASEAN strategy. - FY2017First statedAnnual report
「In FY2017, the Group will accelerate overseas expansion and business expansion, including M&A as an option.」
The Group specified for the first time that it would accelerate overseas and business expansion, with M&A included among the options for implementing its plans in FY2017.