Merger with Sanwa Seimitsu Kogyo
First written in FY2019-Q1. 2 of 3 entries say "Cited as achieved", first in FY2019-Q2. Latest entry: FY2019-Q3.
No other company in this theme has enough history to compare yet.
- FY2019-Q3Cited as achievedAnnual report
「The company absorbed its wholly owned subsidiary Sanwa Seimitsu Kogyo Co., Ltd. effective 1 April 2018.」
The absorption merger of Sanwa Seimitsu Kogyo was again stated as a completed organizational fact. - FY2019-Q2Cited as achievedAnnual report
「The company absorbed its wholly owned subsidiary Sanwa Seimitsu Kogyo Co., Ltd. effective 1 April 2018.」
The absorption merger of Sanwa Seimitsu Kogyo was again stated as a completed organizational fact. - FY2019-Q1AchievedAnnual report
「The company absorbed its wholly owned subsidiary Sanwa Seimitsu Kogyo Co., Ltd. effective 1 April 2018. Amid a challenging business environment marked by a shrinking domestic market, including a contraction in the market for sales through distributors, the company sought to make flexible and efficient use of management resources, strengthen its management structure in terms of technology, quality and compliance, and expand business in automotive-related fields, as follows: 1. Establishment of an integrated quality control and assurance system, including secondary processing, enhancement of technological development capabilities, and construction of an efficient processing system including subcontractors 2. Establishment of an integrated earnings and cost management system, and faster decision-making on capital investment and other matters 3. Expansion of sales by leveraging precision-processing capabilities」
The company completed the merger effective 1 April 2018. The stated objectives included an integrated quality control and assurance system including secondary processing, stronger technological development capabilities, an efficient processing system, earnings and cost management, faster capital investment decisions, and sales expansion leveraging precision-processing capabilities.