Management integration of UACJ製箔 and 東洋アルミニウム
First written in FY2023-Q2. 2 of 5 entries say "Dropped", first in FY2025-H1. Latest entry: FY2025.
1 other company's latest entry also says "Dropped".
- FY2025DroppedAnnual report
「Accordingly, we terminated the basic agreement for this business integration on 31 October 2024.」
Regarding the business integration of UACJ製箔 and 東洋アルミニウム, the policy that each group would formulate its own independent growth strategy was finalized, and the basic integration agreement was formally terminated on 31 October 2024. - FY2025-H1DroppedAnnual report
「Following further discussions among JICキャピタル株式会社, Nippon Light Metal Holdings Company,Ltd. and the company, the parties continued to recognize the objectives pursued by the business integration, including supporting Japanese industry through a stable supply of aluminum foil products made in Japan, further strengthening the presence of Japan’s aluminum foil industry and enhancing corporate value. However, at this time, each group decided to formulate its own independent growth strategy. Following further discussions among JICキャピタル株式会社, Nippon Light Metal Holdings Company,Ltd. and the company, the parties continued to recognize the objectives pursued by the business integration, including supporting Japanese industry through a stable supply of aluminum foil products made in Japan, further strengthening the presence of Japan’s aluminum foil industry and enhancing corporate value. However, at this time, each group decided to formulate its own independent growth strategy.」
Regarding the business integration of UACJ製箔 and 東洋アルミニウム, the company withdrew the original integration policy and decided that each group would formulate its own independent growth strategy. It also stated that the basic integration agreement was terminated on 31 October 2024, and that UACJ製箔 was expected to remain a consolidated subsidiary without acquiring treasury shares or carrying out the merger. - FY2023SoftenedAnnual report
「We subsequently announced on 27 February 2023 that the effective date in the schedule for this business integration would be changed from the originally scheduled 1 April 2023 to undecided. The schedule was changed because preparations for the business integration were taking longer due to procedures under the Antimonopoly Act and other matters; there has been no change in the policy to carry out the business integration.」
The policy to integrate UACJ製箔 and 東洋アルミニウム and the ownership structure of 80% for JICキャピタル株式会社 and 20% for the company were maintained, but the effective date, which had been scheduled for 1 April 2023, was changed to undecided. - FY2023-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 31 August 2022, we agreed that our consolidated subsidiary UACJ製箔 and 東洋アルミニウム, a consolidated subsidiary of Nippon Light Metal Holdings Company,Ltd., would integrate their businesses with 1 April 2023 as the scheduled effective date, that JICキャピタル株式会社 would acquire 80% of the voting rights in the newly integrated company, and that we would retain 20%, and we entered into a basic integration agreement, as described below.」
Regarding the business integration of UACJ製箔 and 東洋アルミニウム, the company reconfirmed the existing plan for an absorption-type merger scheduled for 1 April 2023, with JICキャピタル株式会社 acquiring 80% of the voting rights and the company retaining 20%. The transaction was subject to approval and permits from the relevant authorities. - FY2023-Q2First statedAnnual report
「We agreed that our consolidated subsidiary UACJ製箔 and 東洋アルミニウム, a consolidated subsidiary of Nippon Light Metal Holdings Company,Ltd., would integrate their businesses with 1 April 2023 as the scheduled effective date, that JICキャピタル株式会社 would acquire 80% of the voting rights in the newly integrated company, and that we would retain 20%, and we entered into a basic integration agreement.」
To strengthen the competitiveness and supply capacity of the aluminum foil business, the company plans to integrate UACJ製箔 and 東洋アルミニウム through an absorption-type merger. The plan calls for JICキャピタル株式会社 to become a new shareholder and for production efficiencies, demand for lithium-ion battery foil and future capacity expansion to be addressed.