Business Integration with Toyo Seikan Group Holdings
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2018.
1 other company's latest entry also says "Dropped".
- FY2018DroppedAnnual report
「The two companies decided to terminate the agreement dated 30 March 2018.」
The basic agreement concerning the business integration with Toyo Seikan Group Holdings,Ltd. was terminated and discussions and consideration were discontinued because of the prolonged review by the Japan Fair Trade Commission, declining demand for metal cans and reduced integration benefits. - FY2017RestatedAnnual report
「As the Japan Fair Trade Commission’s review of the business combination is still ongoing, the two companies decided to postpone the business integration.」
The business integration remains postponed, and no new effective date has been announced. - FY2017-Q3SoftenedAnnual report
「The business integration is subject to obtaining the necessary permits and other approvals from the relevant authorities. However, as the Japan Fair Trade Commission’s review of the business combination is still ongoing, the two companies decided to postpone the business integration, which had been scheduled for 1 April 2017, and announced this decision on 20 December 2016.」
The business integration scheduled for 1 April 2017 was postponed because the Japan Fair Trade Commission’s review of the business combination was still ongoing. The integration policy itself remains unchanged, but the previously scheduled effective date has been pushed back and no new date has been announced. - FY2017-Q1RestatedAnnual report
「As the basic policy for this business integration, the companies plan to carry out a share exchange under which Toyo Seikan Group Holdings,Ltd. will become the wholly owning parent company and our company the wholly owned subsidiary, subject to approval at our shareholders’ meeting and the necessary approvals and other authorisations from the relevant authorities. The two companies will proceed with specific discussions and consideration toward the business integration in the spirit of equality, with the effective date of the share exchange scheduled for 1 April 2017.」
The companies are reiterating the same integration policy and schedule as in the previous filing, including the basic agreement, share exchange and effective date scheduled for 1 April 2017. - FY2016First statedAnnual report
「With 1 April 2017 set as the scheduled effective date of the share exchange, we will proceed with specific discussions and studies toward this management integration in accordance with the principle of equality.」
A basic agreement was signed on 25 April 2016, and integration through a share exchange is planned. The final agreement is scheduled by the end of 2016, and the extraordinary general meeting of shareholders is scheduled for February 2017.