Entering the Logistics Storage Equipment Business Through the Acquisition of 双福鋼器株式会社
First written in FY2017. 8 of 21 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2026.
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- FY2026Updated Full-Year Earnings PerformanceAnnual report
「Revenue at 双福鋼器株式会社, excluding intercompany sales among consolidated companies, accounted for more than 10% of consolidated revenue. Key financial information: (1) Revenue: ¥7,336.347 million; (2) Ordinary profit: ¥824.321 million; (3) Net income: ¥562.572 million」
双福鋼器 recorded revenue of ¥7.33634 billion, ordinary profit of ¥824.32 million and net income of ¥562.57 million, updating the position in which it accounted for more than 10% of consolidated revenue. - FY2025AdvancedAnnual report
「Revenue at 双福鋼器株式会社, excluding intercompany sales among consolidated companies, accounted for more than 10% of consolidated revenue. Key financial information: (1) Revenue: ¥7,453.683 million; (2) Ordinary profit: ¥876.026 million; (3) Net income: ¥587.375 million」
Following its conversion into a wholly owned subsidiary, 双福鋼器 accounted for more than 10% of consolidated revenue, with revenue of ¥7.45368 billion and ordinary profit of ¥876.02 million, making its contribution to the business following the acquisition even more tangible. - FY2025-Q1AdvancedAnnual report
「Revenue from racks for logistics warehouses increased year on year as orders accumulated steadily from the beginning of the fiscal year.」
For racks for logistics warehouses, sales had declined in the previous fiscal year because the scale of orders became smaller, but orders accumulated from the beginning of the fiscal year and revenue increased year on year. - FY2024Confirmation of full-year sales declineAnnual report
「Sales of racks for logistics warehouses decreased in volume terms because the scale of orders became smaller, and revenue fell 13.0% from the previous fiscal year.」
The volume of racks for logistics warehouses related to 双福鋼器 declined as the scale of orders became smaller, and full-year revenue fell 13.0% from the previous fiscal year. - FY2024-Q3Updated decline in rack salesAnnual report
「Sales of racks for logistics warehouses decreased in volume terms because the scale of orders became smaller, and revenue fell 20.7% year on year.」
The volume of racks for logistics warehouses declined as the scale of orders became smaller, and revenue fell 20.7% year on year. - FY2024-Q2Decline in rack salesAnnual report
「Sales of racks for logistics warehouses decreased in volume terms because the scale of orders became smaller, and revenue fell 17.1% year on year.」
For racks for logistics warehouses related to 双福鋼器, volume and revenue declined as the scale of orders became smaller. - FY2022AdvancedAnnual report
「Revenue at 双福鋼器株式会社, excluding intercompany sales among consolidated companies, accounted for more than 10% of consolidated revenue. Key financial information: (1) Revenue: ¥6,006.414 million; (2) Ordinary profit: ¥454.974 million; (3) Net income: ¥297.849 million」
Following its conversion into a wholly owned subsidiary, 双福鋼器 accounted for more than 10% of consolidated revenue, with revenue of ¥6.00641 billion and ordinary profit of ¥454.97 million, making its contribution to the business more tangible. - FY2022-Q2RestatedAnnual report
「Sales of racks for logistics warehouses also remained strong.」
Strong sales of racks for logistics warehouses at 双福鋼器 continued following its conversion into a wholly owned subsidiary. - FY2022-Q1RestatedAnnual report
「Sales of racks for logistics warehouses also remained strong.」
Strong sales of 双福鋼器's main racks for logistics warehouses continued. - FY2021AdvancedAnnual report
「At the subsidiary 双福鋼器株式会社, sales of racks for next-generation logistics storage systems remained strong, and revenue reached a record high.」
Following its conversion into a wholly owned subsidiary, 双福鋼器 recorded record revenue from racks for next-generation logistics storage systems, and its contribution to the business following the acquisition progressed. - FY2021-Q3RestatedAnnual report
「At the subsidiary 双福鋼器株式会社, sales of racks for next-generation logistics storage systems remained strong.」
Following its conversion into a wholly owned subsidiary, strong sales of racks for next-generation logistics storage systems at 双福鋼器 continued. - FY2021-Q1AchievedAnnual report
「双福鋼器株式会社 was already a consolidated subsidiary, but we acquired an additional 49% of its shares and made it a wholly owned subsidiary, with the aim of enhancing corporate value through closer coordination within the ALINCO Group and by responding more fully to the logistics systems equipment market, which is expected to expand further.」
The remaining 49% of 双福鋼器 was additionally acquired on 29 June 2020, completing its conversion into a wholly owned subsidiary with 100% voting rights. The acquisition cost was stated as ¥1.5 billion. - FY2020-Q3Continuation of strong sales following the acquisitionAnnual report
「Sales of racks for logistics warehouses at the subsidiary 双福鋼器株式会社 were also strong.」
At 双福鋼器, strong sales of racks for logistics warehouses continued following its consolidation as a subsidiary. - FY2020-Q1Continuation of strong sales following the acquisitionAnnual report
「Sales of racks for automated warehouses used in logistics operations at the subsidiary 双福鋼器株式会社 also remained strong.」
At 双福鋼器, sales of racks for automated warehouses used in logistics operations remained strong following the acquisition. - FY2019Confirmation of increased sales following the acquisitionAnnual report
「Revenue from the subsidiary 双福鋼器株式会社 also increased from the previous fiscal year, as sales of high-precision, earthquake-resistant racks for logistics warehouses benefited from strong material-handling investment in the distribution and manufacturing sectors and elsewhere against a backdrop of expanding e-commerce.」
At 双福鋼器, sales of racks for logistics warehouses increased from the previous fiscal year, against a backdrop of expanding e-commerce and strong material-handling investment in the distribution and manufacturing sectors and elsewhere. - FY2019-Q2Confirmation of strong sales following the acquisitionAnnual report
「Sales of logistics-related equipment at 双福鋼器株式会社, which became a consolidated subsidiary in the previous fiscal year, remained strong.」
Following the acquisition of 双福鋼器, sales of logistics-related equipment continued to be strong. Revenue from the construction equipment-related business increased 9.2% year on year. - FY2018AdvancedAnnual report
「Revenue from this business was ¥17.798 billion, up 31.9% from the previous fiscal year. Sales of a broad range of products, including the new Albatross scaffolding system, remained strong, supported by rising construction demand due to the renovation and maintenance of social infrastructure and the full-scale start of large building projects in the Tokyo metropolitan area. Revenue from newly consolidated 双福鋼器株式会社 also contributed, resulting in a substantial increase from the previous fiscal year.」
The contribution from 双福鋼器's revenue following its consolidation was confirmed for the full fiscal year, and revenue from the construction equipment-related business increased 31.9% from the previous fiscal year. - FY2018-Q3AdvancedAnnual report
「Revenue from this business was ¥12.908 billion, up 29.0% year on year. Sales of a broad range of products, including the new Albatross scaffolding system, remained strong, supported by rising construction demand due to the renovation and maintenance of social infrastructure and the full-scale start of large building projects in the Tokyo metropolitan area. Revenue from newly consolidated 双福鋼器株式会社 also contributed to the increase.」
The contribution from 双福鋼器's revenue following its consolidation was confirmed in the cumulative third quarter, and revenue from the construction equipment-related business increased 29.0% year on year. - FY2018-Q2AdvancedAnnual report
「Revenue in this business increased 23.3% year on year to ¥8,545 million. Demand for renovation and refurbishment of social infrastructure, earthquake-resistance and remodelling work, and other projects remained firm. Sales of the new “Albatross” scaffolding system and aluminium work platforms also remained strong, while revenue from newly consolidated subsidiary 双福鋼器株式会社 contributed to the increase.」
双福鋼器 was included in consolidation from the first quarter and contributed to higher revenue in the construction equipment-related business in the cumulative second quarter. Its post-acquisition contribution to the business was confirmed in concrete terms. - FY2018-Q1AdvancedAnnual report
「31 March 2017 Voting rights acquired 51%」
The acquisition of a 51% stake in 双福鋼器 was reflected in consolidation from the current quarter, incorporating its results from 1 April to 31 May 2017. Goodwill of ¥739.161 million arising from the acquisition is being amortised on a straight-line basis over 8 years, making the operational and accounting integration of the acquired business concrete. - FY2017First statedAnnual report
「Based on a resolution of the Board of Directors dated 7 March 2017, the Company acquired shares in 双福鋼器株式会社 and made it a consolidated subsidiary. The acquisition adds a new business area to the Group and is expected to generate synergies across a broad range of fields by expanding the business base, contributing to future performance and enhancing corporate value. Post-acquisition voting rights: 51%. Acquisition cost: ¥1,200 million.」
The Company acquired a 51% voting interest in 双福鋼器, which handles logistics storage equipment and steel flooring, making it a subsidiary and adding a new business area with expected synergies.