Expanding the Indonesian Business Through the Additional Acquisition and Consolidation of PT.KAPURINDO SENTANA BAJA
First written in FY2023-Q3. 1 of 3 entries say "Advanced", first in FY2024-Q1. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 2 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「Net sales also remained solid at the overseas subsidiary that was made a consolidated subsidiary from an equity-method affiliate in the previous consolidated fiscal year.」
Net sales at the overseas subsidiary that became a consolidated subsidiary in the previous fiscal year remained solid in the cumulative third quarter. - FY2024-Q1AdvancedAnnual report
「Net sales increased at the overseas subsidiary that was made a consolidated subsidiary from an equity-method affiliate in the previous consolidated fiscal year.」
The increase in net sales after the overseas subsidiary became a consolidated subsidiary in the previous fiscal year contributed to the rental-related business in the first quarter of the fiscal year under review. - FY2023-Q3First statedAnnual report
「The main reason for the business combination was that investment restrictions on foreign companies had been eased as Indonesia developed its legal framework. After comprehensively considering the market potential and future prospects of PT.KAPURINDO SENTANA BAJA, the Company acquired an additional interest and made it a consolidated subsidiary.」
The Company acquired an additional 49.99% interest in PT.KAPURINDO SENTANA BAJA on 13 October 2022, increasing its voting interest to 83.33% and making it a consolidated subsidiary.