Expanding overseas markets through M&A
First written in FY2016. 3 of 7 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2024.
Lixil moved to the "Worse" side of this theme in 2024.
The whole theme swung hardest in 2021: 2 of 24 companies on the "Worse" side.
1 other company's latest entry also says "Softened".
- FY2024SoftenedAnnual report
「As we are currently in a phase of building the foundation for future growth through innovation, we are not considering large-scale M&A or capital investment.」
Regarding large-scale acquisitions, the company has reaffirmed its previous policy that they are unnecessary for the time being, stating that it is not currently considering large-scale M&A as part of its capital allocation policy. - FY2023-Q3AdvancedAnnual report
「The main breakdown of the assets and liabilities at the time control was obtained, and the consideration paid and other details, in respect of BASCO MANUFACTURING COMPANY and its subsidiaries, which became newly consolidated subsidiaries through the acquisition of shares, is as follows.」
BASCO MANUFACTURING COMPANY and its subsidiaries became newly consolidated subsidiaries through the acquisition of their shares. Cash outflows for the acquisition of subsidiaries amounted to ¥15,173 million. - FY2021SoftenedAnnual report
「Although we do not completely rule out the possibility, we believe that large-scale acquisitions such as those we have made in the past are basically unnecessary for the time being.」
The company has indicated that large-scale acquisitions as a means of overseas expansion and growth are basically unnecessary for the time being. - FY2017RestatedAnnual report
「The LIXIL Group is actively expanding overseas to achieve its management goal of “becoming a global leader in the housing and living industry.”」
The company continues to pursue acquisitions and the conversion of entities into subsidiaries as means of expanding overseas. - FY2017-Q2AdvancedAnnual report
「LIXIL Corporation entered into a share transfer agreement on 30 September 2016 and acquired all shares held by DBJ on the same date. As a result, GraceA, its wholly owned subsidiary GraceB S.à r.l., and its subsidiary GROHE Group S.à r.l. became wholly owned subsidiaries of LIXIL Corporation on the same date.」
The conversion of GraceA and other entities into wholly owned subsidiaries, pursued as part of the overseas expansion strategy, was completed on 30 September 2016, marking concrete progress in the M&A initiative. - FY2017-Q1AdvancedAnnual report
「We decided to exercise the call option with the aim of maximizing enterprise value by making the company a wholly owned subsidiary, thereby strengthening governance, speeding up decision-making and accelerating the realization of synergies, as well as for the economic rationale of reducing finance costs.」
The company decided to exercise the call option over DBJ's shares in GraceA and formulated a specific plan to make GROHE and the other relevant entities wholly owned subsidiaries, with a 100% voting ownership interest. The conversion to wholly owned subsidiaries was scheduled for 30 September 2016. - FY2016First statedAnnual report
「For our Group, which has a broad business portfolio, significant growth opportunities are expected as we expand initiatives targeting Japan's housing stock market domestically and expand our overseas markets through M&A and other means.」
M&A is described as a specific means of expanding overseas markets.