Diversification of production, BCP, and synergies from making 山添製作所 a subsidiary
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2020-Q3.
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- FY2020-Q3RestatedAnnual report
「Under these circumstances, the Group is promoting a global structure and seeking to improve its quality, operational responsiveness and production technology capabilities, while continuing to develop and propose attractive products that meet society's needs. From the first quarter of the fiscal year, it also made 山添製作所 a subsidiary in order to expand its sales and development capabilities.」
The company continued to disclose the conversion of 山添製作所 into a subsidiary and its consolidation, reconfirming its policy of strengthening sales and development capabilities. The business combination date of 30 June 2019 and a ¥91 million gain on bargain purchase were also disclosed. - FY2020-Q2RestatedAnnual report
「Under these circumstances, the Group is promoting a global structure and seeking to improve its quality, operational responsiveness and production technology capabilities, while continuing to develop and propose attractive products that meet society's needs. From the first quarter of the fiscal year, it also made 山添製作所 a subsidiary in order to expand its sales and development capabilities.」
The policy of making 山添製作所 a subsidiary from the first-quarter consolidated accounting period and strengthening sales and development capabilities was reconfirmed. The business combination date was 30 June 2019, and a gain on bargain purchase of ¥91,735 thousand was recorded. - FY2020-Q1AdvancedAnnual report
「Beginning with the current first-quarter consolidated accounting period, 山添製作所 has been included in the scope of consolidation following the acquisition of all its shares and its conversion into a subsidiary.」
All shares of 山添製作所 were acquired and the company was made a subsidiary, and it was included in the scope of consolidation from the first quarter. The post-acquisition voting rights ratio was 100%, the acquisition cost was ¥500,000 thousand, and the business combination date was 30 June 2019. The reasons for the acquisition, including production-site diversification, BCP, lower logistics costs, and synergies in sales and development, were reiterated. - FY2019First statedAnnual report
「Making the company, a screw manufacturer whose main business, like ours, is automotive parts, a subsidiary will enable us to split production sites that had been concentrated at our head office plant in Yamashina-ku, Kyoto. This will also be effective from a BCP perspective, while producing goods for customers in eastern Japan is expected to reduce logistics costs. Because it operates in the same industry, future management improvements will also be easier to pursue, and synergies are expected not only in manufacturing but also in sales and development.」
The acquisition of all shares of 山添製作所 and its conversion into a subsidiary was newly planned and carried out. The voting rights ratio after the acquisition was 100%, and the acquisition cost was ¥500 million. The text states that it became a subsidiary on 25 April 2019, while the significant subsequent events section states that the business combination date was scheduled for 30 June 2019.