Expansion of Sales Channels and Enhancement of Corporate Value by Making 中国山科サービス株式会社 a Subsidiary
First written in FY2022-Q3. 2 of 4 entries say "Restated". Latest entry: FY2024.
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- FY2024RestatedAnnual report
「In the current fiscal year, “payments for the acquisition of shares in subsidiaries resulting in a change in the scope of consolidation” represented payments for the acquisition of shares in 中国山科サービス株式会社, which became a newly consolidated subsidiary through the acquisition of shares in the previous fiscal year.」
The company reconfirmed that the acquisition of 中国山科サービス株式会社 as a subsidiary had been reflected in the scope of consolidation and acquisition-related cash flows. - FY2023-Q2RestatedAnnual report
「In the current fiscal year, “payments for the acquisition of shares in subsidiaries resulting in a change in the scope of consolidation” represented payments for the acquisition of shares in 中国山科サービス株式会社, which became a newly consolidated subsidiary through the acquisition of shares in the previous fiscal year.」
The company disclosed payments of ¥153.700 million for the acquisition of shares in connection with making 中国山科サービス株式会社 a subsidiary and reconfirmed that the subsidiary had been included in the scope of consolidation. - FY2022AchievedAnnual report
「Date of business combination 31 March 2022 Voting rights acquired Voting rights held immediately before the business combination 5% Voting rights additionally acquired on the date of the business combination 95% Voting rights after acquisition 100%」
The additional acquisition of shares in 中国山科サービス株式会社 and its conversion into a subsidiary were completed on 31 March 2022, bringing the voting rights ratio to 100%. The initiative aimed at business synergies, including expansion of sales channels, was realized. - FY2022-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 25 January 2022, the company resolved to acquire shares of 中国山科サービス株式会社 and make it a subsidiary, and entered into a share transfer agreement on the same date. With 中国山科サービス株式会社 joining the group, the company expects substantial business synergies, including expansion of sales channels by leveraging the business expertise it has developed, and believes this will contribute to enhancing the group’s corporate value beyond its actual scale. Date of business combination 31 March 2022 (scheduled) Voting rights after acquisition 100% Acquisition cost ¥193.700 million」
The company resolved to acquire shares of 中国山科サービス株式会社 and make it a subsidiary, and entered into a share transfer agreement. The business combination was scheduled for 31 March 2022, with voting rights of 100% after the acquisition and an acquisition cost of ¥193.700 million. The stated rationale was business synergies, including expansion of sales channels by leveraging procurement and sales expertise, and enhancement of corporate value.