Making an Architecture and Renovation Company a Wholly Owned Subsidiary
First written in FY2021-Q1. 4 of 7 entries say "Restated". Latest entry: FY2023.
11 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「株式会社ハートフルホーム Kiyota-ku, Sapporo, Hokkaido Architectural and remodeling business 100」
ハートフルホーム continues its architectural and remodeling business as a consolidated subsidiary 100% owned by the Company. - FY2022WorsenedAnnual report
「At Heartful Home Co., Ltd., the company reviewed its future plans in light of the prolonged impact of COVID-19, soaring material prices and other deterioration in the external environment. As the resulting delay in the originally expected earnings plan became likely, the company recorded an impairment loss of ¥275 million on goodwill related to the company as an extraordinary loss during the consolidated fiscal year.」
Following the acquisition of ハートフルホーム as a wholly owned subsidiary, delays in the earnings plan were expected due to the prolonged infectious disease pandemic and soaring material prices, and the Company recorded an impairment loss of ¥275 million on goodwill. - FY2022-Q3RestatedAnnual report
「Net sales for the cumulative third-quarter period were ¥10,705 million, down ¥116 million, or 1.1%, year on year. Although net sales from 株式会社ハートフルホーム, which was acquired as a subsidiary on 1 July of the previous year, contributed to sales, the impact of the infectious disease was substantial.」
The Company disclosed that ハートフルホーム's revenue contributed to the consolidated results and continues to consolidate its business following the acquisition of the company as a wholly owned subsidiary. - FY2021RestatedAnnual report
「Main reason for the business combination Expansion of service offerings and sales areas Business combination date 1 July 2020 Voting interest acquired 100%」
The Company made ハートフルホーム a wholly owned subsidiary to expand its service offerings and sales areas and has included it in the consolidated results for the fiscal year. - FY2021-Q3RestatedAnnual report
「To further advance the expansion of its service offerings and sales areas, which form part of its growth strategy, the Company acquired all shares of Heartful Home Co., Ltd. on 1 July 2020, making it a wholly owned subsidiary.」
The Company continues to disclose making ハートフルホーム a wholly owned subsidiary as a growth strategy initiative. The acquisition and consolidation of the subsidiary itself were completed in the previous quarter. - FY2021-Q2AdvancedAnnual report
「To further advance the expansion of its service offerings and sales areas, which form part of its growth strategy, the Company acquired all shares of Heartful Home Co., Ltd. on 1 July 2020, making it a wholly owned subsidiary.」
The Company completed the acquisition disclosed in the previous quarter and included ハートフルホーム in its results as a consolidated subsidiary from the second-quarter consolidated accounting period. This was the first quarterly consolidated disclosure following the acquisition of the architectural and remodeling business. - FY2021-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 19 May 2020, the Company resolved to acquire the shares of Heartful Home Co., Ltd. and make it a wholly owned subsidiary, and entered into a share transfer agreement on the same date. Pursuant to the agreement, the Company acquired all shares on 1 July 2020.」
As a significant subsequent event, the Company made 株式会社ハートフルホーム, which operates an architectural and remodeling business, a wholly owned subsidiary effective 1 July 2020. The main reasons were to expand its service offerings and sales areas. The acquisition cost was ¥669.999 million in cash, and the planned voting interest to be acquired was 100%.