Complementing the Defense Business’s Customer Base and Technology Through the Acquisition of All Shares in 関東航空計器
First written in FY2018-Q1. 6 of 9 entries say "Restated". Latest entry: FY2021.
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- FY2021RestatedAnnual report
「The consolidated subsidiary 関東航空計器㈱ is a specified subsidiary. In addition, its net sales account for more than 10% of consolidated net sales.」
The status of 関東航空計器 as a wholly owned consolidated subsidiary continued, with net sales of ¥3,847 million, ordinary income of ¥88 million and net income of ¥61 million for the fiscal year. - FY2020RestatedAnnual report
「The consolidated subsidiary 関東航空計器㈱ is a specified subsidiary. In addition, its net sales account for more than 10% of consolidated net sales.」
The status of 関東航空計器 as a wholly owned consolidated subsidiary continued, with net sales of ¥4,286 million and ordinary income of ¥146 million for the fiscal year. The expansion of the scope of consolidation following the acquisition had become established. - FY2019RestatedAnnual report
「Although net sales of defense equipment increased because 関東航空計器株式会社, which became a wholly owned subsidiary on 31 August 2017, was included in the consolidated results from the beginning of the fiscal year, operating income was ¥220 million, due to higher expenses associated with this and lower net sales of paper-processing machinery and contract manufacturing, among other factors.」
The acquisition of all shares of 関東航空計器 and its conversion into a subsidiary had been completed, and it was included in the consolidated results from the beginning of the fiscal year. While this contributed to higher net sales of defense equipment, higher expenses were also reported. - FY2019-Q3RestatedAnnual report
「This was mainly due to 関東航空計器株式会社 becoming a consolidated subsidiary as of 31 August 2017.」
The acquisition of all shares of 関東航空計器 and its conversion into a subsidiary had been completed, and the impact of including it in the consolidated results continued to be reported as a major factor behind increases in orders received and net sales of defense equipment. - FY2019-Q2RestatedAnnual report
「This was mainly due to 関東航空計器株式会社 becoming a consolidated subsidiary as of 31 August 2017.」
The acquisition of all shares of 関東航空計器 and its conversion into a subsidiary had been completed, and the impact of including it in the consolidated results was reported as a major factor behind increases in orders received and net sales of defense equipment in the second quarter under review. - FY2019-Q1AdvancedAnnual report
「This was mainly due to 関東航空計器株式会社 becoming a consolidated subsidiary as of 31 August 2017.」
Following the completion of the conversion of 関東航空計器 into a subsidiary, its impact on increases in orders received and net sales in the defense equipment and other businesses was specifically reported. - FY2018-Q3RestatedAnnual report
「As of 31 August 2017, the Company acquired all shares of 関東航空計器株式会社 and made it a consolidated subsidiary.」
The acquisition of all shares of 関東航空計器 and its conversion into a subsidiary had been completed, and the company was also included in the scope of consolidation in the third quarter under review. - FY2018-Q2AchievedAnnual report
「As of 31 August 2017, the Company acquired all shares of 関東航空計器株式会社 and made it a consolidated subsidiary.」
The planned acquisition of all shares of 関東航空計器株式会社 and its conversion into a subsidiary was completed on 31 August 2017. The acquired voting interest was 100%, consideration was ¥452.4 million, and the company has been included in the consolidated results since 1 September 2017. - FY2018-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 9 August 2017, the Company resolved to acquire all shares of 関東航空計器株式会社 and make it a subsidiary, and entered into a share transfer agreement on the same date.」
The Company first disclosed its plan to acquire all shares of 関東航空計器株式会社 and make it a subsidiary. The business combination was scheduled for 31 August 2017, with an acquired voting interest of 100% and cash consideration of ¥452 million. The Company aims to expand its business by complementarily combining its strengths in supplying the Japan Maritime Self-Defense Force and Japan Ground Self-Defense Force and in mechanics with 関東航空計器's delivery record in the aviation and aircraft fields and its electronic technologies, across its customer base, technologies and products.