Strengthening its Oceania operations through the acquisition of shares in J Steel Group
First written in FY2017. 7 of 15 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023AchievedAnnual report
「At a meeting of our Board of Directors held on 19 May 2023, we resolved to dissolve the joint venture relationship with our consolidated subsidiary, J Steel Group Pty Limited, and transfer the shares held by us to Bertrams Trading Pty Limited. We reached an agreement on 24 May 2023 and transferred the shares on 7 June 2023.」
All 1,002,000 shares held in J Steel, representing an ownership ratio of 55.67%, were transferred, and J Steel was removed from the scope of consolidation. The Oceania expansion conducted through the joint venture ended, and the relationship changed to one in which J Steel continued as a user. - FY2023-Q3ReframedAnnual report
「On 24 May, we agreed to dissolve the joint venture relationship with J Steel Group Pty Limited (head office: Australia), which had been a consolidated subsidiary. This was a constructive dissolution based on the determination that operating the businesses in accordance with each company’s growth strategy would maximize the corporate value of both companies. After the dissolution of the joint venture, J Steel will continue operating in the Oceania market as a user of our products.」
The company changed from its previous Oceania expansion structure based on the acquisition and conversion of J Steel into a subsidiary to a structure in which the joint venture relationship was dissolved and J Steel continued its relationship with the company as a product user. - FY2022AdvancedAnnual report
「In Australia, our group company J Steel Group Pty Limited commenced the temporary cofferdam construction it had been contracted to perform last October for the Sydney Fish Market redevelopment project and proceeded with the work toward completion in the autumn.」
J Steel commenced temporary cofferdam construction for the Sydney Fish Market redevelopment project and advanced its business in Australia, including design and construction. - FY2022-Q2AdvancedAnnual report
「We are also carrying out press-in construction for the foundation work (temporary cofferdam construction) contracted under the Sydney Fish Market redevelopment project in Australia.」
For the contracted Sydney Fish Market redevelopment project in Australia, press-in construction for the foundation work has commenced. - FY2022-Q1AdvancedAnnual report
「In Australia, we commenced foundation work (temporary cofferdam construction) for which we had received an order under the Sydney Fish Market redevelopment project.」
As part of the Australian business, including J Steel, we commenced the contracted foundation work for the Sydney Fish Market redevelopment project. - FY2021AdvancedAnnual report
「J Steel Group Pty Limited Commonwealth of Australia Sydney Percentage of voting rights held (%) 55.7」
J Steel’s voting interest was updated from 50.1% to 55.7%, strengthening the consolidated foundation for overseas expansion, including Australia. - FY2020AdvancedAnnual report
「J Steel Group Pty Limited, the Australian subsidiary, is shifting away from a business focused primarily on steel materials sales and has already secured a project on a turnkey basis, from design through construction.」
The change in J Steel from a steel trader to an engineering company specializing in the press-in construction method was supported by the addition of a specific track record of receiving full-service orders covering everything from design through construction. - FY2020-Q2ReframedAnnual report
「In our overseas business, we decided to change J Steel Group Pty Limited, our Australian subsidiary, from its previous business model centered on steel trading to an engineering company specializing in the press-in construction method.」
For J Steel, we clearly stated the policy of changing its business from the previous model centered on steel trading to an engineering company specializing in the press-in construction method. - FY2019-Q3AdvancedAnnual report
「To ensure rigorous performance and target management in preparation for our future overseas expansion, our group company J Steel Group Pty Limited (J Steel) changed its fiscal year-end during the third quarter consolidated accounting period to coincide with our fiscal year-end.」
For J Steel, the fiscal year-end was changed to ours to ensure rigorous performance and target management in preparation for overseas expansion. - FY2019-Q2AdvancedAnnual report
「During the second quarter consolidated accounting period, 1 subsidiary newly established by our consolidated subsidiary, J Steel Group Pty Limited, was included in the scope of consolidation.」
1 subsidiary newly established by J Steel was included in the scope of consolidation, adding a new group company to the overseas business structure based in Australia. - FY2018RestatedAnnual report
「We also made J Steel Group Pty Limited (Australia) a subsidiary last December and are building an operating structure to promote global expansion through the packaging of the implant construction method.」
J Steel’s conversion into a subsidiary continues to be positioned as part of the development of the structure for global expansion. - FY2018-Q3RestatedAnnual report
「As we newly acquired shares in J Steel Group Pty Limited during the second quarter consolidated accounting period, the company has been included in the scope of consolidation.」
The acquisition of J Steel and its conversion into a consolidated subsidiary continue to be reflected in the scope of consolidation as a foundation for overseas expansion. - FY2018-Q2RestatedAnnual report
「In addition, to drive our global expansion more forcefully, we acquired 50.1% of the issued shares of Australia-based J Steel Group Pty Limited (hereinafter, “J Steel”), as announced on 13 December 2017, and made it a consolidated subsidiary.」
The acquisition of a 50.1% voting interest in J Steel and its conversion into a consolidated subsidiary continue to be presented as measures to strengthen global expansion. - FY2018-Q1AchievedAnnual report
「At a meeting of our Board of Directors held on 17 November 2017, we resolved to acquire shares in J Steel Group Pty Limited (hereinafter, “J Steel”). We also entered into a share transfer agreement dated 27 November 2017 and completed the share acquisition on 13 December 2017. Business combination date: 13 December 2017 Voting rights acquired: 50.1%」
Following execution of the share transfer agreement, J Steel completed the acquisition of a 50.1% voting interest on 13 December 2017. The company also explained its rationale for using project information, sales networks and procurement capabilities in the South Pacific region, including Australia, to support its global expansion. - FY2017First statedAnnual report
「At a meeting of our Board of Directors held on 17 November 2017, we resolved to acquire shares in J Steel Group Pty Limited (hereinafter, “J Steel”) and entered into a share transfer agreement with J Steel dated 27 November 2017. Business combination date: Early to mid-December 2017 (予定) Voting rights to be acquired: 50.1%」
The resolution to acquire shares and the execution of the agreement after the filing date are disclosed as significant subsequent events. The planned acquisition ratio is 50.1%, and the business combination was scheduled for early to mid-December 2017, but had not been completed as of the filing date.