Expansion of the repair service network and market coverage through the acquisition of a North American business
First written in FY2023-Q3. 4 of 7 entries say "Advanced", first in FY2023. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026Slight increase in combined North American sales despite decline at acquired businessAnnual report
「In North America, the impact of inventory adjustments by rental companies at sales subsidiary Okada America, Inc. gradually eased, while declining sales of commercial products to end users at Okada Midwest, Inc., which completed management integration in December 2022, weighed on results. Combined North American revenue nevertheless increased 0.5% year on year to ¥4,237.765 million.」
Although the decline in Okada Midwest’s sales continued, the impact of inventory adjustments at Okada America eased, resulting in a slight increase in combined North American revenue. - FY2026-H1Decline in sales at the acquired businessAnnual report
「Sales of commercial products at Okada Midwest, Inc., which completed management integration in December 2022, declined, resulting in revenue of ¥2,107.467 million, down 11.1% year on year.」
Following management integration with Okada Midwest, the decline in its commercial product sales is cited as a factor behind the 11.1% year-on-year decline in North American revenue. - FY2024AdvancedAnnual report
「Overseas segment revenue was ¥6,846.454 million, up 42.6% year on year. In North America, the main region, sales at Okada America, Inc. continued to perform steadily, and revenue from Okada Midwest, Inc., which was integrated into the management structure at the end of the previous year, contributed to revenue of ¥4,817.785 million, up 63.0% year on year.」
Following management integration with Okada Midwest, its sales contributed to the North American business, and North American revenue increased 63.0% year on year. - FY2024-Q3AdvancedAnnual report
「As economic activity progressed steadily in North America, the company’s core region, sales at subsidiary Okada America, Inc. remained firm, while sales at Okada Midwest, Inc., with which management integration was completed at the end of last year, also contributed. As a result, revenue reached ¥3,921.225 million, up 81.3% year on year.」
Following management integration with Okada Midwest, its sales contributed to the North American business, and North American revenue increased 81.3% year on year. - FY2024-Q1AdvancedAnnual report
「In North America, our main region, economic activity continued to progress steadily. Although revenue at subsidiary Okada America, Inc. declined due in part to delivery-schedule delays, sales at Okada Midwest, Inc., which was integrated into the management structure at the end of last year, contributed to revenue of ¥1,210.203 million, up 71.7% year on year.」
The integration of Okada Midwest’s management following the acquisition of the North American business was completed, and the company’s sales contributed to growth in the North American business. - FY2023AdvancedAnnual report
「North America accounts for approximately 60% of overseas sales, making it the most important region. The company determined that the acquisition of this business was expected to generate synergies in expanding its North American operations, including: strengthening repair service capabilities in North America; and acquiring market coverage among end users, mainly in the Chicago area.」
The acquisition of the North American business was positioned as a means of strengthening repair service capabilities and acquiring market coverage among end users in the Chicago area. - FY2023-Q3First statedAnnual report
「As the recipient of the business transfer, the company established the new entity Okada Midwest, Inc. (Illinois, USA, a wholly owned subsidiary of Okada America, Inc.) and acquired businesses from 3 companies effective 22 December 2022 (US local time).」
Okada Midwest, Inc. was established as a wholly owned subsidiary of Okada America, Inc., and acquired the construction equipment sales, repair and leasing businesses of 3 U.S. companies for US$12.5 million. The stated objectives were to strengthen repair service capabilities in North America, acquire market coverage among end users mainly in the Chicago area, and generate synergies by complementing the strengths of both sides.