Transfer of the Building Materials Machinery Business and Concentration of Management Resources in Growth Areas
First written in FY2019. 9 of 11 entries say "Restated". Latest entry: FY2024-Q2.
No other company in this theme has enough history to compare yet.
- FY2024-Q2RestatedAnnual report
「The company continues to work on three key items: “Building a foundation for sustainable growth through technological deepening in existing businesses and concentration of management resources in new businesses”; “Increasing production capacity in line with market expansion while improving profitability, competitiveness, and product/service quality”; and “Building a vibrant, strong organization and promoting the digitalization that supports it.”」
The company continues to pursue three key items, including the deepening of technology in existing businesses and the concentration of management resources in new businesses, in the final year of the medium-term management plan. - FY2023RestatedAnnual report
「Having entered the second year of the medium-term management plan, “Challenge to Sustainable Evolution: Strong KITAGAWA Growing Together with Society,” the company aims to capture market developments more flexibly and proactively in line with changes in the business environment and reliably secure profit opportunities, while strengthening a sustainable growth base for the future. It continues to pursue three key items, including “Building a foundation for sustainable growth through technological deepening in existing businesses and concentration of management resources in new businesses.”」
Following the transfer of the Building Materials Machinery Business, the company continues to pursue the deepening of technology in existing businesses and the concentration of management resources in new businesses as its growth strategy. - FY2023-Q1RestatedAnnual report
「The Company continues to pursue 3 priority items: laying the foundation for sustainable growth through technological deepening in existing businesses and the concentration of management resources on new businesses; increasing production capacity in line with market expansion while improving profitability, competitiveness, and product/service quality; and building a vibrant, strong organisation and promoting digitalisation to support it.」
The company continues to pursue the deepening of technology in existing businesses and the concentration of management resources in new businesses as key items in the second year of the plan. - FY2022-Q2RestatedAnnual report
「Building a solid foundation for sustainable growth through technological deepening in existing businesses and concentration of management resources on new businesses」
The company reiterates the deepening of technology in existing businesses and the concentration of management resources in new businesses as key items in its new medium-term management plan. - FY2022-Q1RestatedAnnual report
「Building a solid foundation for sustainable growth through technological deepening in existing businesses and concentration of management resources on new businesses」
Following the transfer of the Building Materials Machinery Business, the company continues to pursue business selection and concentration in growth areas, including the concentration of management resources in new businesses, as a key item in its new medium-term management plan. - FY2021-Q3RestatedAnnual report
「During the first quarter of the fiscal year, all shares of the consolidated subsidiary キタガワエンジニアリング株式会社, which operated the Building Materials Machinery Business, were transferred to the company, and the company and its subsidiary, 株式会社中國機設, were excluded from the scope of consolidation.」
The transfer of shares in the Building Materials Machinery Business and its exclusion from the scope of consolidation are reiterated in the note on impairment losses. - FY2021-Q2RestatedAnnual report
「During the first quarter of the fiscal year, all shares of the consolidated subsidiary キタガワエンジニアリング株式会社, which operated the Building Materials Machinery Business, were transferred to the company, and the company and its subsidiary, 株式会社中國機設, were excluded from the scope of consolidation.」
The transfer of shares in the Building Materials Machinery Business and its exclusion from the scope of consolidation are reiterated in the note on impairment losses. - FY2020-Q3RestatedAnnual report
「In pursuing business selection and concentration and seeking to expand performance over the medium to long term, all shares of the consolidated subsidiary キタガワエンジニアリング株式会社, which operated the Building Materials Machinery Business, were transferred to the company in order to concentrate resources in business areas centered on growth businesses, and the Building Materials Machinery Business was excluded from our Group from the first quarter of the fiscal year.」
The transfer of all shares of the Building Materials Machinery Business and its exclusion from the scope of consolidation are restated as completed measures to concentrate resources on growth businesses. - FY2020-Q2RestatedAnnual report
「In pursuing business selection and concentration and seeking to expand performance over the medium to long term, all shares of the consolidated subsidiary キタガワエンジニアリング株式会社, which operated the Building Materials Machinery Business, were transferred to the company in order to concentrate resources in business areas centered on growth businesses, and the Building Materials Machinery Business was excluded from our Group from the first quarter of the fiscal year.」
The transfer of all shares of the Building Materials Machinery Business and its exclusion from the scope of consolidation are restated as completed measures to concentrate resources on growth businesses. - FY2020-Q1AchievedAnnual report
「All shares of the consolidated subsidiary キタガワエンジニアリング株式会社, which operated the Building Materials Machinery Business, were transferred to the company, and the Building Materials Machinery Business was excluded from our Group from the first quarter of the fiscal year.」
The share transfer dated 30 August 2019 was completed, and the Building Materials Machinery Business and 株式会社中國機設 were excluded from the scope of consolidation. It states that management resources had been concentrated in business areas centered on growth businesses. - FY2019First statedAnnual report
「We concluded that, in order to pursue business selection and concentration and expand performance over the medium to long term, transferring the shares of the company and concentrating management resources in business areas centered on growth businesses would contribute to the growth of our Group and greater management efficiency. To invest the transfer proceeds in growth areas such as the CFRP (carbon fiber) business, we decided to enter into a share transfer agreement with the company under which it would acquire the shares held by us as treasury shares.」
On 30 August 2019, shares representing a 48.0% ownership interest in キタガワエンジニアリング were transferred, and the Building Materials Machinery Business and the sub-subsidiary were excluded from the scope of consolidation. The transfer price was ¥400.003 million, and the company stated its policy of investing the proceeds in growth areas such as the CFRP-related business.