Expansion of the FRP and maintenance and management businesses through making 株式会社東総 a wholly owned subsidiary
First written in FY2024. 1 of 3 entries say "Achieved", first in FY2025-H1. Latest entry: FY2026-H1.
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- FY2026-H1AdvancedAnnual report
「In connection with the finalization of this provisional accounting treatment, the initial allocation of the acquisition cost was revised. Goodwill provisionally calculated at ¥1,353 million decreased by ¥515 million upon finalization of the accounting treatment, to ¥838 million.」
The provisional purchase price allocation for the business combination with 株式会社東総 was finalized, and the recorded goodwill was revised from ¥1,353 million to ¥838 million. In addition, 株式会社東総 changed its corporate name to MKK東北株式会社 on 1 April 2025. - FY2025-H1AchievedAnnual report
「The acquisition of the shares was completed on 28 June 2024.」
The Company completed the acquisition of all shares of 株式会社東総 and made it a consolidated subsidiary. The acquisition consideration was ¥2,504 million, the post-acquisition voting rights ratio was 100%, and its results have been consolidated since 1 July 2024. The Company brought in its maintenance businesses for FRP products, exhaust-gas and deodorization equipment, and sewage treatment facilities. - FY2024First statedAnnual report
「At a Board of Directors meeting held on 31 May 2024, the Company resolved to acquire all shares of 株式会社東総 (the “Target”) and make it a subsidiary, and on the same date entered into a share transfer agreement for the acquisition with Mitsubishi Materials Techno Corporation. The Company plans to acquire all shares on 28 June 2024.」
The Company announced plans to acquire all shares of 株式会社東総 for ¥2,504 million and bring in its maintenance businesses for FRP products, exhaust-gas and deodorization equipment, and sewage treatment facilities. The Company anticipates synergies with existing businesses, equipment development in strategic business areas and the generation of stable revenue.