Improving intra-group transactions and management efficiency through the absorption merger of シブヤマシナリー株式会社
First written in FY2021-Q2. 2 of 5 entries say "Cited as achieved", first in FY2022-Q3. Latest entry: FY2022.
17 other companies' latest entry also says "Cited as achieved".
- FY2022Cited as achievedAnnual report
「At a meeting of the Board of Directors held on 10 February 2021, the company resolved to absorb-merge its wholly owned subsidiary シブヤマシナリー㈱ and entered into a merger agreement on the same date. The absorption-type merger was carried out effective 1 July 2021.」
The company reconfirms in the notes on business combinations and elsewhere that the absorption-type merger of シブヤマシナリー株式会社 was carried out effective 1 July 2021. - FY2022-Q3Cited as achievedAnnual report
「During the first quarter of the consolidated fiscal year, シブヤマシナリー株式会社, formerly a consolidated subsidiary, ceased to exist as a result of the company's absorption-type merger and was therefore excluded from the scope of consolidation.」
The company reconfirms as an actual result that シブヤマシナリー株式会社 ceased to exist during the first quarter following the absorption-type merger effective 1 July 2021 and was excluded from the scope of consolidation. - FY2021AchievedAnnual report
「At a meeting of the Board of Directors held on 10 February 2021, the company resolved to absorb-merge its wholly owned subsidiary シブヤマシナリー㈱ and entered into a merger agreement on the same date. The absorption-type merger was carried out effective 1 July 2021.」
The company explicitly states that the absorption-type merger of シブヤマシナリー株式会社 was carried out effective 1 July 2021. - FY2021-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 10 February 2021, the company resolved to absorb-merge its wholly owned subsidiary シブヤマシナリー株式会社 effective 1 July 2021 and entered into a merger agreement on the same date.」
The company reiterates its plan to absorb-merge シブヤマシナリー株式会社 effective 1 July 2021 and the execution of the merger agreement dated 10 February 2021. It also continues to state the purpose of eliminating duplication in intercompany transactions and management and improving operating efficiency, against the backdrop of sales dependence exceeding 70%. - FY2021-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 10 February 2021, the company resolved to absorb-merge its wholly owned subsidiary シブヤマシナリー株式会社. “Business combination date: 1 July 2021 (scheduled).” シブヤマシナリー株式会社 had operated as a company responsible for the manufacture and sale of packaging plant products and FA engineering products ordered directly from customers or through the company. Since its dependence on sales to the company exceeded 70%, the company determined that it was essential to improve operating efficiency by eliminating adjustments to intercompany transactions and duplication in management, and decided to absorb-merge the subsidiary.」
The company resolved to absorb-merge its wholly owned subsidiary シブヤマシナリー株式会社 effective 1 July 2021. In view of its sales dependence exceeding 70%, the purpose was to improve operating efficiency by adjusting intercompany transactions and eliminating duplication in management.