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Raiznext (6379) · InitiativeRestated

Business integration with JXエンジニアリング株式会社

First written in FY2019-Q2. 2 of 6 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2020.

6entries
3years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2019-Q2AdvancedFY2019-Q3 – FY2020-Q2RestatedFY2020-Q3 – FY20202018: 120182019: 320192020: 22020
Same theme, other companies
Business Integration of JXエンジニアリング and 新興プランテックA theme 2 companies write about · 0 as a headwind · 2 as a tailwind

0 other companies' latest entry also says "Restated".

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Full recordFilings, disclosures and news, newest first
  1. FY2020RestatedAnnual report

    「The Company regards the 2-year period from the fiscal year ended March 2020 through the fiscal year ended March 2021 as an integration period for generating synergies. By steadily executing each plan, it will further consolidate its position as Japan's leading plant-maintenance company with advanced engineering capabilities and work to enhance corporate value and stakeholder value.」

    Even after completion of the merger, the Company continues to position fiscal 2019–2020 as the integration period for generating synergies and to pursue the realisation of integration benefits.
  2. FY2020-Q3RestatedAnnual report

    「The purpose is to combine the characteristics of the Company and JXエンジニアリング and make effective use of their respective resources in order to capture new demand for diversified production facilities and expand the scale of each business at the company formed through the business integration.」

    The Company reiterated its policy of combining the characteristics and resources of both companies, capturing new demand for diversified production facilities, and expanding the scale of each business as the objectives of the business integration.
  3. FY2020-Q2AdvancedAnnual report

    「新興プランテック株式会社 and JXエンジニアリング株式会社 completed their business integration on 1 July, commencing operations as RAIZNEXT Corporation. The cumulative consolidated period through the second quarter of the current fiscal year was the first reporting period following the business integration.」

    Following completion of the absorption-type merger on 1 July 2019, the Company issued its first financial results after the business integration. It also explained that the purpose of the integration was to combine the characteristics and resources of both companies, capture new demand for diversified production facilities, and expand the scale of each business.
  4. FY2020-Q1AchievedAnnual report

    「The agreement was approved at the Company's extraordinary general meeting of shareholders held on 17 April 2019. The merger was completed on 1 July of the same year, and the Company changed its corporate name to RAIZNEXT Corporation.」

    The absorption-type merger with JXエンジニアリング株式会社 was completed on 1 July 2019, and the Company commenced operations as RAIZNEXT Corporation. The Company stated that it would pursue early integration to realise synergies.
  5. FY2019-Q3AdvancedAnnual report

    「On 20 December 2018, the Company entered into an integration agreement with JXTGホールディングス株式会社 (hereinafter, “JXTGHD”) and its subsidiary JXエンジニアリング株式会社 (hereinafter, “JXエンジニアリング”) for an absorption-type merger in which the Company would be the surviving company and JXエンジニアリング would be the absorbed company.」

    Following the basic agreement signed in the second quarter, the Company entered into an integration agreement for an absorption-type merger with JXエンジニアリング on 20 December 2018. The effective date was 1 July 2019, the Company became the surviving company, the merger ratio was 9.2 of the Company's common shares for each 1 common share of JXエンジニアリング, and 7,941,072 shares were scheduled to be issued.
  6. FY2019-Q2First statedAnnual report

    「On 28 September 2018, the Company entered into a basic agreement with JXTGホールディングス株式会社 and its subsidiary JXエンジニアリング株式会社 to pursue the business integration of the Company and JXエンジニアリング株式会社, with 1 April 2019 targeted as the effective date.」

    The Company entered into a basic agreement with JXTGホールディングス and JXエンジニアリング to pursue a business integration targeted to take effect on 1 April 2019.
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Business integration with JXエンジニアリング株式会社 | RAIZNEXT Corporation (6379) | Komori