Expansion of the Sprocket Business through the Absorption of a Partner Factory
First written in FY2022. 3 of 13 entries say "Reframed", first in FY2024. Latest entry: 2026-10-05.
The whole theme swung hardest in 2020: 2 of 18 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2026ReframedAnnual report
「As part of the business restructuring, we discontinued the Sprocket Business Division and consolidated and reorganized certain sales offices.」
Against the backdrop of expanding the sprocket business by making a partner factory a subsidiary, the company discontinued the Sprocket Division and consolidated and reorganized sales offices to optimize management resources under a four-company business alliance. - FY2025-H1AchievedAnnual report
「At a Board of Directors meeting held on 9 May 2024, the company resolved to acquire all shares of 寺田精工株式会社 and make it a wholly owned subsidiary, and entered into a share transfer agreement dated 2 July 2024. Voting rights acquired: 100% The business combination is expected to generate synergies, including the establishment of a system capable of responding promptly to diversifying customer needs, increased production capacity and improved product quality, and the company determined that it would contribute to further enhancement of corporate value.」
The company acquired all shares of 寺田精工株式会社, which operates the sprocket business as a partner factory, and completed its conversion into a wholly owned and consolidated subsidiary. The effects on customer service, production capacity and quality improvement are described as synergies expected by the company, not as benefits already realized. - FY2024ReframedAnnual report
「With respect to sprockets, we will increase revenue and profit by making one of our partner factories a subsidiary.」
The wording changed from a measure involving the absorption of a partner factory to a plan to increase sprocket revenue and profit by making one partner factory a subsidiary. No completed transaction is described. - FY2022First statedAnnual report
「With respect to sprockets, we will increase revenue and profit by absorbing one of our partner factories.」
The company describes, for the first time in specific terms, a measure to absorb one partner factory in order to increase sprocket revenue and profit.