Strengthening the European Sales Platform through an Alliance with EPSITEC
First written in FY2022. 1 of 3 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2023-Q2.
10 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「From the first quarter of the current consolidated fiscal year, following the acquisition of an equity interest in EPSITEC S.R.L. (renamed CKD ITALIA S.R.L. effective 5 July 2022), the company has included it in the scope of consolidation. EPSITEC S.R.L.’s reporting segment is the equipment segment.」
The company reconfirmed in the second quarter that EPSITEC S.R.L. was included in the scope of consolidation of the equipment segment following the acquisition of an equity interest. - FY2023-Q1AdvancedAnnual report
「From the first quarter of the current consolidated fiscal year, following the acquisition of an equity interest in EPSITEC S.R.L. (renamed CKD ITALIA S.R.L. effective 5 July 2022), the company has included it in the scope of consolidation.」
The company acquired an additional equity interest in EPSITEC S.R.L., previously an equity-method affiliate, and made it a consolidated subsidiary. It was renamed CKD ITALIA S.R.L. effective 5 July 2022. - FY2022First statedAnnual report
「Under the alliance, to expand sales in Europe, the company acquired all shares of the Italian sales company EPSITEC and made it a subsidiary. It also promoted globalization by advancing capital investment essential for medium- to long-term growth and strengthening its businesses.」
The company disclosed for the first time its capital relationship and alliance with EPSITEC as a management-strategy achievement aimed at expanding sales in Europe. In the status of affiliated companies, it disclosed EPSITEC S.R.L. as an equity-method affiliate, with an ownership interest carrying 39.0% of the voting rights.