Cooperation in Procurement, Technology, Production, Sales and Services through a Capital and Business Alliance with KITZ
First written in FY2016. 6 of 9 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AdvancedAnnual report
「SEIKA CORPORATION 3,599,498 35.3」
Following the capital alliance with SEIKA CORPORATION, sales to SEIKA CORPORATION were ¥3,599 million, accounting for 35.3% of consolidated revenue, up from 28.8% the previous year. Sales cooperation took further shape as a major sales channel. - FY2024AdvancedAnnual report
「SEIKA CORPORATION 3,232,537 28.8」
Following the capital alliance with SEIKA CORPORATION, sales to SEIKA CORPORATION were ¥3,232 million, accounting for 28.8% of consolidated revenue. Sales cooperation under the capital alliance took shape as a major sales channel. - FY2023-Q3AdvancedAnnual report
「On 13 March 2023, the Company entered into a capital alliance agreement with SEIKA CORPORATION. In connection with the agreement, the transfer of shares from an existing shareholder to SEIKA CORPORATION made the Company an equity-method affiliate of SEIKA CORPORATION.」
After the capital alliance counterparty changed from KITZ CORPORATION to SEIKA CORPORATION, the Company became an equity-method affiliate of SEIKA CORPORATION through the transfer of shares from an existing shareholder. The alliance advanced to the stage of making the Company an equity-method affiliate. - FY2023-Q2ReframedAnnual report
「At a meeting of the Board of Directors held on 13 March 2023, the Company resolved to enter into a capital alliance agreement with SEIKA CORPORATION and entered into the agreement on the same day. In connection with this, on 15 March 2023, all of the Company's shares held by KITZ CORPORATION, previously a major shareholder of the Company, were transferred to SEIKA CORPORATION, which became a major shareholder of the Company.」
All 302,200 shares of the Company held by KITZ CORPORATION were transferred to SEIKA CORPORATION, and the counterparty to the capital and business alliance changed from KITZ CORPORATION to SEIKA CORPORATION. The framework was reorganised into an alliance aimed at expanding sales through the sale of valve products and valve components via SEIKA CORPORATION. - FY2019AdvancedAnnual report
「The purpose of holding the shares and the reason for the increase in the number of shares held are that KITZ CORPORATION and the Company entered into a capital and business alliance agreement aimed at enhancing the corporate value of both companies' valve businesses, and the shares were newly acquired to maintain and strengthen the ongoing business relationship through the business alliance and sales collaboration.」
The Company newly acquired shares in KITZ CORPORATION, bringing its holdings to 436,000 shares and their balance-sheet carrying amount to ¥313 million. The alliance advanced to a stage of being pursued on a stronger footing. - FY2019-Q2AdvancedAnnual report
「During the cumulative second quarter consolidated period, the Company launched the TAMES (ToA Management Evolving System) project, under the guidance of KITZ CORPORATION, with which it has a capital and business alliance agreement, to improve management efficiency across the Company.」
Under the capital and business alliance with KITZ CORPORATION, the Company launched a project to improve management efficiency across the Company under KITZ CORPORATION's guidance, advancing the use of the alliance to a new implementation stage. - FY2019-Q1AdvancedAnnual report
「The ¥193 million increase in investment securities was mainly due to the acquisition of shares in KITZ CORPORATION in order to pursue the capital and business alliance entered into in February 2016 on a stronger footing.」
The Company acquired shares in KITZ CORPORATION in order to pursue the capital and business alliance on a stronger footing. Investment securities increased by ¥193 million. - FY2017RestatedAnnual report
「We believe that many of these issues may be addressed through the business alliance entered into with KITZ CORPORATION in the previous fiscal year. While continuing our existing sales initiatives, we will cooperate to advance them more quickly, broadly and steadily.」
The Company reconfirmed its policy of continuing procurement, technology, production, sales and service cooperation with KITZ CORPORATION as a means of developing overseas markets and strengthening its cost competitiveness, sales capabilities and procurement capabilities. - FY2016First statedAnnual report
「① Procurement cooperation: cooperate in procuring materials by leveraging each other's domestic and overseas suppliers. ② Technology cooperation: provide each other with technical information and, where necessary, conduct joint development. ③ Production cooperation: use each other's production facilities to establish optimal production methods for products sold by either party and jointly developed products. ④ Sales cooperation: sell each other's products and jointly developed products through optimal means in the oil and gas and electric power sectors. ⑤ Service cooperation: leverage each other's maintenance capabilities to establish an optimal service structure.」
On 12 February 2016, the parties entered into a capital and business alliance, and KITZ CORPORATION acquired 302,200 shares, equivalent to 11.28% of the shares outstanding. The Company also reported initial results, including cost reductions achieved through the procurement of key components for safety valves supplied to China.