Comprehensive Solutions for the Amusement Gaming Industry Through a Capital and Business Alliance with SUNTAC
First written in FY2021-Q1. 2 of 4 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021ReframedAnnual report
「At a meeting of the company's Board of Directors held on 24 June 2021, the company resolved to transfer all shares it held in its consolidated subsidiary 株式会社SUNTAC to SUNTAC's representative director and president, and transferred all the shares on the same date. Upon completion of the agreement, SUNTAC was excluded from the company's consolidated subsidiaries.」
The company ended its capital relationship with SUNTAC and changed from a comprehensive proposal plan based on SUNTAC being a wholly owned subsidiary to cooperation in areas where collaboration is possible while maintaining an amicable relationship. - FY2021-Q3AdvancedAnnual report
「As the company visited customers with 株式会社SUNTAC, both companies jointly verified their business synergies in the field and became convinced that enterprise value would increase. Accordingly, the company acquired the remaining 14% interest on 18 December 2020, making 株式会社SUNTAC a wholly owned consolidated subsidiary. Going forward, the company group will extend credit to 株式会社SUNTAC customers and sell peripheral equipment for gaming machines and other products, identify their needs through the company's extensive on-site customer contact network, and make comprehensive proposals to management backed by the group’s lending, real estate and M&A capabilities.」
Following the acquisition of 36% and 50% interests in SUNTAC, the company acquired the remaining 14% on 18 December 2020, making SUNTAC a consolidated subsidiary with a 100% voting interest. It will continue to offer comprehensive proposals combining equipment sales with credit extension and its lending, real estate and M&A capabilities. - FY2021-Q2AdvancedAnnual report
「After acquiring the interest, the company visited customers with SUNTAC and jointly verified the business synergies between the two companies in the field. As both companies became convinced that this would increase enterprise value, the company exercised the rights, acquired the remaining 50% interest, bringing its ownership to 86%, and made SUNTAC a consolidated subsidiary. Going forward, the company will extend credit to SUNTAC customers and sell peripheral equipment for gaming machines and other products, identify their needs through SUNTAC's extensive on-site customer contact network, and make comprehensive proposals to management backed by the company's lending, real estate and M&A capabilities.」
The company acquired an additional 50% interest in SUNTAC after its initial 36% acquisition, making SUNTAC an 86%-owned consolidated subsidiary on 15 October 2020. It will continue to make sales to customers with credit extended by the company and offer comprehensive proposals combining lending, real estate and M&A. - FY2021-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 1 July 2020, we resolved to enter into a capital and business alliance agreement with SUNTAC Co., Ltd. (hereinafter “SUNTAC”), and entered into the agreement on the same day. We also acquired shares of SUNTAC on the same day. Purchase price for the shares: ¥36 million; number of shares acquired: 3,600 (voting rights ratio: 36%). We have the right to acquire an additional 5,000 shares during the period from 1 October 2020 to 31 December 2020. We will sell peripheral equipment and other products for amusement machines to SUNTAC customers by extending credit. We will identify needs through SUNTAC's broad network of field contacts (1,230 stores) and make comprehensive proposals to management, backed by our lending, real estate and M&A capabilities (top-down sales), following a bottom-up sales approach.」
On 1 July 2020, the company entered into a capital and business alliance agreement with SUNTAC and acquired 3,600 shares for ¥36 million, representing a 36% voting interest. The specific capital and business alliance initiatives included an option for additional acquisitions, sales of peripheral equipment for gaming machines with credit extended by the company, and comprehensive proposals leveraging 1,230 on-site customer contact points.