Making Osaki Engineering a Wholly Owned Subsidiary
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2023-Q2.
No other company in this theme has enough history to compare yet.
- FY2023-Q2DroppedAnnual report
「During the second quarter of the fiscal year, all shares in 大崎エンジニアリング株式会社 held by the Company were sold. As a result, the company was excluded from the scope of consolidation; it had previously been classified under the Manufacturing Equipment Business reporting segment.」
The Company sold all shares of Osaki Engineering, which had remained consolidated after becoming a wholly owned subsidiary, on 30 September 2022, ending its status as a wholly owned subsidiary. - FY2018RestatedAnnual report
「August 2016: Acquired additional shares in Osaki Engineering Co., Ltd. through a tender offer, making the company a wholly owned subsidiary.」
The completion of Osaki Engineering's conversion into a wholly owned subsidiary continues to be confirmed in the corporate history and information on affiliated companies. - FY2017RestatedAnnual report
「The additional shares acquired represented 45.93% of voting rights, and the transaction made Osaki Engineering Co., Ltd. a wholly owned subsidiary of the Company.」
The annual report also confirms that Osaki Engineering became a wholly owned subsidiary through the additional acquisition of 45.93% of voting rights. - FY2017-Q1AchievedAnnual report
「In addition, the Company acquired additional shares through a tender offer in Osaki Engineering Co., Ltd., a consolidated subsidiary engaged in the FPD-related equipment business, which was delisted from the JASDAQ Standard market on 1 August 2016. As a result, it became a wholly owned subsidiary on 4 August 2016. The additional shares acquired represented 45.93% of voting rights, and the transaction made Osaki Engineering Co., Ltd. a wholly owned subsidiary of the Company.」
The additional acquisition through the tender offer was completed, and Osaki Engineering became a wholly owned subsidiary on 4 August 2016. The additional acquisition represented 45.93% of voting rights, and the acquisition cost was ¥1,898 million. - FY2016First statedAnnual report
「By making the target company a wholly owned subsidiary, the Company can actively develop new customers by investing more management resources in the target company, and can fundamentally review its order strategy, including pursuing high-value-added products over the medium to long term despite the risk of a short-term deterioration in earnings. Cost reductions are also expected from integrating management.」
The tender offer ended on 22 June 2016, and 2,167,460 shares were acquired. The ownership ratio increased from 54.07% to 96.02%.