Sanken Electric (6707) · InitiativeAchieved
Expansion of logistics outsourcing and merger by absorption of the logistics subsidiary
First written in FY2020-Q2. 1 of 2 entries say "Achieved", first in FY2020. Latest entry: FY2020.
2entries
2years
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Efficiency gains through expanded logistics outsourcing and the absorption of a logistics subsidiary through a mergerA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2020AchievedAnnual report
「In April 2020, サンケンロジスティクス株式会社 was merged by absorption.」
The logistics subsidiary was merged by absorption in April 2020 as outsourcing of logistics operations expanded, completing the logistics and asset-efficiency initiative. - FY2020-Q2First statedAnnual report
「To optimise logistics, the Company decided to absorb and merge its logistics subsidiary Sanken Logistics Co., Ltd. effective 1 April 2020, in line with the expansion of outsourced logistics operations. As the real estate leased to the subsidiary would become idle assets, the Company decided to transfer the following assets in order to improve asset efficiency and strengthen its financial position.」
A logistics and asset-efficiency initiative combining expanded outsourcing of logistics operations, the merger by absorption of the logistics subsidiary effective 1 April 2020, and the sale of idle real estate was announced for the first time. The gain on the sale is approximately ¥3.9 billion, and the properties were scheduled to be handed over in late January 2020.