Product differentiation and new business development through the acquisition of 西武電機株式会社 as a wholly owned subsidiary
First written in FY2021. 2 of 4 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2022-Q3.
No other company in this theme has enough history to compare yet.
- FY2022-Q3AdvancedAnnual report
「平岩産業株式会社, formerly a consolidated subsidiary, ceased to exist as a result of an absorption-type merger with 西武電機株式会社 as the surviving company and has therefore been excluded from the scope of consolidation from the third quarter.」
平岩産業, formerly a wholly owned subsidiary of 西武電機, ceased to exist through an absorption-type merger with 西武電機 and was excluded from the scope of consolidation. - FY2022-Q2RestatedAnnual report
「西武電機株式会社, whose shares were acquired in the first quarter, and its wholly owned subsidiary 平岩産業株式会社 have been included in the scope of consolidation.」
The process of including 西武電機 and 平岩産業 in the scope of consolidation is continuing. No new acquisition or additional business milestone is disclosed. - FY2022-Q1AdvancedAnnual report
「From the first quarter of the current fiscal year, 西武電機株式会社 and its wholly owned subsidiary, 平岩産業株式会社, have been included in the scope of consolidation because the Company acquired all shares of 西武電機株式会社 on 10 June 2021. As the deemed acquisition date is the end of the first quarter, only the balance sheet has been consolidated for the first quarter.」
西武電機 and its wholly owned subsidiary 平岩産業 were included in the scope of consolidation, and post-acquisition consolidation procedures began. The voting interest acquired in 西武電機 was 100%, at an acquisition cost of ¥283 million. - FY2021First statedAnnual report
「At a meeting of the Board of Directors held on 24 May 2021, the Company resolved to acquire the shares of 西武電機株式会社 and make it a subsidiary, entered into a share transfer agreement on the same date, and acquired the shares on 10 June 2021.」
On 10 June 2021, the Company made 西武電機, an electrical and electronic equipment design and development company, a subsidiary with 100% voting rights, and disclosed for the first time measures to use its technological strengths for product differentiation and new business development, at an acquisition cost of ¥283 million.