Sansha Electric Manufacturing (6882) · InitiativeAchieved
Stable supply of core materials and transformer business synergies through the acquisition of Osaka Denso Kogyo
First written in FY2022-Q3. 1 of 2 entries say "Achieved", first in FY2022. Latest entry: FY2022.
2entries
1years
0from disclosures
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Stabilizing transformer component supplies and joint procurement through the acquisition of Osaka Denso Kogyo as a subsidiaryA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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Full recordFilings, disclosures and news, newest first
- FY2022AchievedAnnual report
「As all shares of Osaka Denso Kogyo Co., Ltd. were acquired during the fiscal year under review, the company has been included in the scope of consolidation.」
The acquisition of 100% of Osaka Denso Kogyo Co., Ltd. and its conversion into a subsidiary was completed, and its results from 1 November 2021 to 31 March 2022 were included in the consolidated results. - FY2022-Q3First statedAnnual report
「Osaka Denso Kogyo Co., Ltd. is a core materials supplier for our power equipment business. To overcome the absence of a successor and ensure a continued stable supply of materials, we will acquire its shares and make it a subsidiary.」
The company resolved to acquire the shares of Osaka Denso Kogyo Co., Ltd. on 27 October 2021 and made it a wholly owned subsidiary on 1 November. The initiative was first presented as a measure aimed at ensuring a stable supply of core materials and generating synergies through joint procurement of raw materials and materials for transformer production and expansion of the sales network.