Strengthening the FA business by making 東北パイオニアEG a consolidated subsidiary
First written in FY2019-Q3. 1 of 2 entries say "Restated". Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019RestatedAnnual report
「On 1 December 2018, the company acquired all shares of Tohoku Pioneer EG Co., Ltd., a consolidated subsidiary of Pioneer Corporation (hereinafter “Pioneer”), from Pioneer, and made Tohoku Pioneer EG a newly consolidated subsidiary of the company on the same date. The company's voting interest in Tohoku Pioneer EG increased from 0% as of 30 November 2018 to 100% as of 1 December 2018, giving it all voting rights.」
The annual report reconfirmed that Tohoku Pioneer EG became a wholly owned subsidiary on 1 December 2018 and disclosed completion of the purchase price allocation and the name change to デンソー FA Yamagata. - FY2019-Q3First statedAnnual report
「On 1 December 2018, the company acquired all shares of Tohoku Pioneer EG Co., Ltd., a consolidated subsidiary of Pioneer Corporation (hereinafter “Pioneer”), from Pioneer, and made Tohoku Pioneer EG a newly consolidated subsidiary of the company on the same date. The company's voting interest in Tohoku Pioneer EG increased from 0% as of 30 November 2018 to 100% as of 1 December 2018, giving it all voting rights.」
Tohoku Pioneer EG became a wholly owned subsidiary on 1 December 2018. The purchase price was ¥10,900 million, and the company first disclosed its policy of combining the company's FA production-system track record with the デンソー group's automation experience at 130 factories to provide FA systems more broadly and more quickly.