Accelerating growth in the switchboard business through the acquisition of 松栄電機
First written in FY2023-Q1. 3 of 6 entries say "Restated". Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024AdvancedAnnual report
「In addition, 松栄電機㈱ and 松栄電気システムコントロール, acquired in August 2022, contributed to performance throughout the year, resulting in higher revenue and operating profit overall.」
The acquisition of the 松栄電機 Group contributed throughout the year, generating revenue of ¥9,830 million and operating profit of ¥488 million in the construction-related segment. - FY2024-Q3RestatedAnnual report
「Revenue increased substantially as revenue from 松栄電機㈱, acquired in August 2022, was added.」
Revenue from 松栄電機㈱ continues to contribute to higher revenue in the construction-related segment. - FY2024-Q1AdvancedAnnual report
「Revenue increased substantially because revenue from 松栄電機㈱, acquired through M&A in August of the previous year, contributed to results.」
Revenue from 松栄電機㈱, acquired in August 2022, contributed to higher revenue in the construction-related segment. Following completion of the acquisition, its contribution to performance was disclosed specifically for the first time. - FY2023-Q3RestatedAnnual report
「松栄電機㈱ and 松栄電気システムコントロール㈱ were included in the scope of consolidation because shares were acquired during the second-quarter consolidated accounting period and the companies became subsidiaries.」
松栄電機㈱ and 松栄電気システムコントロール㈱, acquired in the second quarter, continue to be treated as consolidated subsidiaries. - FY2023-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 13 May 2022, the Company resolved to acquire all issued shares of 松栄電機㈱ and make 松栄電機㈱ and its subsidiary, 松栄電気システムコントロール㈱, wholly owned subsidiaries. On 1 August 2022, it acquired all shares of 松栄電機㈱ and made it a subsidiary.」
The Company reconfirmed the treatment of 松栄電機㈱ and 松栄電気システムコントロール㈱ as wholly owned subsidiaries through their inclusion in the scope of consolidation and the details of the business combination. The acquisition consideration was disclosed as ¥720 million and goodwill as a provisional ¥387 million. - FY2023-Q1AchievedAnnual report
「Under the New Sanoyas Group Medium-Term Management Plan 2021 (fiscal years ending March 2022 to March 2025), the Company is strengthening its business foundation and expanding its scale through M&A, in addition to pursuing organic growth in existing businesses and bringing new business areas into the Group. As part of this initiative, the Company decided to acquire 100% of the shares of 松栄電機㈱ to accelerate growth in the Group's switchboard business. By welcoming 松栄電機㈱ into the Group, the Company aims to achieve further growth and strengthen earnings in this business area through sales synergies and complementary capabilities in technology and production. The acquisition procedures were completed on 1 August 2022.」
The Company acquired all 20,000 issued shares of 松栄電機㈱ and made the company and its subsidiary, 松栄電気システムコントロール㈱, wholly owned subsidiaries. In the switchboard business, it set out to achieve growth and strengthen earnings through sales synergies with ハピネスデンキ㈱ and complementary capabilities in technology and production.