Strengthening the manufacturing business platform through the acquisition and subsidiary formation of 株式会社ホタルクス
First written in FY2024-Q2. 1 of 3 entries say "Achieved", first in FY2024-Q3. Latest entry: FY2024.
0 other companies' latest entry also says "Cited as achieved".
- FY2024Cited as achievedAnnual report
「We are confident that combining ホタルクス’s 73 years of expertise as a lighting manufacturer with our business platform will generate synergies and contribute to the development of both companies through expanded sales utilizing both companies’ sales channels, the development of new services using our Group’s resources, and improved productivity drawing on our manufacturing expertise.」
The full-year disclosure confirms the acquisition of all shares of ホタルクス and its inclusion as a consolidated subsidiary, as well as synergies from the sales channels, service development and improved manufacturing productivity. - FY2024-Q3AchievedAnnual report
「At a meeting of the Board of Directors held on 9 November 2023, the company resolved to acquire all shares of 株式会社ホタルクス and make it a subsidiary, and entered into a share transfer agreement on the same date. It acquired all the shares on 25 December 2023.」
The acquisition of all shares of ホタルクス and its establishment as a subsidiary were completed on 25 December 2023, and the company was newly included in the scope of consolidation. The acquisition cost of ¥880 million and gain on bargain purchase of ¥770 million were provisionally calculated. - FY2024-Q2First statedAnnual report
「At a Board of Directors meeting held on 9 November 2023, the Company resolved to acquire all shares of 株式会社ホタルクス (the “Target Company”) and make it a subsidiary, as described below, and entered into a share transfer agreement dated 9 November 2023. We are confident that combining ホタルクス’s 73 years of expertise as a lighting manufacturer with our business platform will generate synergies and contribute to the development of both companies through expanded sales utilizing both companies’ sales channels, the development of new services using our Group’s resources, and improved productivity drawing on our manufacturing expertise.」
On 9 November 2023, the Company resolved to acquire all shares of and make ホタルクス a subsidiary and entered into a share transfer agreement. The acquisition price was ¥880 million, the percentage of voting rights acquired was 100%, and the deemed acquisition date was scheduled for 31 December 2023. Synergies were expected from utilizing the sales channels, developing new services and improving manufacturing productivity.