Establishing an aluminum wheel supply platform by making ATCホールディングス株式会社 a wholly owned subsidiary
First written in FY2018. 3 of 5 entries say "Cited as achieved", first in FY2019-Q2. Latest entry: FY2020-Q2.
No other company in this theme has enough history to compare yet.
- FY2020-Q2Cited as achievedAnnual report
「Against this backdrop, although sales volumes of undercarriage components for construction machinery and wheels for mining machinery declined, the Group benefited from the initial consolidation effect of 旭テック株式会社, an aluminum wheel manufacturer, resulting in net sales of ¥92,264 million, up 7.5% year on year.」
The initial consolidation effect following the acquisition of 旭テック株式会社 as a wholly owned subsidiary continued to be cited as a factor behind the increase in net sales in the automotive and industrial machinery components business. - FY2019-Q3Cited as achievedAnnual report
「Against this backdrop, in addition to steadily capturing demand for undercarriage components for construction machinery and wheels for mining machinery, the Group benefited from the initial consolidation effect in the automotive wheel business.」
The initial consolidation effect following the acquisition of ATCホールディングス株式会社 as a wholly owned subsidiary continued to be cited as a factor contributing to the performance of the automotive wheel business. - FY2019-Q2Cited as achievedAnnual report
「Against this backdrop, in addition to steadily capturing demand for undercarriage components for construction machinery and extra-large wheels for mining, the Group benefited from the initial consolidation effects of リンテックス株式会社 and 旭テック株式会社, resulting in net sales of ¥85.845 billion, up 29.6% year on year.」
The initial consolidation effect following the acquisition of 旭テック株式会社 as a wholly owned subsidiary was cited as a factor behind the increase in net sales for the cumulative second-quarter period. - FY2019-Q1AchievedAnnual report
「In the automotive and industrial machinery components business, the Company completed the conversion of ATCホールディングス株式会社, the holding company of 旭テック株式会社, into a wholly owned subsidiary in May to establish a new foundation for the global supply of aluminum wheels. Voting rights acquired 100%」
The Company completed the acquisition of all shares of ATCホールディングス株式会社 on 31 May 2018, acquired 100% of the voting rights, and included the company within the scope of consolidation at an acquisition cost of ¥13.968 billion. - FY2018First statedAnnual report
「At a Board of Directors meeting held on 17 April 2018, the Company resolved to make ATCホールディングス株式会社 a subsidiary. On the same date, it entered into a share transfer agreement and acquired all shares on 31 May 2018.」
As a subsequent event, the Company decided to acquire and acquired all shares of ATCホールディングス株式会社 to establish a new foundation for the global supply of aluminum wheels. The acquisition cost was ¥13.968 billion.