Making リンテックス株式会社 a Wholly Owned Subsidiary
First written in FY2018-Q3. 2 of 6 entries say "Cited as achieved", first in FY2019-Q2. Latest entry: FY2025.
Topy Industries,Limited moved to the "Worse" side of this theme in 2025.
The whole theme swung hardest in 2025: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「For the operating assets of consolidated subsidiary リンテックス㈱, the carrying amount was reduced to the recoverable amount because the decline in profitability made recovery of the investment no longer probable, and the reduction of ¥274 million was recorded as an impairment loss under extraordinary losses.」
An impairment loss of ¥274 million was recorded on the operating assets of リンテックス株式会社 after it became a wholly owned subsidiary, due to lower profitability. - 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 acquisitions, including リンテックス株式会社, continued to be cited as a factor contributing to the performance of the automotive and industrial machinery components 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 リンテックス株式会社 as a wholly owned subsidiary was cited as a factor behind the increase in net sales for the cumulative second-quarter period. - FY2019-Q1RestatedAnnual report
「Net sales were ¥39.91 billion, up 21.6% year on year, reflecting higher sales volumes of undercarriage components for construction machinery and extra-large wheels for mining, as well as the initial consolidation effect from リンテックス株式会社, which became a wholly owned subsidiary in February.」
The initial consolidation effect following the acquisition of リンテックス株式会社 as a wholly owned subsidiary contributed to the increase in first-quarter net sales. - FY2018AchievedAnnual report
「Because the business combination date was 31 March 2018, the results of the acquired company are not included. Voting rights acquired: 100%」
The Company acquired all shares of リンテックス株式会社 on 15 February 2018, completing its conversion into a wholly owned subsidiary with a 100% voting rights ratio. - FY2018-Q3First statedAnnual report
「At a Board of Directors meeting held on 15 January 2018, the Company resolved to enter into a share transfer agreement with 新日鐵住金株式会社 for the shares of リンテックス株式会社. The purpose is to promote business reform through strengthening the domestic and overseas business structure of the Company and リンテックス株式会社 as an integrated group, technological innovation drawing on their respective expertise, and the utilization of experienced personnel, in order to achieve sustainable growth. Scheduled acquisition date: 15 February 2018 Number of shares to be acquired: 1,600,000 shares Ownership ratio after acquisition: 100% Funded with internal funds」
To make リンテックス株式会社 a wholly owned subsidiary, the Company resolved on 15 January 2018 to enter into a share transfer agreement. The acquisition was scheduled for 15 February 2018, with an ownership ratio of 100% after the acquisition, funded with internal funds.