Business expansion and supply chain strengthening through the conversion of Chita Kogyo into a wholly owned subsidiary
First written in FY2025-H1. 3 of 6 entries say "Cited as achieved", first in 2026-05-13. Latest entry: FY2026.
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- FY2026RestatedAnnual report
「Chita Kogyo Co., Ltd. became our wholly owned subsidiary.」
The company reconfirmed the acquisition of Chita Kogyo as a wholly owned subsidiary in its annual results and included Chita Kogyo and its subsidiaries in the scope of consolidation from the current fiscal year. It disclosed their contribution to consolidated results and a gain on bargain purchase of ¥6,148 million. - FY2026-H1AchievedAnnual report
「As a result of conducting this tender offer based on the resolution, on 1 April 2025 we acquired 83.88% of the common shares of Chita Kogyo Co., Ltd. Following the successful completion of the tender offer, on 12 May 2025 we carried out squeeze-out procedures through a demand for the sale of shares, with the aim of acquiring all of the common shares of Chita Kogyo Co., Ltd. As a result, including the 11.51% of Chita Kogyo Co., Ltd.'s common shares held by us before the tender offer, Chita Kogyo Co., Ltd. became our wholly owned subsidiary.」
The company completed the acquisition of Chita Kogyo as a wholly owned subsidiary after acquiring 83.88% on 1 April 2025 and carrying out a squeeze-out through a demand for the sale of shares on 12 May. - FY2025-H1First statedAnnual report
「We recognize that, in order to further expand the businesses of our Group and the Target Group and stabilize the supply chain, it is important to make the Target a wholly owned subsidiary through this tender offer and operate the businesses in a more integrated manner than before, thereby building a collaborative structure, concentrating management resources on business growth, sharing management resources and know-how including human resources, and accelerating and simplifying decision-making. We aim to commence this tender offer around late January 2025. Purchase consideration: ¥17,022 million (planned)」
The company plans to make Chita Kogyo a wholly owned subsidiary through a tender offer for its shares. As of 11 November 2024, it held 11.56%, aims to commence the tender offer in late January 2025, and cites supply chain resilience, cost reduction and quality improvement, product development, stronger human resources and governance, and faster decision-making as synergies.