Expansion of the Castings Business and Cost Reduction through the Acquisition of 木村可鍛 as a Subsidiary
First written in FY2018. 2 of 3 entries say "Restated". Latest entry: FY2021.
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- FY2021RestatedAnnual report
「The Group will also make effective use of 木村可鍛株式会社, a Group company with ductile iron technology, and Sanyo Engineering & Construction Inc., a machine-tool manufacturer, to expand new sources of earnings.」
The Group continues to expand new sources of earnings by leveraging the technologies and business platforms of 木村可鍛 and Sanyo Engineering & Construction Inc. - FY2019RestatedAnnual report
「By acquiring all shares of 木村可鍛株式会社, which supplies casting products such as ductile iron, malleable iron and gray iron products, and Sanyo Engineering & Construction Inc., which supplies dedicated machine tools to a broad range of industries, primarily automotive, as well as electrical and construction equipment industries, the Group aims to enter new businesses and expand its sources of earnings through synergies with the Group.」
The Group reconfirmed its policy of entering new businesses through the casting business and expanding sources of earnings through Group synergies following the acquisition of 木村可鍛 as a subsidiary. - FY2018First statedAnnual report
「The shares were acquired because the Group expects further earnings improvement by expanding its casting business and reducing costs in its automotive parts and other manufacturing business.」
The Group disclosed for the first time a measure aimed at expanding its casting business and reducing costs by acquiring 100% of the shares of 木村可鍛株式会社 on 1 February 2018.