Strengthening technological capabilities and the customer base and expanding business areas through the acquisition of Santec as a subsidiary
First written in FY2019-Q2. 2 of 4 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 expansion of business areas and revenue sources by leveraging the technology and customer bases of subsidiaries, including Sanyo Engineering & Construction Inc., is continuing. - FY2019RestatedAnnual report
「Through the acquisition of all shares of Kimura Kakan Co., Ltd. and Sanyo Engineering & Construction Inc., we will seek to enter new businesses and expand revenue sources through synergies with the Group.」
Based on the acquisition of all shares of Sanyo Engineering & Construction Inc., the policy of expanding business areas and revenue sources by leveraging technological capabilities, customer bases, and Group synergies was reaffirmed. - FY2019-Q3AchievedAnnual report
「As the Company acquired all shares of Sanyo Engineering & Construction Inc. during the consolidated third-quarter accounting period, it has been included in the scope of consolidation.」
The acquisition of all shares of Sanyo Engineering & Construction Inc. was completed and the company was included in the scope of consolidation. The acquisition date was 2 November 2018, the acquired voting rights ratio was 100%, and the acquisition cost was ¥1,156 million. Goodwill of ¥218 million was recognized. - FY2019-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 23 October 2018, the Company resolved to acquire shares in Sanyo Engineering & Construction Inc. and make it a subsidiary, and entered into a share transfer agreement on the same date. Under the agreement, the Company acquired all shares on 2 November 2018. Through this transaction, the Company decided to acquire the shares of Sanyo Engineering & Construction Inc. after determining that it could strengthen its technological capabilities to support the expansion of the Group's business, broaden its business areas by leveraging both companies' customer bases, and achieve sustainable growth and enhanced corporate value for both companies. Acquisition cost ¥1,156 million Acquired voting rights ratio 100%」
As a significant subsequent event, the Company resolved on 23 October 2018 to make Sanyo Engineering & Construction Inc. a subsidiary and acquired all of its shares on 2 November 2018. The acquisition cost was ¥1,156 million and the acquired voting rights ratio was 100%, with the transaction aimed at expanding business areas by leveraging technological capabilities and customer bases.