Expansion of the Eastern Japan production base and customer base through making 大嶋電機製作所 a subsidiary and acquiring its business
First written in FY2022-Q2. 1 of 6 entries say "Restated". Latest entry: FY2023-Q3.
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- FY2023-Q3Updated contribution to operating performanceAnnual report
「During the first nine months of the current fiscal year, sales increased by ¥15,642 million, or 29.4%, year on year to ¥68,833 million. This was despite the impact of production cuts by automakers caused by shortages of semiconductor components and other factors, as sales of automotive rear-view mirrors and other products increased following the conversion of 株式会社村上開明堂東日本 into a subsidiary from the first quarter, together with the impact of foreign currency translation.」
The effects of the business acquisition and acquisition of 大嶋電機製作所 completed on 1 April 2022 were also reflected in cumulative third-quarter performance and contributed to higher sales of automotive rearview mirrors and other products. - FY2023-Q2Updated contribution to operating performanceAnnual report
「During the first six months of the current fiscal year, sales increased by ¥8,065 million, or 22.4%, year on year to ¥44,003 million. This was despite the impact of production cuts by automakers caused by shortages of semiconductor components and other factors, as sales of automotive rear-view mirrors and other products increased following the conversion of 株式会社村上開明堂東日本 into a subsidiary from the first quarter, together with the impact of foreign currency translation.」
The effects of the business acquisition and acquisition of 大嶋電機製作所 completed on 1 April 2022 were also reflected in cumulative second-quarter performance and contributed to higher sales of automotive rearview mirrors and other products. - FY2023-Q1AdvancedAnnual report
「During the first three months of the current fiscal year, sales increased by ¥1,977 million, or 10.4%, year on year to ¥20,906 million. This was despite the impact of production cuts by automakers caused by shortages of semiconductor components and other factors, as sales of automotive rear-view mirrors and other products increased following the acquisition of a business and the conversion of 株式会社村上開明堂東日本 into a subsidiary from the current fiscal year's first quarter.」
The business acquisition and acquisition of 大嶋電機製作所 completed on 1 April 2022 were reflected in consolidated performance from the first quarter, contributing to higher sales of automotive rearview mirrors and other products and a 10.4% increase in total net sales. - FY2022AchievedAnnual report
「Under the agreement, the company completed the acquisition of the shares of 大嶋電機製作所 and the business acquisition on 1 April 2022.」
On 1 April 2022, the company completed the acquisition of 84.2% of 大嶋電機製作所 and the related development, design, and sales functions, and began establishing it as a production base in eastern Japan under the name Murakami Kaimeido East Japan. - FY2022-Q3RestatedAnnual report
「The company resolved to acquire 84.2% of the issued shares of 大嶋電機製作所 from MITSUBA Corporation and make it a subsidiary, as well as to acquire from MITSUBA Corporation the development, design, and sales functions related to 大嶋電機製作所’s manufactured products, collectively referred to below as the “Business Acquisition,” and entered into a share transfer agreement with MITSUBA Corporation.」
Reconfirms the acquisition of an 84.2% interest in 大嶋電機製作所 and the acquisition of its development, design, and sales functions. The acquisition and the making of the company a subsidiary were scheduled for 1 April 2022. - FY2022-Q2First statedAnnual report
「At a meeting of its Board of Directors held on 31 August 2021, the company resolved to acquire 84.2% of the issued shares of 大嶋電機製作所 from MITSUBA Corporation and make it a subsidiary, as well as to acquire from MITSUBA Corporation the development, design, and sales functions related to 大嶋電機製作所’s manufactured products, and entered into a share transfer agreement with MITSUBA Corporation. The company’s core business is automotive rearview mirrors. Through this share acquisition, it plans to make 大嶋電機製作所 an important production base in eastern Japan and further expand its customer base. It also aims to accelerate business growth by combining the two companies’ technologies and expertise in door-mirror production and working to ensure a stable supply of products that better meet customer needs.」
The company announced plans to acquire 640,000 issued shares of 大嶋電機製作所, representing an 84.2% ownership interest, and make it a subsidiary on 1 April 2022. It aims to establish the company, located in Ōta, Gunma Prefecture, as an important production base in eastern Japan, acquire related development, design, and sales functions from MITSUBA Corporation, expand its customer base, combine technologies and expertise, ensure a stable supply of products, and accelerate business growth.