Making 戸髙製作所 a Subsidiary Through Share Acquisition and Integrating Sales and Technical Capabilities
First written in FY2017-Q3. 1 of 2 entries say "Achieved", first in FY2017. Latest entry: FY2017.
- FY2017AchievedAnnual report
「Date of business combination: 1 March 2017 (date of share acquisition); voting rights acquired: 100.0%. “The company believes that this acquisition will create synergies across a broader range of fields by combining the Nanyo Group’s sales capabilities with the target company’s technical capabilities.”」
The acquisition making 戸髙製作所 a wholly owned subsidiary was completed on 1 March 2017. Due to the deemed acquisition date, only the balance sheet has been consolidated in the consolidated income statement, and no realized synergies have yet been reported. - FY2017-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 7 February 2017, the company resolved to acquire shares of 株式会社戸髙製作所 and make it a subsidiary. The company believes that combining the Nanyo Group’s sales capabilities with the target company’s technical capabilities through this acquisition will create synergies across a broader range of fields. Date of business combination: 1 March 2017 (scheduled); voting rights acquired: 100.0%; acquisition cost: ¥352 million」
The company plans to make 戸髙製作所 a wholly owned subsidiary on 1 March 2017. It aims to expand its business areas and create synergies by combining the company’s technical capabilities in precision-machined components, factory automation mechatronics, and marine-related equipment with the Group’s sales capabilities.