Acquisition and Subsidiarization of 東洋ガラス工業
First written in FY2018-Q3. 2 of 3 entries say "Cited as achieved", first in FY2019-Q3. Latest entry: FY2019.
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- FY2019Cited as achievedAnnual report
「As the first year in which the full-year results of 東洋ガラス工業㈱, acquired as a subsidiary through M&A in the previous year, were reflected, we pursued synergies through integrated Group management.」
The company has reiterated the acquisition and subsidiarization of 東洋ガラス工業 as a past event and stated that its full-year results were reflected for the first time after the acquisition. - FY2019-Q3Cited as achievedAnnual report
「The company acquired the shares of 東洋ガラス工業 and made it a subsidiary in January of the previous year, generating revenue of ¥936 million and operating profit of ¥43 million.」
The company has reiterated the past acquisition of 東洋ガラス工業 as a subsidiary and reported revenue and operating profit from its sash and glass installation business after the acquisition. - FY2018-Q3AchievedAnnual report
「At a meeting of the Board of Directors held on 18 December 2017, the company resolved to acquire all shares of 東洋ガラス工業株式会社 and make it a subsidiary. The company also entered into a share transfer agreement dated 18 December 2017 and completed the acquisition of 東洋ガラス工業株式会社 on 11 January 2018, making it a subsidiary.」
On 18 December 2017, the company resolved to acquire the shares of 東洋ガラス工業 and make it a subsidiary, and entered into an agreement. The acquisition was completed on 11 January 2018. The acquired voting rights ratio was 100.0%, and the acquisition cost was ¥440 million. The acquisition was expected to enable integrated Group handling of installation work previously outsourced, expand and accelerate the range of services offered to customers, and provide mutual support in the home improvement stores' renovation business.