Expanding Sales in Hokkaido by Making 株式会社ミツワ商会 a Wholly Owned Subsidiary
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2017.
2 other companies' latest entry also says "Restated".
- FY2017RestatedAnnual report
「At a meeting of the Board of Directors held on 17 March 2016, the company resolved to acquire all shares in Mitsuwa Shokai Co., Ltd. and make it a subsidiary. On 1 April 2016, it entered into a share transfer agreement and acquired all of the shares on the same date.」
It reconfirms that the acquisition of all shares in Mitsuwa Shokai and its conversion into a subsidiary were completed and that the company was included in the scope of consolidation throughout the current consolidated fiscal year. - FY2017-Q2RestatedAnnual report
「As the company acquired all shares in Mitsuwa Shokai Co., Ltd., the company has been included in the scope of consolidation from the first quarter of the consolidated fiscal year.」
It reconfirms that the acquisition of all shares in Mitsuwa Shokai and its conversion into a consolidated subsidiary have been reflected in the consolidated accounts from the first quarter. - FY2017-Q1AdvancedAnnual report
「On 1 April 2016, we entered into a share transfer agreement for all shares in Mitsuwa Shokai Co., Ltd. and acquired all of the shares on the same date.」
The acquisition of all shares in Mitsuwa Shokai Shokai was completed and the company became a consolidated subsidiary. Although the full-scale rollout has required time due to the introduction of a new core system and other factors, regional expansion is expected from the second quarter onward. - FY2016First statedAnnual report
「We determined that the acquisition is expected to enable more effective use of the two companies' expertise and management resources, leading to expanded sales and synergies and enhancing the corporate value of our group.」
On 1 April 2016, the company acquired all shares in Mitsuwa Shokai Co., Ltd., completing its conversion into a wholly owned subsidiary with a 100% voting-rights interest. The company expects synergies including procurement efficiencies, higher sales and increased market share by incorporating Mitsuwa Shokai's automotive-products sales business in Hokkaido.