Strengthening the overseas automotive business through the acquisition of Crown Trading shares
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2021: 2 of 24 companies on the "Worse" side.
2 other companies' latest entry also says "Cited as achieved".
- FY2018Cited as achievedAnnual report
「Crown Trading exports and sells automobiles to Asia and the ASEAN region through a network spanning more than 50 countries overseas. As this acquisition is expected to strengthen our Group’s overseas automotive business, we acquired a 51% stake in the company effective 1 May 2017.」
The disclosure states that Crown Trading exports and sells automobiles through a network spanning more than 50 countries overseas and that the acquisition of a 51% stake made it a consolidated subsidiary. - FY2018-Q3RestatedAnnual report
「Crown Trading has been included in the scope of consolidation from the first quarter of the first quarter consolidated accounting period following the acquisition of its shares.」
The acquisition of Crown Trading shares and its inclusion in the scope of consolidation have been reconfirmed as events occurring from the first quarter. - FY2018-Q2RestatedAnnual report
「Crown Trading has been included in the scope of consolidation from the first quarter of the first quarter consolidated accounting period following the acquisition of its shares.」
The acquisition of Crown Trading shares and its inclusion in the scope of consolidation have been reconfirmed as events occurring from the first quarter. - FY2018-Q1RestatedAnnual report
「Through its subsidiaries, our Group operates automotive businesses, including Autobacs franchises, in Asia and the ASEAN region. Crown Trading exports and sells automobiles to Asia and the ASEAN region through a network spanning more than 50 countries overseas. As this acquisition is expected to strengthen our Group’s overseas automotive business, we acquired a 51% stake in the company effective 1 May 2017. We have also agreed to acquire the remaining 49% stake on 30 March 2018.」
The acquisition of a 51% stake in Crown Trading and the planned acquisition of the remaining 49% have been reconfirmed, and Crown Trading has been included in the scope of consolidation from the first quarter. - FY2017AdvancedAnnual report
「As this acquisition is expected to strengthen our Group’s overseas automotive business, we acquired a 51% stake in the company effective 1 May 2017. We have also agreed to acquire the remaining 49% stake on 30 March 2018.」
The company acquired a 51% stake in Crown Trading on 1 May 2017 and disclosed the agreement to acquire the remaining 49% on 30 March 2018 as a subsequent event.