Strengthening the Tokyo Metropolitan Operating Base and Creating Synergies Through the Absorption-Type Demerger of the Home Center and Remodeling Businesses Operated by ドイト株式会社
First written in FY2020-Q3. 1 of 2 entries say "Achieved", first in FY2020. Latest entry: FY2020.
1 other company's latest entry also says "Achieved".
Not enough years or companies yet to draw the terrain. The sentences above are computed from what exists.
- FY2020AchievedAnnual report
「With 1 February 2020 as the business combination date, the Company assumed the home improvement center and remodeling businesses operated by Doit Co., Ltd.」
The assumption of Doit's home improvement center and remodeling businesses through an absorption-type company split was completed on 1 February 2020. The acquired businesses were reflected in the store network as 10 home improvement center stores and 6 Kohnan Pro stores, with the aim of strengthening the Group's presence in the Tokyo metropolitan area and generating synergies. - FY2020-Q3First statedAnnual report
「On 29 November 2019, pursuant to Article 370 of the Companies Act and Article 22 of the Company's Articles of Incorporation concerning written board resolutions, the Company decided to succeed, through a company split effective 1 February 2020, to the home center and renovation businesses operated by ドイト株式会社, a consolidated subsidiary of Pan Pacific International Holdings Corporation (formerly Don Quijote Holdings Co., Ltd.), and entered into an agreement with ドイト株式会社 concerning the succession of those businesses. ドイト株式会社 operated 16 stores mainly in the Tokyo metropolitan area and had a strong operating base there. The Company decided to succeed to these businesses to further accelerate the Group's growth strategy.」
The Company first disclosed its plan to succeed to ドイト株式会社's home center and renovation businesses through an absorption-type company split effective 1 February 2020. Doit operated 16 stores in the Tokyo metropolitan area, and the transaction was intended to strengthen the regional operating base and generate synergies.