Acquisition of a new-vehicle dealer group in Melbourne, Australia
First written in FY2019-Q3. 3 of 5 entries say "Restated". Latest entry: FY2020.
1 other company's latest entry also says "Restated".
- FY2020RestatedAnnual report
「Because the new-car dealer group acquired in October 2018 has been consolidated as subsidiaries since the previous fiscal year (including the results for the period from 1 October 2018 to 28 February 2019), it contributed to the increase in revenue for the fiscal year.」
The subsidiaries formed from the 5 Australian Melbourne new-car dealer groups acquired continued to contribute to increased revenue in the Australian business for the fiscal year. - FY2020-Q3RestatedAnnual report
「Because the new-car dealer group acquired in October 2018 has been consolidated as subsidiaries since the previous fiscal year (including the results for the period from 1 October 2018 to 28 February 2019), it contributed to the increase in revenue for the cumulative third quarter.」
The subsidiaries formed from the 5 Australian Melbourne new-car dealer groups acquired in October 2018 contributed to Australian sales of ¥62,487 million for the cumulative third quarter, up 60.1% year on year. - FY2020-Q2RestatedAnnual report
「As the new-vehicle dealer group acquired in October 2018 was consolidated as subsidiaries from the previous fiscal year, including its results for the period from 1 October 2018 to 28 February 2019, it contributed significantly to the increase in revenue during the cumulative second-quarter consolidated period.」
The subsidiaries formed from the 5 Melbourne new-car dealer groups acquired in October 2018 contributed to Australian sales of ¥39,815 million for the cumulative second quarter, up 50.7% year on year. - FY2020-Q1AdvancedAnnual report
「In October 2018, IDOM Automotive Essendon Pty Ltd, a newly established subsidiary of the Company's wholly owned Australian holding company, IDOM Automotive Group Pty Ltd, acquired 5 new-vehicle dealerships in Melbourne, Victoria, Australia, and consolidated them as subsidiaries from the previous fiscal year. Australia: revenue of ¥18,830 million, up 51.1% year on year. As the new-vehicle dealer group acquired in October 2018 was consolidated as subsidiaries from the previous fiscal year, including its results for the period from 1 October 2018 to 28 February 2019, it contributed significantly to the increase in revenue in the first quarter.」
Following the acquisition and consolidation of the 5 new-vehicle dealerships in Melbourne as subsidiaries, their consolidation contributed significantly to the increase in Australian revenue in the first quarter. - FY2019-Q3First statedAnnual report
「This was because it was determined that the transaction would accelerate growth in the Company's Australian business.」
On 1 October 2018, the Company completed the acquisition of shares in, and transfer of the business of, a company engaged in new-vehicle sales and related businesses in Melbourne, Australia. The acquired voting rights ratio was 95.0%, and the acquisition cost was ¥5,333 million. The transaction was described as an acquisition intended to support growth in the Australian business.