M&A strategy in adjacent reuse businesses
First written in FY2023. 2 of 4 entries say "Advanced", first in FY2024. Latest entry: 2026-04-14.
0 other companies' latest entry also says "Restated".
- 2026-04-14RestatedManagement plans
「We will continue exploring various forms of cooperation, including capital and business alliances with related companies.」
Reconfirmed the policy of pursuing M&A and alliances to support growth in the reuse and entertainment businesses. - FY2025-Q1AdvancedAnnual report
「Payment for the third-party allotment was completed on 15 April 2024. In addition, at TORICO Co.,Ltd.'s 19th Annual General Meeting of Shareholders held on 27 June 2024, the company's representative director and president, Fujiwara Katsuji (藤原 克治), was elected as an outside director, making TORICO Co.,Ltd. an equity-method affiliate.」
Regarding its alliance policy in peripheral reused-goods businesses, the company advanced to subscribing for a third-party allotment by TORICO Co.,Ltd., dispatching an officer and making the company an equity-method affiliate. - FY2024AdvancedAnnual report
「At a Board of Directors meeting held on 29 March 2024, the company resolved to enter into a capital and business alliance agreement with TORICO Co.,Ltd. and, as part of that alliance, to subscribe for new shares issued by TORICO Co.,Ltd. through a third-party allotment. The company entered into the capital and business alliance agreement with TORICO Co.,Ltd. on the same date.」
Regarding its alliance policy in peripheral reused-goods businesses, the company specifically implemented a capital and business alliance agreement with TORICO Co.,Ltd. and acquired shares in the company. - FY2023First statedAnnual report
「The company will continue to explore various forms of collaboration, including capital and business alliances, with companies operating businesses that complement its existing reused-goods business or its surrounding areas, or businesses with strong affinity to the company's operations.」
In light of 山徳's contribution, the company has presented its M&A strategy, including capital and business alliances with companies in peripheral reused-goods businesses that complement its existing operations, as a standalone initiative.