Strengthening the die-casting business and mold-making capabilities through the acquisition of shares in 中村金型製作所
First written in FY2019-Q3. 1 of 2 entries say "Achieved", first in FY2019. Latest entry: FY2019.
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- FY2019Completion of the acquisition of 中村金型製作所 as a subsidiaryAnnual report
「In January 2019, we acquired all shares of 株式会社中村金型製作所 and included the company in the scope of consolidation.」
Following the execution of the agreement to acquire all shares disclosed in the previous quarter, the share acquisition and the establishment of the company as a subsidiary were completed on 31 January 2019. - FY2019-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 14 December 2018, we resolved to acquire all shares of 有限会社中村金型製作所 and entered into a share transfer agreement on 20 December 2018. 有限会社中村金型製作所 specializes in the design and manufacture of die-casting and magnesium molds. By making the company a member of our Group, we expect the die-casting business to grow through improved quality and a stable supply supported by its superior mold-making technology. We also expect greater efficiency in component supply and synergies by consolidating the design and manufacture of molds related to products across the Group.」
The acquisition of all shares was approved on 14 December 2018 and the share transfer agreement was signed on 20 December. Improved quality and a stable supply of die-cast products through mold-making technology, consolidation of mold design and manufacturing across the Group, more efficient component supply and synergies were cited as the reasons for and expected effects of the acquisition.