Expanding North American Market Share through the Acquisition of RKI Instruments, Inc. as a Subsidiary
First written in FY2017. 4 of 10 entries say "Restated". Latest entry: FY2023.
4 other companies' latest entry also says "Cited as achieved".
- FY2023Cited as achievedAnnual report
「March 2017: Acquired additional shares in RKI Instruments,Inc. and made it a consolidated subsidiary (ownership ratio: 51%)” “July 2022: Increased ownership ratio to 100% through an additional share acquisition」
The North American expansion that raised the voting rights ratio in RKI Instruments,Inc. to 100% is reconfirmed as a completed measure in the Company's history. - FY2023-Q3Cited as achievedAnnual report
「This was mainly attributable to the recognition of ¥7,119 million in quarterly net income attributable to owners of the parent and ¥1,839 million in dividend payments, which increased retained earnings by ¥5,471 million, while additional acquisition of shares in RKI Instruments,Inc., a U.S. consolidated subsidiary, and other factors reduced capital surplus by ¥796 million and non-controlling interests by ¥698 million.」
Changes in capital surplus and non-controlling interests resulting from the additional acquisition of shares in RKI Instruments,Inc. are reiterated as the financial impact of a completed measure. - FY2023-Q2AdvancedAnnual report
「The Company acquired shares in RKI Instruments,Inc., a consolidated subsidiary that sells gas detection and alarm equipment and provides after-sales maintenance services in the United States, in order to increase its ownership stake. Following the acquisition, the Company's voting rights ratio in RKI Instruments,Inc. will increase from 75.0% to 100.0%.」
Through the share acquisition on 1 July 2022, the Company raised its voting rights ratio in RKI Instruments,Inc. from 75.0% to 100.0%, strengthening its North American sales and after-sales service platform by making the company a wholly owned subsidiary. - FY2021Cited as achievedAnnual report
「Following the acquisition, the Company's voting rights ratio in RKI Instruments,Inc. will increase from 51.0% to 75.0%.」
The measure to raise the Company's ownership stake in RKI Instruments,Inc. to 75.0% is also confirmed in the annual disclosure. - FY2021-Q2AdvancedAnnual report
「The Company acquired shares in RKI Instruments,Inc., a consolidated subsidiary that sells gas detection and alarm equipment and provides after-sales maintenance services in the United States, in order to increase its ownership stake. Following the acquisition, the Company's voting rights ratio in RKI Instruments,Inc. will be 75.0%.」
On 31 July 2020, the Company acquired additional shares in RKI Instruments,Inc., raising its voting rights ratio to 75.0%. This represents concrete progress in further strengthening its sales and after-sales service platform in North America. - FY2018RestatedAnnual report
「With a view to further expanding its overseas market share, the Company made RKI Instruments,Inc. (U.S.), formerly an equity-method affiliate, a subsidiary at the end of the previous consolidated fiscal year.」
The Company continues to describe the measure of expanding its overseas market share by making RKI Instruments,Inc. a subsidiary. - FY2018-Q3RestatedAnnual report
「Although domestic demand remained firm, significant growth was difficult to anticipate. As a measure to achieve further growth, the Company made its U.S. affiliate RKI Instruments,Inc., formerly an equity-method affiliate, a subsidiary at the end of the previous consolidated fiscal year, with a view to further expanding its overseas market share.」
With significant growth in domestic demand difficult to anticipate, the Company continues measures to expand its overseas market share by making RKI Instruments,Inc. a subsidiary. - FY2018-Q2RestatedAnnual report
「With significant growth in domestic demand difficult to anticipate, the Company acquired additional shares in its U.S. affiliate RKI Instruments,Inc., formerly an equity-method affiliate, at the end of the previous consolidated fiscal year and made it a subsidiary as a measure to further expand its overseas market share.」
With significant growth in domestic demand difficult to anticipate, the Company continues measures to expand its overseas market share by acquiring additional shares in RKI Instruments,Inc. and making it a subsidiary. - FY2018-Q1RestatedAnnual report
「With limited prospects for significant growth in domestic demand, the Company acquired additional shares in its U.S. affiliate RKI Instruments,Inc., formerly an equity-method affiliate, at the end of the previous consolidated fiscal year and made it a subsidiary as a measure to further expand its overseas market share.」
With significant growth in domestic demand difficult to anticipate, the Company continues measures to expand its overseas market share by acquiring additional shares in RKI Instruments,Inc. and making it a subsidiary. - FY2017First statedAnnual report
「As the domestic market became saturated, the Company adopted a policy of focusing on expanding its overseas market share, viewing North America as its most important market in terms of both scale and quality. Accordingly, on 31 March 2017, it acquired additional shares in RKI Instruments,Inc., its exclusive distributor in North America, and made the company a subsidiary.」
North America was positioned as the most important market. The Company acquired an additional 12.5% of the shares of RKI Instruments,Inc., raising its voting rights ratio to 51.0% and making it a consolidated subsidiary. The purpose was to strengthen support for product development and sales aligned with demand in the North American market.