Strengthening Paper Processing and Environmental Initiatives Through the Acquisition of Mikuni Paper Industry
First written in FY2021-Q1. 3 of 8 entries say "Cited as achieved", first in FY2021-Q3. Latest entry: FY2023.
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- FY2023AdvancedAnnual report
「In addition, construction in progress included ¥134 million for building renovations and other work and the expansion of machinery and equipment at 三国紙工株式会社, scheduled for completion during the 36th consolidated fiscal year.」
Following the acquisition of 三国紙工株式会社 as a subsidiary, a ¥134 million investment plan for building renovations and machinery and equipment expansion to strengthen paper processing and environmental initiatives is under way. - FY2022AdvancedAnnual report
「In addition to machinery sales, increased heavy-duty packaging business at 三国紙工株式会社, which became a consolidated subsidiary, resulted in net sales of ¥1,119 million, up 33.6% year on year, and gross profit of ¥226 million, up 6.6%.」
Following the acquisition of 三国紙工株式会社 as a subsidiary, the paper-processing and heavy-packaging businesses became reflected in higher sales and higher profit in the full-year Other businesses segment. - FY2022-Q3AdvancedAnnual report
「In addition to machinery sales, increased heavy-duty packaging business at 三国紙工株式会社, which became a consolidated subsidiary, resulted in net sales of ¥944 million, up 109.8% year on year, and gross profit of ¥187 million, up 23.7%.」
Following the acquisition of 三国紙工株式会社 as a subsidiary, growth in the heavy-packaging business was reflected in a 109.8% increase in net sales and a 23.7% increase in gross profit. - FY2022-Q2Cited as achievedAnnual report
「In July 2020, we also made 三国紙工株式会社 a subsidiary, strengthening our ability to respond to rising demand for paper products as environmental awareness grows, drawing on its strengths in paper processing.」
The acquisition of 三国紙工株式会社 as a subsidiary and the establishment of a structure to address rising demand for paper products by leveraging its paper-processing technology are being reiterated as completed initiatives. - FY2021Cited as achievedAnnual report
「We additionally acquired shares in 三国紙工株式会社, previously an equity-method affiliate, and made it a consolidated subsidiary.」
The additional acquisition of 三国紙工 and its conversion into a consolidated subsidiary are reiterated as completed facts in the annual report. - FY2021-Q3Cited as achievedAnnual report
「In addition, during the second quarter of the current consolidated fiscal year, we additionally acquired shares in 三国紙工株式会社, previously an equity-method affiliate, and made it a consolidated subsidiary.」
The additional acquisition of 三国紙工 and its conversion into a consolidated subsidiary are reiterated as completed facts. - FY2021-Q2AchievedAnnual report
「During the second quarter of the current consolidated fiscal year, we additionally acquired shares in 三国紙工株式会社, previously an equity-method affiliate, and made it a consolidated subsidiary.」
On 15 July 2020, the voting rights ratio in 三国紙工株式会社 was increased to 50.1%, completing its conversion into a consolidated subsidiary. The purpose of strengthening paper-processed products using extrusion lamination technology and advancing environmental initiatives has moved to the completion stage of the acquisition. - FY2021-Q1First statedAnnual report
「三国紙工株式会社 has extrusion lamination processing technology for various substrates, including paper. The purpose is to strengthen our handling of paper-processed products in addition to developing products that can reduce our environmental impact, and to further advance our environmental initiatives.」
The decision to make 三国紙工株式会社 a subsidiary by subscribing for all shares issued in its third-party allotment was disclosed. The transaction was scheduled for 15 July 2020, with an expected voting rights ratio of 50.1% after acquisition and an expected acquisition cost of ¥430.1 million. The purpose was to strengthen paper-processed products using extrusion lamination technology and advance environmental initiatives.