Group Business Restructuring, Including Acquisitions and Transfers of Subsidiaries
First written in FY2016. 12 of 29 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
1 other company's latest entry also says "Achieved".
- FY2026AchievedAnnual report
「From the current consolidated fiscal year, 1 company has been excluded from the scope of consolidation following completion of its liquidation.」
As part of the Group's reorganisation, 1 company whose liquidation procedures were completed during the current consolidated fiscal year was excluded from the scope of consolidation. - FY2026-H1AdvancedAnnual report
「The business combination accounting for the acquisition of the "Glonsan" and "Glomont" drink business completed in June 2024 was accounted for provisionally in the previous consolidated fiscal year and was finalised during the current interim consolidated accounting period. As a result of finalising this provisional accounting, the revised allocation of the initial acquisition cost has been reflected in the comparative information included in the interim consolidated financial statements for the current interim consolidated accounting period. As a result, goodwill provisionally calculated at ¥2,800 million decreased by ¥673 million upon finalisation of the accounting treatment, to ¥2,126 million.」
The provisional business combination accounting for the acquisition of the drink business completed in the previous fiscal year has been finalised. Following a review of the purchase price allocation, goodwill decreased from ¥2,800 million to ¥2,126 million, a reduction of ¥673 million. - FY2025AchievedAnnual report
「From the current fiscal year, 2 companies have been excluded from the scope of consolidation following the sale of their shares.」
During the current fiscal year, 2 companies were excluded from the scope of consolidation following the sale of their shares. This records the completion of another transaction related to the reorganisation of the Group's businesses, following the acquisition of an existing business and the liquidation of a subsidiary. - FY2025-H1AchievedAnnual report
「At a meeting of the Board of Directors held on 14 February 2024, the Company resolved to acquire the drink business for the "Glonsan" and "Glomont" brands from Lion Corporation (hereinafter, "Lion"), and acquired the business on 28 June 2024. Acquisition cost ¥3,066 million」
The acquisition of the "Glonsan" and "Glomont" drink business, decided in the previous fiscal year, was completed on 28 June 2024. The acquisition cost was ¥3,066 million, and the business has been included in consolidated results since July 2024. - FY2024AdvancedAnnual report
「LEC TRADING VIETNAM COMPANY LIMITED has been included in the scope of consolidation following its establishment during the fiscal year.」
The newly established Vietnamese subsidiary was included in the scope of consolidation, and the Group proceeded with the reorganisation of its business and procurement structure. - FY2024-Q3AdvancedAnnual report
「The company decided to acquire the "Glonsan" and "Glomont" drink-product brands from Lion Corporation and entered into a business transfer agreement on 14 February 2024.」
As a new transaction related to the reorganisation and expansion of the Group's businesses, a contract was signed to acquire the "Glonsan" and "G Lomont" businesses from Lion Corporation. The acquisition was scheduled to be completed on 28 June 2024. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year under review, there were no material changes in the businesses operated by the Group, comprising the company and its affiliates. There were also no changes among the major affiliated companies.」
There were no changes among the major affiliated companies, and no new acquisition, transfer or liquidation related to the Group business restructuring was reported. - FY2023AchievedAnnual report
「As the liquidation of 麗固日用品(南通)有限公司 was completed on 9 May 2022 and that of LEC TRADING(ASIA-PACIFIC)PTE.LTD. on 3 October 2022, both were removed from the scope of consolidation from the fiscal year under review.」
In addition to 麗固日用品(南通)有限公司, whose liquidation had been underway since the previous fiscal year, the liquidation of LEC TRADING(ASIA-PACIFIC)PTE.LTD. was also completed, and the 2 companies were removed from the scope of consolidation. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year under review, the liquidation procedures for 麗固日用品(南通)有限公司, formerly a consolidated subsidiary, were completed, and the company was therefore removed from the scope of consolidation.」
The completion of liquidation procedures for 麗固日用品(南通)有限公司 and its removal from consolidation are reiterated. No new acquisition or transfer transaction was reported beyond the completion of the Group restructuring described through the previous quarter. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year under review, the liquidation procedures for 麗固日用品(南通)有限公司, formerly a consolidated subsidiary, were completed, and the company was therefore removed from the scope of consolidation.」
The completion of liquidation procedures for 麗固日用品(南通)有限公司 and its removal from consolidation are reiterated. No new acquisition or transfer transaction was reported beyond the completion described in the previous quarter. - FY2023-Q1AchievedAnnual report
「During the cumulative first quarter of the fiscal year under review, the liquidation procedures for 麗固日用品(南通)有限公司, formerly a consolidated subsidiary, were completed, and the company was therefore removed from the scope of consolidation.」
The liquidation procedures for 麗固日用品(南通)有限公司, which had been underway since the previous fiscal year, were completed and the company was removed from the scope of consolidation. - FY2022-Q3RestatedAnnual report
「Operating income was ¥3,483 million, down 28.9% year on year, due in part to higher costs including raw materials and import-related expenses and expenses related to liquidation procedures at a consolidated subsidiary.」
Expenses related to liquidation procedures at a consolidated subsidiary continued to be incurred. No new acquisition or transfer decision, or completion of a liquidation, was reported. - FY2022-Q1AdvancedAnnual report
「Operating income was ¥1,305 million, down 30.4% year on year, due in part to expenses related to liquidation procedures at a consolidated subsidiary.」
Expenses related to liquidation procedures at a consolidated subsidiary were incurred, indicating that the liquidation of the subsidiary and Group restructuring initiated in the previous fiscal year continued at the procedural stage. The filing did not state that the liquidation had been completed. - FY2021AdvancedAnnual report
「As all equity interests in 寧波利克化工有限公司 were transferred on 30 September 2020 and the liquidation of KOREA LEC,INC. was completed on 24 June 2020, both were removed from the scope of consolidation from the fiscal year under review. In addition, 5 newly established companies were included in the scope of consolidation from the fiscal year under review.」
The transfer of all interests in 寧波利克化工有限公司 and the liquidation of KOREA LEC,INC. were completed, and both were removed from the scope of consolidation. Meanwhile, 5 newly established companies were added to consolidation, advancing a reconfiguration of the Group structure. - FY2021-Q3AdvancedAnnual report
「The company established the subsidiary in June 2010 to respond to increased demand and reduce costs, but decided to dissolve it to improve management efficiency by consolidating the Group's manufacturing sites. Once the necessary procedures under local laws and regulations have been completed,」
The company resolved to dissolve the specified subsidiary 麗固日用品(南通)有限公司 in order to consolidate manufacturing sites and improve management efficiency. The dissolution was awaiting completion of the necessary procedures; the filing did not state that it had been completed. - FY2021-Q2AchievedAnnual report
「During the cumulative second quarter of the fiscal year under review, the company transferred all equity interests in 寧波利克化工有限公司, formerly a consolidated subsidiary, and therefore removed it from the scope of consolidation.」
The transfer of all equity interests in 寧波利克化工有限公司 was completed on 30 September 2020 and the company was removed from the scope of consolidation. One transaction in the Group restructuring was completed through the transfer of the company, whose performance had been weak due to rising labor costs and declining productivity. - FY2021-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 17 July 2020, the company resolved to transfer all equity interests in its consolidated subsidiary 寧波利克化工有限公司.」
The company resolved to transfer all interests in 寧波利克化工有限公司, whose performance had remained weak due to rising labor costs and declining productivity, with the aim of improving management efficiency and earnings power. The transfer date was stated as 30 September 2020, with no ownership interest after the transfer. - FY2020-Q3RestatedAnnual report
「As a result, sales for the cumulative third quarter of the fiscal year under review were ¥35,772 million, up 11.8% year on year, partly because sales from the insecticide business under the "Varsan" brand acquired in December 2018 were newly included.」
Following the acquisition of the Varsan business in the previous fiscal year, sales from the business were included in consolidated results for the cumulative third quarter. No decision or completion of a new acquisition or transfer transaction was reported. - FY2020-Q2RestatedAnnual report
「As a result, sales for the cumulative first quarter of the fiscal year under review were ¥23,330 million, up 15.2% year on year, partly because sales from the insecticide business under the "Varsan" brand acquired in December 2018 were newly included and sales increased due to what appeared to be front-loaded demand ahead of the consumption tax increase.」
Following the acquisition of the Varsan business in the previous fiscal year, sales from the business were included in consolidated results for the cumulative second quarter. No decision or completion of a new acquisition or transfer transaction was reported. - FY2020-Q1RestatedAnnual report
「As a result, sales for the cumulative first quarter of the fiscal year under review were ¥11,346 million, up 12.0% year on year, partly because sales from the insecticide business under the "Varsan" brand acquired in December 2018 were newly included.」
The filing states that, following the acquisition of the Varsan business in the previous fiscal year, sales from the business were included in consolidated results for the quarter. No new acquisition or transfer transaction was reported. - FY2019-Q3AdvancedAnnual report
「On 28 December 2018, the company acquired the business concerned and acquired shares in LPC, making it a subsidiary.」
The planned acquisition of the Varsan-brand insecticide business and the making of LPC a wholly owned subsidiary were completed. The voting interest acquired was 100%, marking progress on a specific transaction in the Group business restructuring. - FY2019-Q2RestatedAnnual report
「The company determined that acquiring the Valsan brand, which is based on strong technical capabilities, and making LPC, its production site, a wholly owned subsidiary would provide a foothold for addressing the company's challenges of entering new business fields and rebuilding its production system, thereby enabling further growth.」
The planned acquisition of the Varsan-brand insecticide business and the making of LPC a wholly owned subsidiary were reiterated after the agreement was signed on 3 August 2018. The post-acquisition ownership interest was to be 100%, the price was ¥1,400 million and completion was scheduled for 28 December 2018; no completion during the quarter was reported. - FY2019-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 3 August 2018, the company resolved to acquire from Lion Corporation the insecticide business under the "Varsan" brand and to acquire all shares of Lion Packaging Co., Ltd., a consolidated subsidiary of Lion Corporation, making it a wholly owned subsidiary. The company entered into an agreement for the transfer of shares and other assets on 3 August 2018.」
Following the previous transfers, investments and liquidations of subsidiaries, the company resolved to acquire the Varsan insecticide business and all shares of LPC and entered into the relevant agreement. The ownership interest after acquisition was to be 100%, the acquisition price was ¥1,400 million, and completion was scheduled for 28 December 2018. - FY2018AdvancedAnnual report
「麗固商貿(北京)有限公司 was removed from the scope of consolidation from the fiscal year under review because its liquidation was completed.」
Following the transfer of an existing subsidiary and a new capital investment, the liquidation of 麗固商貿(北京)有限公司 was completed and the company was removed from consolidation, advancing the restructuring of the Group company structure. - FY2017AdvancedAnnual report
「KOREA LEC,INC. was included in the scope of consolidation from the fiscal year under review following a new capital investment. As all equity interests in 利克(寧波)日用品有限公司 were transferred on 10 April 2016, it was removed from the scope of consolidation from the fiscal year under review.」
In addition to the transfer and removal from consolidation of 利克(寧波)日用品有限公司, the Group made a new investment in KOREA LEC,INC. and included it in consolidation, advancing a reconfiguration of the Group company structure. - FY2017-Q3RestatedAnnual report
「During the first quarter, the company transferred all equity interests in 利克(寧波)日用品有限公司, formerly a consolidated subsidiary, and therefore removed it from the scope of consolidation.」
The transfer of all interests in 利克(寧波)日用品有限公司 and its removal from consolidation during the first quarter are reiterated. No new restructuring transaction was reported. - FY2017-Q2RestatedAnnual report
「During the first quarter, the company transferred all equity interests in 利克(寧波)日用品有限公司, formerly a consolidated subsidiary, and therefore removed it from the scope of consolidation.」
The transfer of all interests in 利克(寧波)日用品有限公司 and its removal from consolidation during the first quarter are reiterated. No new restructuring transaction was reported. - FY2017-Q1AdvancedAnnual report
「On 10 April 2016, the company entered into an agreement to transfer its equity interests in 利克(寧波)日用品有限公司, formerly a consolidated subsidiary. The consideration for the interests to be transferred was US$15.33 million, the loss on transfer was ¥1,339 million, and the ownership interest after the transfer was none.」
The transfer of all equity interests in 利克(寧波)日用品有限公司 was completed, and the company was removed from the scope of consolidation. One transaction in the Group restructuring was completed. - FY2016First statedAnnual report
「At a meeting of the Board of Directors held on 9 April 2016, the company resolved to transfer all equity interests in its consolidated subsidiary 利克(寧波)日用品有限公司.」
During the fiscal year, Plus One Co., Ltd. became a consolidated subsidiary effective 31 December 2015, while the company resolved to transfer all equity interests in 利克(寧波)日用品有限公司, indicating a reconfiguration of the subsidiary structure.