Entry into the large-scale molding sector through making 株式会社ハイモールド a wholly owned subsidiary
First written in FY2017-Q2. 2 of 5 entries say "Reframed", first in FY2021-Q3. Latest entry: FY2023-Q3.
No other company in this theme has enough history to compare yet.
- FY2023-Q3Details of the outcome of and background to the sale following the previous entry into the automotive sectorAnnual report
「The company was unable to establish a position as a Tier 1 manufacturer, a direct supplier that dispatches guest engineers to automakers and develops products jointly with them, and was forced to remain a Tier 2 or Tier 3 manufacturer serving as a secondary or tertiary subcontractor. As a result, it could not generate returns commensurate with the scale of its plant and ultimately recorded a substantial loss. Regrettably, in 2021 the company sold the injection molding and processing business of ＨＭヤマト株式会社, which had become its subsidiary.」
The background to the automotive business originating with the acquisition of ハイモールド was explicitly stated: the company failed to establish a position as a Tier 1 manufacturer, could not generate returns commensurate with the plant's scale, and consequently recorded a substantial loss and sold the business in 2021. - FY2021ReframedAnnual report
「Transfer of the business and fixed assets of ＨＭヤマト株式会社」
The previous initiative to enter the large-scale molding field through the acquisition of ハイモールド as a subsidiary shifted toward transferring ＨＭヤマト's business and fixed assets, and the transfer was carried out on 31 March 2021. - FY2021-Q3ReframedAnnual report
「At a board meeting held on 13 November 2020, the company resolved to transfer the injection molding and processing business of its consolidated subsidiary ＨＭヤマト株式会社, together with the fixed assets owned by ＨＭヤマト株式会社 and the company, including land, buildings, and machinery, to SANKO GOSEI LTD. On the same date, it entered into business transfer and fixed asset transfer agreements.」
Regarding the previous platform for entering the large-scale molding field through the acquisition of 100% of ハイモールド, an agreement was disclosed to transfer ＨＭヤマト's injection molding and processing business and related fixed assets to a third party, indicating a change in the direction of the initiative. - FY2017AchievedAnnual report
「Date of business combination: 6 January 2017」
The planned acquisition of 株式会社ハイモールド as a subsidiary was completed on 6 January 2017, and it became a consolidated subsidiary with an acquired voting rights ratio of 100.0%. The company also stated that it had acquired a platform for entering the large-scale molding field (1,000 tonnes or more). - FY2017-Q2First statedAnnual report
「At a board meeting held on 1 November 2016, the company resolved to acquire 100% of the issued shares of 株式会社ハイモールド and make it a subsidiary. This would enable entry into the large-scale molding field (1,000 tonnes or more), and synergies were expected with the medium- and large-scale molding expertise of the group, allowing it to pursue a broader sales strategy. Date of business combination: 6 January 2017 (scheduled).」
The company resolved to acquire 100% of ハイモールド's issued shares, with the business combination scheduled for 6 January 2017. The measure was intended to facilitate business succession, offset sluggish sales caused by insufficient production capacity, enter the large-scale molding field of 1,000 tonnes or more, and expand the business through synergies, overall optimization, and greater efficiency by leveraging equipment, technical capabilities, and personnel.