Synergies with stringing machine technology through the acquisition of 東洋造機 as a subsidiary
First written in FY2019-Q3. 2 of 4 entries say "Advanced", first in FY2019. Latest entry: FY2020.
- FY2020AchievedAnnual report
「The company will additionally acquire 49% of the shares of Toyo Zoki Co., Ltd., increasing its ownership stake to 100%.」
The additional acquisition on 25 December 2019 made Toyo Zoki a wholly owned subsidiary, completing the subsidiary acquisition process. - FY2020-Q3AdvancedAnnual report
「Business combination date: 25 December 2019. The company will additionally acquire 49% of the shares of Toyo Zoki Co., Ltd., increasing its ownership stake to 100%.」
On 25 December 2019, the company additionally acquired 49% of Toyo Zoki's shares, advancing to the stage of increasing its ownership stake to 100%. - FY2019AdvancedAnnual report
「The company manufactures badminton rackets, soft tennis rackets, tennis rackets, golf clubs, snowboards, shuttlecocks and strings, among other products. It also procures some badminton and tennis rackets from its subsidiary YONEX TAIWAN CO., LTD. and stringing machines from its subsidiary 東洋造機株式会社, sells these products, and procures and sells products including apparel and shoes.」
Following Toyo Zoki's acquisition as a subsidiary, the company disclosed operations incorporating its stringing machines into the Group's procurement and sales activities. - FY2019-Q3First statedAnnual report
「The acquired voting rights represented 51%. Through this transaction, the company will combine the manufacturing capabilities of both companies, further strengthen the Group's product development capabilities, and work toward establishing the world's leading manufacturing operations in racket sports. Through these synergies, it will provide products that exceed customer expectations and link this organically to increased sales of sporting goods generally.」
On 1 November 2018, the company acquired shares in Toyo Zoki Co., Ltd. and made it a subsidiary by holding 51% of the voting rights. The acquisition cost was ¥183.6 million in cash. The company first presented a plan to combine Toyo Zoki's stringing-machine technology with its own racket and string business to strengthen product development, manufacturing operations and sales expansion.