Expansion of the Lining Tank Business in the United States through the Acquisition of VALQUA NGC, Inc.
First written in FY2017. 2 of 6 entries say "Advanced", first in FY2022. Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1AchievedAnnual report
「VALQUA NGC,INC. was excluded from the scope of consolidation from the current interim consolidated accounting period because its liquidation had been completed.」
For VALQUA NGC,Inc., acquired under NV・S7, the liquidation proceedings were completed and it was excluded from the scope of consolidation from the current interim consolidated accounting period. - FY2025Liquidation proceedings for the acquired companyAnnual report
「㈱バルカーエスイーエス and VALQUA NGC,INC. are currently undergoing liquidation proceedings.」
Disclosed that VALQUA NGC,Inc., acquired under NV・S7, is currently undergoing liquidation proceedings. - FY2023AdvancedAnnual report
「The significant expansion of the advanced-industry market reflects higher production capacity through more efficient production of high-performance sealing products, changes in the product mix, and the full-year contribution from the new Taiwan plant for fluororesin specialty-tank products.」
Reported the full-year contribution of the new Taiwan plant for fluororesin specialty-tank products, noting that the strengthened supply system for specialty-tank products contributed to the expansion of results. - FY2022AdvancedAnnual report
「As part of capacity expansion, the plan to establish the supply system for high-performance sealing products was completed in the fiscal year ended March 2021, and the plan for functional resin specialty-tank products was completed in the current fiscal year, contributing to the expansion of results.」
The plan to establish the supply system for functional resin specialty-tank products related to the acquired U.S. lined-tank business was completed and contributed to the expansion of results. - FY2019-Q3Impairment of the acquired companyAnnual report
「In the functional resin products business segment, goodwill decreased by ¥368 million during the nine-month period ended Q3 as goodwill was amortized as a special loss following impairment of the shares of consolidated subsidiary VALQUA NGC,Inc.」
For VALQUA NGC, acquired as part of the overseas expansion under NV・S7, ¥368 million of goodwill was amortized following impairment of the shares. - FY2017First statedAnnual report
「Business combination date: 27 February 2017. NISSHIN GULF COAST,INC. (currently VALQUA NGC,Inc.), whose shares were acquired in this transaction, manufactures and sells lined tanks and has earned a strong reputation in the U.S. industry for its name recognition and reliability in terms of quality. We determined that acquiring its shares would enable further development of lined-tank products, one of our global products, in the U.S. market and contribute to higher enterprise value for the Group, in line with the goal of “dramatic growth in overseas markets” set out in the Seventh Medium-Term Management Plan, “New Valqua Stage Seven” (NV・S7).」
On 27 February 2017, acquired 80.03% of the voting rights in a U.S. company for ¥739 million and made its lined-tank business a consolidated subsidiary.