Pursuing M&A Targeting New Business Areas and Value-Added Capabilities

「During the current interim consolidated accounting period, Green Cycle Co., Ltd. became an associate following the additional acquisition of its shares and the dispatch of directors, and has therefore been included in the scope of equity-method accounting from the current interim consolidated accounting period.」

「During the current interim consolidated accounting period, Green Cycle Co., Ltd. became an associate following the additional acquisition of its shares and the dispatch of directors, and has therefore been included in the scope of equity-method accounting from the current interim consolidated accounting period.」

「当第1四半期連結会計期間中にグリーンサイクル株式会社の株式の追加取得に伴い取締役を派遣したことにより、関連会社に該当することとなったため、当第1四半期連結会計期間より持分法適用の範囲に含めております。」

「At a meeting of the Board of Directors held on 14 May 2026, the company resolved that its consolidated subsidiary 岩水開発株式会社 would acquire the ground engineering technology business from 株式会社JFDエンジニアリング. On the same date, 岩水開発 entered into a business transfer agreement.」

「Alongside the expansion and growth of existing businesses, particularly in strategic areas, the company pursued M&A involving サンワホールディングス and sought to achieve profit growth together with revenue growth.」

「On 2 June 2023, the company acquired all shares of 岩水開発株式会社 (hereinafter, “岩水開発”), making it a subsidiary. / Voting rights acquired: 100% / Consideration paid: cash and deposits, ¥5,000 million」

「During the consolidated fiscal year, the company acquired all shares of 新エネルギー流通システム株式会社 and 株式会社信防エディックス, making both companies consolidated subsidiaries.」

「At a meeting of the Board of Directors held on 14 November 2022, the company resolved to acquire all shares of 新エネルギー流通システム株式会社 and make it a consolidated subsidiary. At a meeting of the Board of Directors held on 14 November 2022, the company resolved to acquire all shares of 株式会社信防エディックス and make it a consolidated subsidiary.」

「Under “Sustena X (Cross),” the company will carry forward the direction of “Sustena 2020” and pursue the following 3 strategies as key priorities.」

「On 1 October 2019, the company acquired all shares of 株式会社レスト, making it a consolidated subsidiary.」

「No M&A transactions had reached the disclosure stage by the end of the consolidated accounting period, but we continue to identify new opportunities and actively pursue initiatives aimed at sustainable growth.」

「Through the current fiscal year, the company continued to focus on PMI for the 2 companies acquired and made subsidiaries by the fiscal year before last, while continuously strengthening internal controls and selecting new projects, and actively pursued initiatives for sustainable growth. Effective 1 April 2018, ハイランドテクノ㈱ absorbed Tメディカルパッケージ㈱ in a merger and changed its corporate name to ハイランドＭＰ㈱.」

「During the current fiscal year, we focused on PMI, or post-M&A integration, for the 2 companies acquired and made subsidiaries by the previous fiscal year, and completed the establishment of systems to support sustainable growth and strengthen internal controls. From the current period onward, we will actively work to select and develop new projects.」

「We will actively pursue M&A to expand into new business areas and strengthen value-added capabilities, thereby advancing the transformation of our business portfolio. Following M&A transactions, we will focus on effective integration and work to generate synergies across the Group at an early stage.」