Expansion of the disaster prevention business through a capital and business alliance with Nippon FenoLL
First written in FY2024. 1 of 2 entries say "Achieved", first in FY2025-H1. Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1AchievedAnnual report
「Because we additionally acquired shares of Fenwal Controls of Japan,Ltd. during the interim consolidated accounting period, the company became an affiliate and was included in the scope of equity-method application from the interim consolidated accounting period.」
Regarding the capital and business alliance with Fenwal Controls of Japan,Ltd. planned for FY2024, the company additionally acquired shares and completed the conversion to an equity-method affiliate. - FY2024First statedAnnual report
「We will enter into a capital and business alliance with Fenwal Controls of Japan,Ltd., which has high technical capabilities in manufacturing fire-extinguishing equipment, with the aim of building an even closer relationship and expanding the business by leveraging our sales capabilities and the company’s diverse product lineup.」
On 7 June 2024, the company entered into a share transfer agreement and a capital and business alliance agreement, and presented plans to acquire 1,070,400 shares, raising its voting interest from 4.42% to 23.34% and making the company an equity-method affiliate. The acquisition price was ¥1.805 billion, and the acquisition was scheduled to be completed in June 2024.