Expanding Business Scope Through Subsidiarization
First written in FY2016. 14 of 31 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-08-07.
- 2026-08-07Cited as achievedFinancial results presentation
「Despite the reversal of the previous fiscal year’s delivery of a major project in our standalone business, sales and profits increased as the performance of 旭サナック, which became a consolidated subsidiary in December 2025, remained solid.」
The performance of 旭サナック after it became a wholly owned subsidiary was presented as a factor behind higher sales and profits in the first quarter of the Industrial Machinery Business. - FY2026AchievedAnnual report
「December 2025: 旭サナック株式会社 (now a consolidated subsidiary) became a subsidiary through the acquisition of all issued shares」
The previously announced and planned acquisition of all shares of 旭サナック was completed on 1 December 2025, completing its conversion into a wholly owned subsidiary and the start of consolidation. - FY2026-H1AdvancedAnnual report
「On 27 October 2025, the Company entered into a share transfer agreement to acquire all shares issued by 旭サナック株式会社 (hereinafter, “旭サナック”) and make it a wholly owned subsidiary.」
An agreement was signed to acquire all shares of 旭サナック, establishing the planned date of 1 December 2025 and an acquisition voting rights ratio of 100% for its conversion into a wholly owned subsidiary. The acquisition price has not been disclosed. - FY2025AdvancedAnnual report
「SC Group Asia Co., Ltd. has been included as a consolidated subsidiary from the current consolidated fiscal year because it was newly established.」
SC Group Asia was newly established as part of the capital restructuring of the Thailand business and made a consolidated subsidiary because of effective control. Together with the consolidation of Taiwan Seika Sangyo and the conversion of Tanaka Shipbuilding into a subsidiary, this expanded the consolidated group. - FY2025-H1AdvancedAnnual report
「Taiwan Seika Sangyo Co., Ltd., which was a non-consolidated subsidiary not subject to the equity method at the end of the previous consolidated fiscal year, has been included in the scope of consolidation from the current interim consolidated accounting period because its materiality increased upon commencement of operations. In addition, Tanaka Shipbuilding Co., Ltd. has been included in the scope of consolidation from the current interim consolidated accounting period because セイカダイヤエンジン株式会社, a consolidated subsidiary of the Company, acquired its shares during the period, making it a consolidated subsidiary.」
The commencement of operations by the Taiwanese entity and the acquisition of shares in Tanaka Shipbuilding by セイカダイヤエンジン expanded the scope of consolidated subsidiaries. - FY2024-Q2RestatedAnnual report
「During the current second quarter consolidated accounting period, Takemoto Co., Ltd., formerly a consolidated subsidiary of the Company, was excluded from the scope of consolidation because the Company transferred its shares to Inoue Co., Ltd. on 3 July 2023. The beginning of the current second quarter consolidated accounting period was treated as the deemed disposal date.」
For the previously disclosed transfer of shares in Takemoto Co., Ltd., the transfer dated 3 July 2023 and its exclusion from the scope of consolidation for the second quarter were confirmed for accounting purposes. - FY2024-Q1AchievedAnnual report
「At a meeting of the Board of Directors held on 8 June 2023, the Company resolved to transfer to Inoue Co., Ltd. its shares in Takemoto Co., Ltd., a consolidated subsidiary of the Company, and completed the transfer on 3 July 2023. In connection with this share transfer, Takemoto Co., Ltd. will be excluded from the Company's consolidated subsidiaries from the second quarter onward.」
The previously decided transfer of shares in Takemoto Co., Ltd., as part of the selection and concentration of resources, was completed on 3 July 2023, confirming its exclusion from consolidation from the second quarter onward. 18,000 shares will be transferred, leaving 2,000 shares held. - FY2024-Q1AdvancedAnnual report
「As their materiality increased from the current first quarter consolidated accounting period, SEIKA SANGYO (VIETNAM) COMPANY LIMITED and NDV (Thailand) Co., Ltd. have been included in the scope of consolidation.」
The Vietnamese and Thai entities were added to the scope of consolidation because of their increased materiality, expanding the overseas subsidiaries included in consolidation. - FY2023Selection and concentration through the transfer of a subsidiaryAnnual report
「The Company has been pursuing the selection and concentration of management resources and, as part of this effort, decided to transfer its shares in its subsidiary Takemoto Co., Ltd.」
Following the decision to transfer the shares after the filing date, 18,000 shares of Takemoto Co., Ltd. will be transferred, and the company is scheduled to be excluded from the consolidated subsidiaries from the second quarter of the fiscal year ending March 2024. - FY2023AdvancedAnnual report
「Acquisition of shares in TVE Co., Ltd. (making it an equity-method affiliate)」
Additional shares in TVE Co., Ltd. were acquired, and the company became an equity-method affiliate from the current consolidated fiscal year. - FY2022AdvancedAnnual report
「Effective 1 January 2022, Tsurumi(Europe)GmbH acquired an additional 20% of the shares of Marine Motors & Pumps N.V. As a result, its ownership interest in Marine Motors & Pumps N.V. increased from 76% to 95%.」
The additional acquisition of a 20% stake in Marine Motors & Pumps by Tsurumi Europe increased the ownership interest from 76% to 95%. - FY2022-Q3RestatedAnnual report
「In addition to the contribution from sales at セイカダイヤエンジン㈱, which handles marine engines and became a consolidated subsidiary in the previous fiscal year, strong performance at 敷島機器 resulted in revenue of ¥15,347 million, up 125.1% year on year, and segment profit of ¥280 million, up 646.1%.」
The contribution from sales at セイカダイヤエンジン, which became a subsidiary in the previous fiscal year, and strong performance at 敷島機器 continued to contribute to higher revenue and profit in the Chemicals and Energy segment for the cumulative third quarter. - FY2022-Q2RestatedAnnual report
「Sales from セイカダイヤエンジン㈱, which handles marine engines and became a consolidated subsidiary in the previous fiscal year, contributed to revenue of ¥10,553 million, up 116.6% year on year, and segment profit of ¥200 million, up 351.6%.」
The contribution from sales at セイカダイヤエンジン, which became a subsidiary in the previous fiscal year, continued into the first half and contributed to higher revenue and profit in the Chemicals and Energy segment. - FY2022-Q1AdvancedAnnual report
「Sales from セイカダイヤエンジン㈱, which became a consolidated subsidiary in the previous fiscal year, contributed to revenue, which totaled ¥5,167 million, up 86.7% year on year.」
Sales from セイカダイヤエンジン, which became a subsidiary in the previous fiscal year, contributed to the Chemicals and Energy segment, which reported an 86.7% year-on-year increase in revenue. - FY2021-Q3AdvancedAnnual report
「From the third-quarter consolidated accounting period, the company was included in the scope of consolidation because all of the shares of セイカダイヤエンジン株式会社 were acquired.」
セイカダイヤエンジン株式会社 was made a subsidiary through the acquisition of all its shares on 1 October 2020 and included in the scope of consolidation from the third quarter. Goodwill of ¥531 million was recognized in connection with the acquisition and will be amortized on a straight-line basis over 5 years. - FY2021-Q2AdvancedAnnual report
「Regarding the share transfer agreement for the acquisition of the marine engine sales and service business of Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (hereinafter, "MHIET") and its subsidiary Mitsubishi Heavy Industries Engine Systems Co., Ltd. (hereinafter, "MHIES"), which was approved at a meeting of the Board of Directors held on 9 June 2020, we completed the acquisition of shares in the company established for the acquisition of that business on 1 October 2020 and made it a subsidiary.」
The company established to acquire the marine engine sales and service business became a 100%-owned subsidiary on 1 October 2020, advancing the expansion of business areas through a subsidiary. - FY2021-Q1AdvancedAnnual report
「From the first-quarter consolidated accounting period, both companies were included in the scope of consolidation because our consolidated subsidiary Tsurumi (Europe) GmbH acquired an 80% stake in Obart Pumps (Holdings) Limited, which owns 100% of the shares of Obart Pumps Limited.」
Following Tsurumi Europe's acquisition of an 80% stake in Obart Pumps Holdings, the company and Obart Pumps were included in the scope of consolidation from the first quarter. - FY2020AdvancedAnnual report
「January 2020: Obart Pumps (Holdings) Limited, now a consolidated subsidiary, and Obart Pumps Limited, now a consolidated subsidiary, were made subsidiaries through the acquisition of shares by the local entity Tsurumi (Europe) GmbH.」
Shares in the Obart Pumps group were acquired through Tsurumi Europe in January 2020, expanding the structure of the overseas subsidiaries. - FY2020-Q3RestatedAnnual report
「In addition to higher sales of equipment related to lithium-ion batteries, strong performance by the consolidated subsidiary 日本ダイヤバルブ株式会社 resulted in revenue of ¥3,516.4 million, up 19.0% year on year, and segment profit of ¥109.5 million, up 15.9%.」
The company continued to explain that the consolidated subsidiary 日本ダイヤバルブ was performing strongly. - FY2020-Q2RestatedAnnual report
「Although sales of equipment related to lithium-ion batteries declined, strong performance by the consolidated subsidiary 日本ダイヤバルブ株式会社 resulted in revenue of ¥2,045.6 million, down 2.1% year on year, and segment profit of ¥52.4 million, down 1.1%.」
The company continued to explain that 日本ダイヤバルブ was performing strongly. However, the Industrial Machinery Business posted slight declines in revenue and profit due to lower sales of equipment related to lithium-ion batteries. - FY2020-Q1RestatedAnnual report
「Although the performance of the consolidated subsidiary 日本ダイヤバルブ株式会社 remained steady, lower sales of equipment related to lithium-ion batteries and other products resulted in revenue of ¥814.1 million, down 9.6% year on year, and segment profit of ¥6.1 million, down 57.0%.」
The company continued to explain that the subsidiary 日本ダイヤバルブ was performing steadily, while the Industrial Machinery Business as a whole reported lower revenue and profit due to lower sales of related equipment and other products. - FY2019-Q2RestatedAnnual report
「Although the performance of the consolidated subsidiary 日本ダイヤバルブ株式会社 remained steady, deliveries of equipment related to lithium-ion batteries were concentrated in the second half. As a result, revenue was ¥2,089.1 million, down 7.5% year on year, and segment profit was ¥53.0 million, down 34.6%.」
Although the performance of the subsidiary 日本ダイヤバルブ was described as steady, the Industrial Machinery Business as a whole reported lower revenue and profit because deliveries of equipment related to lithium-ion batteries were concentrated in the second half. - FY2018-Q3RestatedAnnual report
「In addition to steady deliveries of equipment related to lithium-ion batteries, the performance of the subsidiary 日本ダイヤバルブ㈱ contributed. As a result, revenue was ¥3,511.6 million, up 5.7% year on year, and segment profit was ¥118.0 million, up 22.3%.」
The contribution from the subsidiary 日本ダイヤバルブ continued through the cumulative third quarter. - FY2018-Q2RestatedAnnual report
「Although the performance of the subsidiary 敷島機器㈱ remained steady, there were no deliveries of newly constructed power generation facilities for general industries during the cumulative second-quarter consolidated period, and deliveries of periodic inspection work for power generation companies also declined. As a result, revenue was ¥1,415.1 million, down 37.4% year on year, and segment profit was ¥37.9 million, down 47.6%.」
The performance of 敷島機器, which was made a subsidiary, was described as steady, and its contribution to consolidated results continued. However, the Chemical and Energy Business as a whole reported lower revenue and profit due to fewer deliveries of newly constructed power generation facilities and periodic inspection work. - FY2017AdvancedAnnual report
「As their materiality increased during the consolidated fiscal year, Seika Sangyo (Thailand) Co., Ltd., previously a non-consolidated subsidiary outside the scope of the equity method, and 天津泰雅閥門有限公司 were each included as consolidated subsidiaries.」
The Thai sales subsidiary and the Tianjin subsidiary became subject to consolidation as their materiality increased, expanding the scope of consolidated Group companies. - FY2017-Q3RestatedAnnual report
「Sales contributed by newly constructed power generation facilities for paper manufacturers and repair work for general industries, together with the newly consolidated results of 敷島機器㈱ from the second-quarter consolidated accounting period following its acquisition as a subsidiary, resulted in revenue of ¥2,824.9 million, up 53.1% year on year, and segment profit of ¥85.5 million, up 175.7%.」
The consolidated results continued to include the results of 敷島機器 from the second quarter, reiterating its contribution to higher revenue and profit in the Chemical and Energy Business. - FY2017-Q2AdvancedAnnual report
「Sales contributed by the delivery of newly constructed power generation facilities for paper manufacturers and other projects, together with the newly consolidated results of 敷島機器㈱ from the second-quarter consolidated accounting period following its acquisition as a subsidiary, resulted in revenue of ¥2,260.2 million, up 64.9% year on year, and segment profit of ¥72.5 million, up 282.7%.」
The results of 敷島機器, which was made a subsidiary, were reflected in consolidated results from the second quarter, contributing to higher revenue and profit in the Chemical and Energy Business. - FY2016First statedAnnual report
「At the end of March this year, we made a trading company handling land and marine engines and other products a subsidiary. We aim to generate synergies and improve profitability as a result.」
敷島機器 was made a subsidiary through the acquisition of all its shares, and synergies with the sales base in Hokkaido are expected.