Expanding the market through acquisitions and creating an IoT business
First written in FY2019. 3 of 6 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023RestatedAnnual report
「For strategic business areas and important areas in building the value chain, the company will also consider M&A and capital investments as options.」
The company continues to consider expanding its market, product range and value chain through M&A and capital investments as options in its growth strategy. - FY2022-Q2AdvancedAnnual report
「Kikuden, which became a sub-subsidiary in October 2019 (KDIGM is its asset management company), is a trading company primarily engaged in importing heavy electrical equipment. Its products and customer base have strong synergies with the company's power business and will help strengthen the growth strategies set out in the medium-term management plan formulated this fiscal year: “Expanding initiatives addressing the global environment and the energy mix,” “Continuing to create new businesses,” and “Further expanding global business.”」
Post-acquisition business integration involving Kikuden and other companies has been implemented through an absorption-type merger, giving concrete form to strengthening the growth strategy by leveraging synergies with the power business. - FY2021-Q3AdvancedAnnual report
「Kikuden, which became a sub-subsidiary in October 2019 (KDIGM is its asset management company), is a trading company primarily engaged in importing heavy electrical equipment. Its products and customer base have strong synergies with the company's power business and will help strengthen the growth strategies set out in the medium-term management plan formulated this fiscal year: “Expanding initiatives addressing the global environment and the energy mix,” “Continuing to create new businesses,” and “Further expanding global business.”」
The company decided to carry out an absorption-type merger of Kikuden and other acquired companies to generate synergies from their products and customers and consolidate management resources, giving concrete form to post-acquisition business integration. - FY2021-Q2AdvancedAnnual report
「The main uses of funds were ¥1.608 billion for the acquisition of property, plant and equipment and ¥199 million in payments for contingent acquisition consideration for shares of subsidiaries.」
The company disclosed a ¥199 million payment for contingent acquisition consideration for shares of a subsidiary, described as relating to acquisitions and business investment. - FY2020RaisedAnnual report
「In parallel with the above businesses, the company will develop new businesses outside its existing areas, including expanding its market and product range through acquisitions.」
The company has specified that the purpose of acquisitions includes expanding its product range in addition to expanding its market. - FY2019First statedAnnual report
「In parallel, the company will develop new businesses unconstrained by its existing framework, including creating businesses using IoT and expanding its market through acquisitions.」
The company has specified for the first time that creating IoT-based businesses and expanding its market through acquisitions are specific means of developing new businesses.