Strengthening earnings power and engineering capabilities through full subsidiary acquisitions via M&A
First written in FY2017-Q3. 3 of 7 entries say "Advanced", first in FY2020. Latest entry: FY2026.
Yuasa moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The Company had recognized goodwill based on excess earning power when acquiring the shares of its consolidated subsidiary HENKO(S) PTE.LTD. and 3 other companies. However, because the earnings initially anticipated were no longer expected to be generated during the current consolidated fiscal year, the full unamortized balance of the goodwill was recognized as an impairment loss under extraordinary losses.」
Regarding growth investment through M&A, the Company fully impaired goodwill totaling ¥183 million for HENKO(S) and 3 other companies because the initially anticipated earnings were no longer expected to be generated. - FY2024WorsenedAnnual report
「The Company had recognized goodwill based on excess earning power when acquiring the shares of its consolidated subsidiaries 高千穂 and 中川金属. However, because the earnings initially anticipated were no longer expected to be generated during the current consolidated fiscal year and impairment indicators were identified, with impairment losses deemed necessary, the Company recognized impairment losses.」
For 高千穂 and 中川金属, which became subsidiaries through M&A, the initially anticipated earnings were no longer expected to be generated, and the Company recognized impairment losses totaling ¥278 million on goodwill. - FY2021-Q3AdvancedAnnual report
「Under the Core Business Strategy, the Group sought to strengthen itself by making 4 companies wholly owned subsidiaries: 株式会社丸建サービス and 丸建商事株式会社 in October 2020, followed by 中川金属株式会社 and 永井産業株式会社 in December 2020, with the aim of further expanding and enhancing its existing core business areas.」
Following the acquisition of 丸建サービス and 丸建商事 in October 2020, the Group made 中川金属 and 永井産業 wholly owned subsidiaries in December 2020, advancing the strengthening of its core business through a total of 4 companies. - FY2021-Q2AdvancedAnnual report
「On 1 October 2020, the Company acquired part of the shares of 株式会社丸建サービス, and that company and its subsidiary, 丸建商事株式会社, became consolidated subsidiaries of the Company.」
Regarding the strengthening of business areas and capabilities through M&A, 株式会社丸建サービス and its subsidiary, 丸建商事株式会社, became consolidated subsidiaries on 1 October 2020. - FY2020AdvancedAnnual report
「As part of its capability-enhancement initiatives, the Company made 富士クオリティハウス株式会社, which manufactures and sells prefabricated temporary buildings such as container houses, and 株式会社高千穂, which undertakes renovation work mainly in Kanagawa Prefecture, its subsidiaries.」
Regarding the strengthening of earnings power and capabilities through full subsidiary acquisitions via M&A, the disclosure described concrete progress in making 富士クオリティハウス and 高千穂 subsidiaries. - FY2018RestatedAnnual report
「The company is actively considering measures to strengthen core business functions, realize synergies and enhance the competitiveness of growth businesses.」
The Company continues to pursue a policy of actively considering M&A as a means of strengthening its core and growth businesses. - FY2017-Q3First statedAnnual report
「To expand its business domains based on its growth strategy and strengthen its core businesses, the company newly made 3 companies wholly owned subsidiaries through M&A, and worked to strengthen the Group’s management foundation and competitiveness by expanding earnings capacity and strengthening engineering functions.」
The initiative to acquire 3 new wholly owned subsidiaries through M&A and advance the expansion of earnings power and the strengthening of engineering capabilities was explicitly identified as a specific means of implementing the Group's growth strategy.