Expansion of the major renovation business in the Tokyo metropolitan area through the acquisition of フリー・ステアーズ as a wholly owned subsidiary
First written in FY2020-Q3. 2 of 7 entries say "Restated". Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024Cited as achievedAnnual report
「In April 2020, the Company acquired 株式会社フリー・ステアーズ, a contractor specializing in major condominium renovation work.」
The acquisition of フリー・ステアーズ has been restated as a past M&A investment. - FY2021WorsenedAnnual report
「After carefully considering the future recoverability of 株式会社フリー・ステアーズ in light of declining profitability due to the impact of COVID-19 and other factors, the Company determined that its value had been impaired and recorded an impairment loss of ¥639 million as an extraordinary loss.」
Following the acquisition of the company as a wholly owned subsidiary, the major renovation business experienced declining profitability and impairment of corporate value due to the impact of infectious diseases and other factors. - FY2021-Q3RestatedAnnual report
「During the first-quarter consolidated accounting period, the Company newly acquired shares of 株式会社フリー・ステアーズ and included the company in the scope of consolidation. As the deemed acquisition date was 30 June 2020, the balance sheet only was consolidated for the first-quarter consolidated accounting period, and the income statement was consolidated from the second-quarter consolidated accounting period.」
The Company reaffirmed the acquisition and consolidation of フリー・ステアーズ and the inclusion of its income statement from the second-quarter consolidated accounting period. No new acquisition milestone was disclosed. - FY2021-Q2AdvancedAnnual report
「During the first-quarter consolidated accounting period, the Company newly acquired shares of 株式会社フリー・ステアーズ and included the company in the scope of consolidation. As the deemed acquisition date was 30 June 2020, the balance sheet only was consolidated for the first-quarter consolidated accounting period, and the income statement was consolidated from the second-quarter consolidated accounting period.」
With respect to the acquisition of フリー・ステアーズ as a wholly owned subsidiary, the Company began consolidating its income statement from the second-quarter consolidated accounting period and moved to the stage of reflecting the acquisition's effects in consolidated results. - FY2021-Q1RestatedAnnual report
「At the annual general meeting of shareholders held on 20 January 2020, the Company resolved to acquire all shares of 株式会社フリー・ステアーズ and make it a subsidiary, entered into a share transfer agreement on the same date, and acquired all shares on 1 April 2020.」
The Company reaffirmed the acquisition of all shares of フリー・ステアーズ and its conversion into a wholly owned subsidiary, and included the company in the scope of consolidation from the end of the first-quarter consolidated accounting period. As the deemed acquisition date was 30 June, the company's results were not included in the income statement. - FY2020AchievedAnnual report
「At the annual general meeting of shareholders held on 20 January 2020, the Company resolved to acquire all shares of 株式会社フリー・ステアーズ and make it a subsidiary, entered into a share transfer agreement on the same date, and acquired all shares on 1 April 2020.」
On 1 April 2020, the Company acquired all shares of フリー・ステアーズ and completed the acquisition of the company as a wholly owned subsidiary. The acquisition consideration was ¥550 million, and the voting rights ratio after acquisition was 100%. - FY2020-Q3First statedAnnual report
「株式会社フリー・ステアーズ primarily undertakes major renovation work for condominiums, centered on waterproofing and painting, mainly in the Tokyo metropolitan area. We decided to acquire its shares because the resulting synergies with our condominium water supply and drainage pipe renewal and rehabilitation business are expected to strengthen our business base and support further growth. Acquisition date: 1 April 2020 (scheduled); number of shares to be acquired: 2,000; ownership interest after acquisition: 100%.」
At a Board of Directors meeting held on 20 January 2020, the Company resolved to acquire shares in 株式会社フリー・ステアーズ, which undertakes major condominium renovation work mainly in the Tokyo metropolitan area, and make it a subsidiary. The scheduled date was 1 April 2020, the ownership interest after acquisition was planned to be 100%, and the purchase price was to be funded with internal funds.