Expansion of the construction equipment parts and agricultural machinery businesses through the acquisition of 東日興産 as a subsidiary
First written in FY2018. 4 of 5 entries say "Restated". Latest entry: FY2019.
2 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「東日興産株式会社 has been engaged in the wholesale business for construction and agricultural machinery parts for 60 years and currently has a business track record with more than 5,000 delivery destinations.」
The annual report details the acquisition's objectives following 東日興産's conversion into a subsidiary, including expanding overseas sourcing channels for construction equipment parts, new business partners, agricultural machinery sales and leasing, and the logistics network. - FY2019-Q3RestatedAnnual report
「In the construction equipment business segment, the Company acquired the shares of 東日興産株式会社 and made it a consolidated subsidiary from the first quarter of the current consolidated fiscal year. The amount of goodwill generated by this transaction was ¥2,748 million.」
The third-quarter segment information again confirms 東日興産's conversion into a subsidiary, its consolidation from the first quarter and the generation of ¥2,748 million in goodwill. - FY2019-Q2RestatedAnnual report
「In the construction equipment business segment, the Company acquired the shares of 東日興産株式会社 and made it a consolidated subsidiary from the first quarter of the current consolidated fiscal year. The amount of goodwill generated by this transaction was ¥2,748 million.」
The second-quarter segment information also confirms 東日興産's conversion into a subsidiary, its consolidation from the first quarter and the generation of ¥2,748 million in goodwill. No new acquisition or realization of synergies is mentioned. - FY2019-Q1RestatedAnnual report
「In connection with the acquisition of the shares of 東日興産株式会社 and its conversion into a subsidiary on 20 March 2018, the Company has included the company in the scope of consolidation from the first quarter of the current consolidated fiscal year.」
Following completion of the acquisition of 東日興産, the company has been included in the scope of consolidation from the current quarter. The acquisition increased the number of employees by 94 and generated goodwill of ¥2,748 million, but the realization of synergies itself is not mentioned. - FY2018First statedAnnual report
「At a meeting of the Board of Directors held on 26 February 2018, the Company resolved to acquire the shares of 東日興産株式会社 and make it a subsidiary. The Company entered into a share transfer agreement on the same date and completed the share acquisition on 20 March 2018. [Excerpt] ① Expansion of overseas sourcing channels for construction equipment parts ② Expansion of new business relationships with repair companies, manufacturer-affiliated dealers and others ③ Entry into the agricultural machinery sales and leasing business by leveraging 東日興産株式会社's existing channels ④ Expansion of the logistics network in areas outside Kansai ⑤ Acquisition of operational expertise and business systems for handling a wide range of products Ownership interest after acquisition: 80%」
The acquisition of 東日興産 was completed on 20 March 2018, with the aim of expanding overseas sourcing of construction equipment parts, business partners and the logistics network, and entering the agricultural machinery sales and leasing businesses.