Kansai and Major Metropolitan Areas Strategy Through the Acquisition of エース証券
First written in FY2021. 3 of 5 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2023-Q1.
0 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「Tokai Tokyo Securities Co., Ltd., a wholly owned subsidiary of the company, and Ace Securities Co., Ltd. merged on 1 May, with Tokai Tokyo Securities as the surviving company. System integration was also completed successfully, and operations have proceeded smoothly since then.」
The planned merger of Tokai Tokyo Securities and Ace Securities was completed on 1 May, and system integration was also completed. - FY2022-Q3AdvancedAnnual report
「Regarding M&A of peer companies, which was identified as one of the initiatives under the medium-term management plan, the company made Ace Securities Co., Ltd. a wholly owned subsidiary in May and discussed an absorption-type merger between Tokai Tokyo Securities and Ace Securities, with Tokai Tokyo Securities as the surviving company and Ace Securities as the dissolving company. The company resolved to carry out the merger, with 1 May 2022 (scheduled) as the effective date.」
Regarding Ace Securities, the company progressed from discussions on an absorption-type merger after making it a wholly owned subsidiary to a resolution to conduct the merger, with 1 May 2022 as the scheduled date. - FY2022-Q2AdvancedAnnual report
「Regarding M&A of peer companies, which was identified as one of the initiatives under the medium-term management plan, the company made Ace Securities Co., Ltd. a wholly owned subsidiary in May and had been discussing an absorption-type merger between Tokai Tokyo Securities and Ace Securities, with Tokai Tokyo Securities as the surviving company and Ace Securities as the dissolving company. The company resolved to carry out the merger, with 1 May 2022 (scheduled) as the effective date. It will continue working to further expand and strengthen its sales base in the Kansai region and generate business synergies.」
Regarding Ace Securities, the company progressed from discussions on an absorption-type merger after making it a wholly owned subsidiary to a resolution to conduct the merger, with 1 May 2022 as the scheduled date. - FY2022-Q1AdvancedAnnual report
「Regarding M&A of peer companies, which was identified as one of the initiatives under the medium-term management plan, the company made Ace Securities Co., Ltd. a wholly owned subsidiary in May, following Takagi Securities Co., Ltd., which merged with Tokai Tokyo Securities in September 2019. In conjunction with making Ace Securities a wholly owned subsidiary, Tokai Tokyo Securities and Ace Securities began discussions toward an absorption-type merger, with Tokai Tokyo Securities as the surviving company and Ace Securities as the dissolving company, during the first half of fiscal 2022 (scheduled). The company will work to generate business synergies in parallel with the integration discussions in order to further expand and strengthen its sales base in the Kansai region.」
After making Ace Securities a wholly owned subsidiary, the company progressed to discussions on an absorption-type merger scheduled for the first half of fiscal 2022, with Tokai Tokyo Securities as the surviving company, and began working to expand and strengthen its sales base in Kansai and generate business synergies. - FY2021First statedAnnual report
「In March 2021, the company completed its tender offer for Ace Securities Co., Ltd., and Ace Securities and its subsidiary Maruhachi Securities Co., Ltd. became consolidated subsidiaries of the company on 16 April. Ace Securities became a wholly owned subsidiary of the company on 31 May.」
The company completed the tender offer for Ace Securities, making it a consolidated subsidiary on 16 April 2021 and a wholly owned subsidiary on 31 May. The transaction was described as aligned with the medium-term management plan's themes of peer M&A and major metropolitan areas.