Capital and Business Alliance with Daiwa House Industry and Kyoritsu Maintenance
First written in FY2024-Q3. 2 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AdvancedAnnual report
「Based on a resolution of the board of directors meeting held on 11 January 2024, the Company entered into a three-party capital and business alliance agreement on the same date with Daiwa House Industry Co., Ltd. and Kyoritsu Maintenance Co., Ltd. The agreement aims to promote synergies through business alliances among the respective groups and enhance their corporate value.」
The three-party capital and business alliance continued to be disclosed in the annual report, formalising the Company's relationship as an equity-method affiliate of both companies and the creation of synergies through the business alliance. - FY2024AdvancedAnnual report
「Based on a resolution of the board of directors meeting held on 11 January 2024, the Company entered into a three-party capital and business alliance agreement on the same date with Daiwa House Industry Co., Ltd. and Kyoritsu Maintenance Co., Ltd. The agreement aims to promote synergies through business alliances among the respective groups and enhance their corporate value.」
The three-party capital and business alliance agreement with Daiwa House Industry and Kyoritsu Maintenance, which had been planned as of the previous quarter, was signed on 11 January 2024, and the Company became an equity-method affiliate of both companies effective 26 February. - FY2024-Q3First statedAnnual report
「Kyoritsu Maintenance will acquire the Company's common shares held by Daiwa House Industry, making the Company an affiliate of both Daiwa House Industry and Kyoritsu Maintenance. The purpose is to respect the Company's autonomy while achieving its growth strategy, promote synergies through business alliances among the Daiwa House Group, the Company Group and the Kyoritsu Maintenance Group, and enhance the corporate value of each group. Of the 21,428,616 common shares in the Company held by Daiwa House Industry, 8,480,000 shares will be transferred to Kyoritsu Maintenance, which will acquire the shares. As a result, Daiwa House Industry will hold 38.25% of the voting rights of all shareholders in the Company, while Kyoritsu Maintenance will hold 25.05%.」
On 11 January 2024, the Company entered into a capital and business alliance agreement with Daiwa House Industry and Kyoritsu Maintenance, with the alliance scheduled to begin on 26 February 2024. The initial disclosure described the formation of a shareholder structure under which the Company would become an affiliate of both companies through the transfer of shares from Daiwa House Industry to Kyoritsu Maintenance, as well as plans for joint businesses combining the hotel, dormitory and senior-lifestyle businesses with the Company's real estate development capabilities, personnel exchanges and information sharing.