Implementing M&A transactions totaling ¥20 billion or more over the next five years
First written in FY2018. 3 of 5 entries say "Advanced", first in FY2019. Latest entry: FY2023.
- FY2023SoftenedAnnual report
「We will reinvest the funds recovered from the hotel disposals in expanding the business through hotel development, including M&A, primarily under the Tabino Hotel brand and through condominium hotels sold to individual owners.」
The individual numerical target of M&A of ¥20 billion or more over the next 5 years was not reiterated in this filing, and M&A was described as one means of reinvesting in hotel development. - FY2022-Q1AdvancedAnnual report
「From the first quarter of the current fiscal year, 株式会社ホテル大佐渡, newly acquired by the consolidated subsidiaries サンフロンティアホテルマネジメント株式会社 and サンフロティア佐渡株式会社, has been included in the scope of consolidation.」
As part of efforts to expand its business platform through M&A, the company acquired 株式会社ホテル大佐渡 and made it a consolidated subsidiary. - FY2020-Q1AdvancedAnnual report
「From the first quarter of the current fiscal year, サンフロンティアスペースマネジメント株式会社, newly established through a company split, and 株式会社佐渡日和, newly acquired, have been included in the scope of consolidation.」
In relation to the target of conducting M&A of ¥20 billion or more by FY2023, the company newly acquired 株式会社佐渡日和 and included it in the scope of consolidation. - FY2019AdvancedAnnual report
「● Conduct M&A of ¥20 billion or more by FY2023. Actively use M&A of peripheral businesses, including construction, facilities, serviced meeting rooms and hotel operations, as a means of driving growth in the office building and hotel businesses.」
While maintaining the target of conducting M&A of ¥20 billion or more by FY2023, the company completed multiple acquisitions related to hotel development, construction, passenger transportation and staffing services. - FY2018First statedAnnual report
「● Conduct M&A of ¥20 billion or more over the next 5 years」
To drive growth in the office building and hotel businesses, the company has for the first time explicitly stated a target of conducting M&A of ¥20 billion or more over the next 5 years, targeting peripheral businesses such as construction, facilities, serviced meeting rooms and hotel operations.