Expansion of the Kanto Maintenance Business and Sales Channels through the Acquisition of 協立電機工業
First written in FY2020-Q1. 3 of 6 entries say "Restated". Latest entry: FY2021-Q3.
No other company in this theme has enough history to compare yet.
- FY2021-Q3AdvancedAnnual report
「In addition, the results of 協立電機工業株式会社, which became a subsidiary through M&A in the second quarter of the previous fiscal year, were reflected from the beginning of the current fiscal year, and the resulting incremental contribution supported solid performance. As a result, revenue in the Environment and Energy Business for the nine months ended the third quarter was ¥2,653 million, up 19.1% year on year, and segment profit was ¥118 million, up 40.7%.」
The company explained that reflecting 協立電機工業's results from the beginning of the current fiscal year and the incremental contribution from the M&A supported increases in revenue and segment profit in the Environment and Energy Business. - FY2021-Q2RestatedAnnual report
「In addition, the results of 協立電機工業株式会社, which was made a subsidiary from the second quarter of the previous fiscal year, were added to the results, and overall performance continued to be strong.」
The company continued to explain that 協立電機工業's results after becoming a subsidiary were added to the Environment and Energy Business and contributed to overall solid performance. - FY2021-Q1RestatedAnnual report
「In addition to progress on seawall construction carried over from the previous fiscal year, the results of 協立電機工業株式会社, which was made a subsidiary at the end of the second quarter of the previous fiscal year, also continued to perform solidly.」
The company stated that 協立電機工業's results continued to perform solidly after it was made a subsidiary. - FY2020-Q3RestatedAnnual report
「In addition to the solid sales performance of environment-related equipment, including water-treatment equipment and ozone systems, the acquisition of 協立電機工業 generated M&A benefits, allowing revenue to continue to perform well.」
The company continued to explain that the benefits of acquiring 協立電機工業 contributed to the solid performance of revenue in the Environment and Energy Business. - FY2020-Q2AdvancedAnnual report
「At 協立電機工業株式会社, which the company made a subsidiary by acquiring all shares in December 2019, the business continued to perform solidly after the acquisition, and its results contributed to strengthening the Group's operating base.」
The company explained that 協立電機工業's business continued to perform solidly after all shares were acquired and the company was made a subsidiary, contributing to strengthening the Group's operating base. - FY2020-Q1AchievedAnnual report
「協立電機工業株式会社, the target of the current share acquisition, has provided trusted services to many manufacturers in Japan over its long operating history and has maintained stable business relationships with major customers across a broad range of equipment maintenance and repair services, including motor coils, above-ground pumps and submersible pumps. It is also a highly profitable company whose strength lies in its technical capabilities in equipment maintenance and repair, with an operating margin of 26.4% and an ordinary profit margin of 27.3% for the fiscal year ended December 2018. Accordingly, the company entered into a share transfer agreement because the acquisition is expected to facilitate the stabilization of 協立電機工業's financial base and expansion of its workforce, strengthen the business base through technical exchanges and collaboration with the Group, further improve technical capabilities and expand sales channels, and generate synergies such as increased orders for equipment maintenance and repair projects in the Kanto region.」
All shares were acquired and the company was made a subsidiary on 3 December 2019. With approximately 200 customers and an operating margin of 26.4% and ordinary profit margin of 27.3% for the fiscal year ended December 2018, the acquisition is expected to expand maintenance projects, technical capabilities and sales channels in the Kanto region.