Synergies from the air-conditioning maintenance business in Singapore
First written in FY2016. 6 of 10 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023WorsenedAnnual report
「Republic of Singapore Stores Leasehold assets, etc. 18,906」
The company recognized an impairment loss of ¥18.906 million on store-related assets in Singapore, as profitability in its overseas facilities operations and maintenance-related business continued to deteriorate. - FY2021WorsenedAnnual report
「Following a review of the business environment and future outlook, the company recognized the full amount of goodwill as an impairment loss during the current consolidated fiscal year.」
The full amount of goodwill arising from the acquisition of the Singapore air-conditioning installation company was recognized as an impairment loss following a review of the business environment and future outlook. - FY2020AdvancedAnnual report
「SINGAPORE BIKEN PTE.LTD., a consolidated subsidiary of the company, acquired all issued shares of Leong Hum Engineering PTE.LTD. on 5 June 2020, making it a subsidiary. Leong Hum Engineering PTE.LTD. is engaged in air-conditioning installation and related businesses in Singapore. The primary reason for the business combination was to expand SINGAPORE BIKEN PTE.LTD.'s facility management operations in Singapore.」
The acquisition of all shares of an air-conditioning installation company aimed at expanding facility management operations in Singapore was completed on 5 June 2020. - FY2020-Q3AdvancedAnnual report
「Subsequently, during the third quarter of the current consolidated fiscal year, the company acquired an additional 29% of the voting rights.」
The additional 29% acquisition of AQUATIC MAINTENANCE SERVICES PTE.LTD., aimed at expanding the company's facility management-related business in Singapore, has been completed. - FY2020-Q2AdvancedAnnual report
「SINGAPORE BIKEN PTE.LTD., a consolidated subsidiary of the Company, resolved to acquire all shares of LEONG HUM ENGINEERING PTE.LTD., which operates an air-conditioning installation business and related businesses in Singapore, making it a subsidiary and a sub-subsidiary of the Company, and entered into a share transfer agreement dated 30 September 2019. Completion of the transaction was scheduled for 31 August 2020.」
The company entered into an agreement to acquire all shares of an air-conditioning installation company, with the aim of expanding its facility management-related business in Singapore. - FY2020-Q1AdvancedAnnual report
「On 1 April 2019, the company acquired 51% of the shares and made it a subsidiary, specifically a second-tier subsidiary of the company.」
The first-stage acquisition of a 51% stake in AQUATIC MAINTENANCE SERVICES PTE.LTD., aimed at expanding facility management operations in Singapore, has been completed. Goodwill of ¥176.505 million was also recognized, and the second-stage acquisition of the remaining 29% was scheduled for 31 August 2019. - FY2019-Q3AdvancedAnnual report
「To expand the facility management business conducted in Singapore by SINGAPORE BIKEN PTE.LTD.」
The company entered into an agreement to acquire, in stages, 51% in the first tranche and up to 80% in the second tranche of a company engaged in pool maintenance and other businesses, with the aim of expanding its facility management operations in Singapore. - FY2017-Q3RestatedAnnual report
「The solar power generation business, hotel operations business and air-conditioning maintenance services provided by the Singapore subsidiary, which started or entered full operation in the previous consolidated fiscal year, also continued to perform well.」
The air-conditioning maintenance business operated by the Singapore subsidiary is progressing smoothly alongside other new and developing businesses. - FY2017-Q2AdvancedAnnual report
「Goodwill arose in the Building Maintenance Business when SINGAPORE BIKEN PTE.LTD. acquired the air-conditioning maintenance business and other operations from SINGAPORE DENZAI PTE.LTD. The increase in goodwill resulting from this transaction was ¥329,019 thousand for the nine-month consolidated period.」
The acquisition of the air-conditioning maintenance business in Singapore was reflected in segment information for the second quarter as goodwill of ¥329,019 thousand. - FY2016First statedAnnual report
「The purpose is to generate synergies with the facility management services conducted in Singapore by the consolidated subsidiary SINGAPORE BIKEN PTE.LTD., expand the business and improve profitability.」
The company intends to use the acquisition of the air-conditioning maintenance business by its Singapore subsidiary to generate synergies with its existing facility management services and improve profitability.