Subsidiarization of the Industrial Machinery Control Equipment Business
First written in FY2022-Q1. 3 of 6 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025RestatedAnnual report
「The company also opened its Nagoya FA Center in Inazawa, Aichi Prefecture, in April 2025 to strengthen its control panel and agribusiness operations.」
In connection with the initiative to strengthen orders for and sales of control equipment and related products since 北越電研 became a subsidiary, the company reconfirmed its efforts to strengthen the control panel business. - FY2025-H1AdvancedAnnual report
「The company also opened its Nagoya FA Center in Inazawa, Aichi Prefecture, in April 2025 to strengthen its control panel manufacturing and agribusiness operations.」
In connection with the initiative to promote orders for and sales of control equipment and related products beyond conventional wire sales, the company reported the opening of the Nagoya FA Center to strengthen control panel manufacturing. - FY2022RestatedAnnual report
「(2) Main reason for the business combination: As a technology trading company centered on wire sales, the group seeks to meet diversifying user needs by further promoting orders for and sales of related control equipment, rather than limiting its business to conventional wire sales.」
Regarding 北越電研, which became a wholly owned subsidiary on 1 March 2022, the company reconfirmed the acquisition objective of promoting orders for and sales of control equipment and related products for industrial machinery. - FY2022-Q3AdvancedAnnual report
「The company applied provisional accounting treatment for the allocation of the acquisition cost during the second quarter consolidated accounting period. During the third quarter consolidated accounting period, the allocation of the acquisition cost was completed and the amount of goodwill was finalized. The amount of goodwill was unchanged.」
Regarding the acquisition of 北越電研 as a subsidiary, the allocation of the acquisition cost was completed and goodwill of ¥174 million was finalized. - FY2022-Q2RestatedAnnual report
「During the second quarter consolidated accounting period, the company acquired all shares of 北越電研 and therefore included 北越電研 and its subsidiary 北越電研（上海）有限公司 and one other company in the scope of consolidation.」
The company reconfirmed the acquisition of all shares of 北越電研 and the inclusion of 北越電研 and its 2 subsidiaries in the scope of consolidation. The stated reason for the acquisition was to promote orders for and sales of control equipment and related products for industrial machinery. - FY2022-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 3 February 2022, the company resolved to acquire the shares of 北越電研 and make it a subsidiary. Based on this resolution, the company entered into a share transfer agreement on the same date, acquired all of the company’s shares on 1 March 2022 and made it a subsidiary.」
To promote orders for and sales of related control equipment in addition to wire sales, the company made a manufacturer and seller of control equipment and control panels for industrial machinery a wholly owned subsidiary.