Strengthening Furniture and Interior Proposals through an Alliance with Otsuka Kagu
First written in FY2019. 6 of 8 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022AdvancedAnnual report
「Effective 1 May 2022, Otsuka Kagu Co., Ltd. ceased to exist following an absorption-type merger in which Yamada Denki Co., Ltd., our consolidated subsidiary, was the surviving company.」
After Otsuka Kagu became a wholly owned subsidiary, it was merged into Yamada Denki effective 1 May 2022, progressing to integrated operations for furniture, interiors and home appliances. - FY2022-Q3AchievedAnnual report
「Based on a resolution of the Board of Directors adopted on 9 June 2021, we conducted a share exchange effective 1 September 2021, under which we became the wholly owning parent company in the share exchange and Otsuka Kagu Co., Ltd. became the wholly owned subsidiary.」
Otsuka Kagu became our wholly owned subsidiary through a share exchange effective 1 September 2021. - FY2022-Q1AdvancedAnnual report
「The share exchange is scheduled to take place effective 1 September 2021 through a simplified share exchange procedure that does not require approval by a shareholders' meeting under Article 796, Paragraph 2 of the Companies Act, as far as we are concerned. Otsuka Kagu obtained approval for the share exchange agreement at its annual shareholders' meeting held on 29 July 2021.」
Regarding the making of Otsuka Kagu a wholly owned subsidiary, the share exchange agreement was approved at its annual shareholders' meeting, and implementation on 1 September 2021 was announced. - FY2021AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 June 2021, we resolved to conduct a share exchange effective 1 September 2021 (scheduled), under which we would become the wholly owning parent company in the share exchange and Otsuka Kagu Co., Ltd. would become the wholly owned subsidiary, and we entered into a share exchange agreement with Otsuka Kagu.」
The relationship progressed from a business alliance with Otsuka Kagu and making it a subsidiary to the resolution and execution of an agreement for it to become a wholly owned subsidiary through the share exchange scheduled for 1 September 2021. - FY2021-Q2AdvancedAnnual report
「With Otsuka Kagu's transition to a new executive structure effective 1 December 2020, we aim to accelerate the pace of its reforms and achieve an early return to profitability.」
For Otsuka Kagu, based on the transition to a new executive structure effective 1 December 2020, the relationship progressed to the stage of accelerating reforms and rebuilding the furniture and interior business. - FY2021-Q1AdvancedAnnual report
「In furniture and interior products, we began displaying and selling home appliances at 7 Otsuka Kagu stores, enabling us to offer comprehensive proposals for homes covering both furniture and home appliances.」
The relationship progressed from a business alliance and the making of Otsuka Kagu a subsidiary to the launch of home appliance display and sales at 7 Otsuka Kagu stores. - FY2020-Q3AdvancedAnnual report
「On 15 February 2019, we and Otsuka Kagu reached a basic agreement on a business alliance (we disclosed the "Notice Regarding the Basic Agreement on a Business Alliance" on 15 February 2019). Since then, Otsuka Kagu has supplied products and provided expertise and human resources for furniture sales at the "Home Appliance and Living Center" stores operated by us, and we have collaborated on supplying home appliances and furniture to hotels, offices and other corporate customers. As these initiatives demonstrated progress in Otsuka Kagu's reform efforts and improved our profits, we decided to enter into this capital alliance to make our partnership with Otsuka Kagu stronger and more firmly established than before.」
Following the business alliance in February 2019, Otsuka Kagu became our subsidiary on 30 December, with a voting rights ratio of 51.74%. The relationship progressed toward joint product development, expanded online sales and stronger collaboration in the corporate sector. - FY2019First statedAnnual report
「In addition to home appliances and remodeling, alongside the rollout of 「家電住まいる館」, the Company promoted the development of SPA products related to furniture and interiors and entered into a business alliance with 株式会社大塚家具 (February 2019) and a capital and business alliance with 株式会社家守りホールディングス (February 2019), thereby expanding its 「住宅まるごと提案」 offering.」
In addition to developing SPA products related to furniture and interiors, the Company entered into a business alliance with 大塚家具 in February 2019 and expanded its 「住宅まるごと提案」 offering.