Strengthening the Housing Business through the Consolidation of Hinokiya Group
First written in FY2021-Q2. 3 of 5 entries say "Achieved", first in FY2021-Q2. Latest entry: FY2024-Q3.
7 other companies' latest entry also says "Achieved".
- FY2024-Q3AchievedAnnual report
「ヒノキヤグループ and its 6 subsidiaries aim to concentrate management resources and improve operational efficiency across the group in order to stabilize earnings and enhance corporate value.」
Regarding the integration of ヒノキヤグループ and its 6 subsidiaries approved in the previous fiscal year, the absorption merger was completed effective 1 July 2023, advancing the concentration of management resources and operational efficiency. - FY2023AdvancedAnnual report
「ヒノキヤグループ and its 6 subsidiaries aim to concentrate management resources and improve operational efficiency across the group, thereby stabilizing earnings and enhancing corporate value.」
Following the acquisition of all shares in ヒノキヤグループ, a resolution was passed to absorb the 6 subsidiaries effective 1 July 2023, advancing the concentration and efficiency of management resources within the housing business. - FY2022AchievedAnnual report
「Effective 27 April 2022, the company carried out a share exchange under which it became the wholly owning parent company and 株式会社ヒノキヤグループ became the wholly owned subsidiary.」
For Hinokiya Group, which had already become a consolidated subsidiary, the company carried out a share exchange effective 27 April 2022, making it a wholly owned subsidiary. - FY2022-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 10 February 2022, the company resolved to carry out a share exchange, with 27 April 2022 as the planned effective date, under which the company would become the wholly owning parent company and 株式会社ヒノキヤグループ the wholly owned subsidiary. On the same date, the two companies entered into a share-exchange agreement.」
For Hinokiya Group, which had already become a consolidated subsidiary, the company resolved to make it a wholly owned subsidiary through a share exchange scheduled for 27 April 2022 and entered into an agreement. - FY2021-Q2AchievedAnnual report
「At a meeting of the Board of Directors held on 8 September 2020, the company resolved to acquire common shares of 株式会社ヒノキヤグループ through a tender offer under the Financial Instruments and Exchange Act, primarily to make it a consolidated subsidiary. The tender offer was conducted from 9 September 2020 through 22 October 2020. As a result, effective 29 October 2020, the start date of settlement for the tender offer, 株式会社ヒノキヤグループ became a consolidated subsidiary of the company.」
Through the tender offer, the company made Hinokiya Group a consolidated subsidiary effective 29 October 2020. The acquired voting-rights ratio was 50.10%, and the acquisition cost was ¥12.655 billion. The objectives were to generate synergies in the housing and other businesses and enhance corporate value.