Expansion of the remodeling business through a capital and business alliance with KATITAS CO.,LTD
First written in FY2018-Q1. 2 of 4 entries say "Restated". Latest entry: FY2018.
No other company in this theme has enough history to compare yet.
- FY2018RestatedAnnual report
「In May 2017, we entered into a capital and business alliance with KATITAS CO.,LTD, a seller of renovated homes whose corporate philosophy is to transform the way people live by supplying affordable, high-quality homes. Through this alliance, we aim to create synergies by sharing personnel and other management resources, expand product sales channels and create new value in the remodeling business.」
The company reaffirmed its plans to expand sales channels and create value in the remodeling business through its capital and business alliance with KATITAS CO.,LTD. - FY2018-Q3RestatedAnnual report
「Following the acquisition of shares, KATITAS CO.,LTD was included within the scope of equity-method accounting from the second quarter consolidated accounting period.」
The company reaffirmed that KATITAS CO.,LTD became an equity-method affiliate from the second quarter accounting period following the acquisition of shares. - FY2018-Q2AdvancedAnnual report
「During the second quarter consolidated accounting period, KATITAS CO.,LTD was newly included within the scope of equity-method accounting as a result of the acquisition of shares.」
Following the acquisition of shares under the capital and business alliance with KATITAS CO.,LTD, the company was formally included within the scope of consolidation and accounting as an equity-method affiliate from the second quarter accounting period. - FY2018-Q1First statedAnnual report
「We entered into a capital and business alliance with KATITAS CO.,LTD, which has sold more than 4,400 renovated homes annually nationwide. Through this alliance, we aim to create synergies by sharing personnel and other management resources and create new value in the remodeling business.」
This is the first disclosure of the capital and business alliance with KATITAS CO.,LTD. The acquisition of shares was completed on 31 May 2017, with a 34.00% stake acquired, making KATITAS CO.,LTD an equity-method affiliate. The company stated that it would use KATITAS CO.,LTD’s track record of selling more than 4,400 homes annually and its network of more than 600 contractors to share personnel and other management resources and expand its share of the remodeling business.