Kyodo Paper Holdings (9849) · InitiativeAchieved
Expanding the Paperboard Business and Improving Logistics Efficiency Through the Acquisition of Wakaba Paper Trading
First written in FY2022-Q2. 2 of 3 entries say "Achieved", first in FY2022-Q3. Latest entry: FY2022.
3entries
2years
0from disclosures
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Expansion of the paperboard trading and logistics platform through the acquisition of わかば紙商事A theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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Full recordFilings, disclosures and news, newest first
- FY2022AchievedAnnual report
「Under this agreement, the company absorbed わかば紙商事株式会社 through a merger effective 1 April 2022.」
Following the conversion of わかば紙商事株式会社 into a wholly owned subsidiary, the merger was completed on 1 April 2022 to further strengthen business collaboration and maximize integration benefits. - FY2022-Q3AchievedAnnual report
「On 1 January 2022, the company acquired all shares of わかば紙商事株式会社, based in Koto-ku, Tokyo, making it a wholly owned subsidiary.」
Regarding わかば紙商事株式会社, for which the company had entered into an agreement in the previous quarter and planned to complete the acquisition on 1 January 2022, the acquisition of all shares and conversion into a wholly owned subsidiary were completed. The objectives are to expand the paperboard product offering, develop a nationwide presence, diversify the product range and reduce logistics costs. - FY2022-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 12 November 2021, the company resolved to acquire all shares of わかば紙商事株式会社 and make it a subsidiary, and entered into a share transfer agreement on the same date.」
The company entered into an agreement to acquire all shares of わかば紙商事株式会社, with the business combination scheduled for 1 January 2022. The objectives are to expand its paperboard product offering and nationwide presence, diversify its product range and reduce logistics costs by sharing the functions of its logistics subsidiary. Acquisition-related costs are estimated at ¥4 million, while the acquisition cost and goodwill have not yet been finalized.