Business restructuring through a newly established demerger and transfer of the metal processing business
First written in FY2023. 1 of 3 entries say "Achieved", first in FY2024-Q1. Latest entry: FY2024-Q3.
No other company in this theme has enough history to compare yet.
- FY2024-Q3Cited as achievedAnnual report
「Segment profit was ¥157 million, up 44.0% year on year, as the incorporation-type company split and share transfer of the brass components and metal cutting business, which had been affected by soaring raw material costs in the previous consolidated fiscal year, improved the profit margin.」
The incorporation-type company split and share transfer of the metal processing business, completed in the previous consolidated fiscal year, were cited as factors behind the improvement in the profit margin of the ultra-fine bubble business. Segment profit was ¥157 million, up 44.0% year on year. - FY2024-Q1AchievedAnnual report
「At a meeting of the Board of Directors held on 28 February 2023, we resolved to transfer the brass components and metal cutting business of our consolidated subsidiary, 株式会社ＴＫＳ, to a newly incorporated company through a company split (incorporation-type company split), and then transfer all shares of the new company to its former president, Tanaka Kazuhiro (田中和広). We entered into a share transfer agreement on the same date and completed the transfer effective 31 March 2023.」
The incorporation-type company split of the metal processing business and the transfer of the new company's shares were confirmed as completed effective 31 March 2023 in the quarterly report for the period. - FY2023First statedAnnual report
「We transferred the brass components and metal cutting business of our consolidated subsidiary, 株式会社田中金属製作所, to a newly incorporated company through a company split (incorporation-type company split), and then transferred all shares of the new company to its former president, Tanaka Kazuhiro (田中和広). We also amended part of the articles of incorporation of the splitting company, 株式会社田中金属製作所, and changed its corporate name to 株式会社ＴＫＳ.」
Effective 31 March 2023, the metal processing business was transferred to a newly incorporated company, and all shares of the new company were transferred to the former president. The company explained that the showerhead business and metal processing business were separated to improve management efficiency and enable the metal processing business to be managed independently.