Strengthening Our Capability to Serve the Cleanroom Construction Market Through the Acquisition of India's Nicomac
First written in FY2021-Q1. 2 of 4 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2023.
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- FY2023AdvancedAnnual report
「The voting interest represented by the additionally acquired shares was 26%, bringing the group’s voting interest to 100% through the transaction. Acquisition cost: ¥2,087 million.」
The company additionally acquired 26% of Nicomac from non-controlling shareholders, increasing its voting interest from 74% to 100%. Full ownership was completed to expand the business in India’s cleanroom construction market. - FY2023-Q3AdvancedAnnual report
「Business combination date: 7 December 2022 (deemed acquisition date: 31 December 2022) … The voting interest represented by the additionally acquired shares was 26%, bringing the group’s voting interest to 100% through the transaction. … Acquisition cost: ¥2,087 million」
The company additionally acquired a 26% voting interest in Nicomac Taikisha Clean Rooms Private Limited from non-controlling shareholders, bringing the group’s voting interest to 100%. The acquisition cost was ¥2,087 million. - FY2021-Q3RestatedAnnual report
「Nicomac Clean Rooms Far East LLP (hereinafter, “Nicomac”) has been included in the scope of consolidation since the second quarter of the fiscal year, following the acquisition of its partnership interests and its conversion into a subsidiary. Effective 23 January 2021, Nicomac changed its organizational form from a Limited Liability Partnership (LLP) to a joint-stock company.」
The company reconfirmed Nicomac’s status as a consolidated subsidiary and disclosed its change in organizational form effective 23 January 2021. - FY2021-Q1First statedAnnual report
「At a Board of Directors meeting held on 22 July 2020, we resolved to make Nicomac Clean Rooms Far East LLP (India; hereinafter, “Nicomac”) a consolidated subsidiary by acquiring its partnership interests, entered into an investment agreement on the same date, and made it a consolidated subsidiary by acquiring the interests on 30 July 2020. Voting interest acquired: 74%. Acquisition cost: ¥4,500 million.」
The company acquired Nicomac, an Indian manufacturer and seller of panels for cleanrooms, and made it a consolidated subsidiary. Under its medium-term management plan goals of “establishing a firm position in global markets” and “expanding its business domains,” the company said it would combine Nicomac’s panel manufacturing and installation technology with its own air-conditioning equipment technology to strengthen its ability to serve India’s cleanroom construction market.