Entry into the Australian commercial AV market through the acquisition of InSight Systems as a subsidiary
First written in FY2025-H1. 1 of 4 entries say "Achieved", first in FY2025. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026RestatedAnnual report
「Since the results of the Australian InSight Systems Group, which had been included within the scope of consolidation from the fourth quarter of the previous consolidated fiscal year, contributed from the beginning of the fiscal year, sales scale in the Asia and Oceania region expanded.」
The annual report also confirmed that the InSight Systems contribution for the full fiscal year expanded sales scale in the sales and installation business in the Asia and Oceania region. - FY2026-H1AdvancedAnnual report
「Because the results of Australia's InSight Systems group, which had been included in consolidation since the fourth quarter of the previous fiscal year, contributed from the beginning of the current fiscal year, the scale of revenue in the Asia-Oceania region expanded.」
The InSight Systems Group contributed to consolidated results from the beginning of the current fiscal year, indicating expanded sales scale in the Asia and Oceania region, including Australia. - FY2025AchievedAnnual report
「In addition, during the third quarter, the Company acquired shares of InSight Systems Holdings Pty Ltd, which owns a company engaged in the sale and installation of professional sound and video equipment in Australia, and made it and its subsidiary, InSight Systems Unit Trust, consolidated subsidiaries.」
The Company completed the acquisition of shares of InSight Systems on 21 November 2024 and made it a consolidated subsidiary with an 80% voting interest, thereby entering the Australian market. - FY2025-H1First statedAnnual report
「Australia's professional sound and video market was valued at US$7,987 million in 2022 and is expected to grow at an annual rate of 4.6%, supported by the country's strong economic strength, population growth and increased investment in digital transformation. The Company determined that this business combination represented an excellent opportunity to enter the growing Australian market and would increase the likelihood of achieving its medium-term management plan, and decided to acquire the shares.」
The Company resolved on 30 October 2024 to acquire InSight Systems Holdings Pty Ltd and its wholly owned subsidiary InSight Systems Unit Trust, and entered into a share transfer agreement. It plans to enter Australia's market for the sale, design, installation and maintenance of professional sound and video equipment, with the acquisition scheduled for 21 November 2024, an 80.0% voting interest and an acquisition cost of ¥1,395 million.