Technology synergies and EMS portfolio expansion through the acquisition of Lavinics Co., Ltd.
First written in FY2023-Q1. 2 of 3 entries say "Advanced", first in FY2024-Q1. Latest entry: FY2024-Q3.
No other company in this theme has enough history to compare yet.
- FY2024-Q3AdvancedAnnual report
「As a result of finalizing the provisional accounting, the comparative information included in the quarterly consolidated financial statements for the cumulative third quarter reflects a review of the initial allocation of the acquisition cost. Goodwill provisionally calculated at ¥241 million increased by ¥18 million upon finalization of the accounting, to ¥259 million.」
For the Lavinics acquisition, the company disclosed that the comparative information was revised following the finalization of the business combination accounting, and goodwill was finalized at ¥259 million, up from ¥241 million. - FY2024-Q1AdvancedAnnual report
「Provisional accounting had been applied to the business combination with Lavinics Co., Ltd. conducted on 12 April 2022 during the first quarter of the previous consolidated fiscal year, but was finalized at the end of the previous consolidated fiscal year. As a result of finalizing the provisional accounting, the comparative information included in the quarterly consolidated financial statements for the cumulative first quarter reflects a review of the initial allocation of the acquisition cost. Goodwill provisionally calculated at ¥526 million decreased by ¥267 million upon finalization of the accounting, to ¥259 million.」
For the Lavinics acquisition, the provisional business combination accounting was finalized at the end of the previous consolidated fiscal year, and goodwill was revised from ¥526 million to ¥259 million. - FY2023-Q1AchievedAnnual report
「The Company's subsidiary CU TECH CORPORATION acquired all shares of Lavinics Co., Ltd. on 12 April 2022 (effective date). Lavinics Co., Ltd. operates an electronic component mounting business for the growing rental home-appliance market and has sales channels and relationships with quality customers, as well as advanced mounting technologies. …The objective is to enhance the enterprise value of the EMS business by creating technology synergies and expanding the business portfolio.」
CU TECH CORPORATION acquired all shares of Lavinics on 12 April 2022 for ¥661 million and sought to create technology synergies and expand the EMS business portfolio by incorporating its customers and product lines for rental home appliances and its mounting technologies.