Sales Collaboration, Manufacturing Efficiency and Advanced Development Through the Acquisition of 電子科学株式会社

「With the aim of expanding sales over the medium to long term, we successfully jointly developed the temperature-programmed desorption hydrogen analyzer "ESCO-TDS600 IR H2," specialized in measuring hydrogen content, and "TDS 1200ⅡALS," which adds an automatic sample function to the existing "ESCO-TDS1200Ⅱ IR."」

「Focus on sales development in China and the United States, which are new markets for 電子科学㈱, and on joint development of new products with our company」

「We are currently developing equipment with new functions together with the company and promoting marketing activities for the launch of new products. We are also actively expanding sales activities into a broader target market, and these efforts resulted in an equipment order from a public institution in South Korea.」

「We are also integrating 電子科学株式会社's analytical technology with our automation technology and jointly planning and developing new products, particularly in the semiconductor field. As the first products, we successfully jointly developed the temperature-programmed desorption hydrogen analyzer "Cryo TDS-100H2," specialized in measuring hydrogen content, and the "AT-TDS1200Ⅱ," which adds an automatic sample-setting function to the existing equipment.」

「By leveraging the strengths of the group in both research and development and sales, we are introducing products to new markets, developing new customers and working to expand earnings capacity.」

「We are currently combining 電子科学株式会社's analytical technology with our automation technology, focusing on planning and creating new products. In our sales activities, we are also using our channels to expand revenue opportunities by broadening the target market.」

「The Other business is operated by the subsidiary 電子科学株式会社.」

「In this way, we expect synergies not only in sales but also in manufacturing and development.」

「From the consolidated fiscal year ending June 2021, 電子科学株式会社 was made a subsidiary through the acquisition of its shares and included in the scope of consolidation. 30 June 2021 was designated as the deemed acquisition date, and because the difference from the quarterly consolidated financial statement date does not exceed 3 months, the consolidated results for the third quarter include 6 months of its results from July through December 2021.」

「From the consolidated fiscal year ending June 2021, 電子科学株式会社 was made a subsidiary through the acquisition of its shares and included in the scope of consolidation. 30 June 2021 was designated as the deemed acquisition date, and because the difference from the quarterly consolidated financial statement date does not exceed 3 months, the consolidated results for the second quarter include 3 months of its results from July through September 2021.」

「As the company has prepared consolidated financial statements since the end of the previous consolidated fiscal year, it has not performed a comparative analysis against the same quarter of the previous year.」

「At a meeting of the Board of Directors held on 14 May 2021, the company resolved to acquire all shares of 電子科学株式会社 (hereinafter, "電子科学") and make it a subsidiary. Accordingly, it entered into a share transfer agreement dated 14 May 2021 and will acquire all shares of 電子科学 on 31 May 2021, making it a consolidated subsidiary. [Omitted] Through this acquisition, we will strengthen collaboration in our sales operations. As the corporate cultures of the company and 電子科学 are similar, we believe that we can improve manufacturing efficiency and advance development, generating substantial synergies.」