Business expansion and sharing advanced technology knowledge through the acquisition of all shares in ZOSTEC
First written in FY2023-Q1. 5 of 6 entries say "Restated". Latest entry: FY2025.
2 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「ZOSTEC, Shibuya-ku, Tokyo, 20,000, network and server integration business, 100.0」
ZOSTEC continues to be disclosed as a consolidated subsidiary in which the voting rights ownership ratio is 100%. - FY2024RestatedAnnual report
「ZOSTEC, Shibuya-ku, Tokyo, 20,000, network and server integration business, 100.0」
ZOSTEC continues to be disclosed as a consolidated subsidiary in which the voting rights ownership ratio is 100%. - FY2023RestatedAnnual report
「ZOSTEC is a company operating in the same field as the Company, with strengths in the network and server sector. The shares were acquired to add ZOSTEC to the Company’s Group, share the Company’s advanced-technology expertise, and achieve further business expansion across the Group.」
The objectives of the acquisition, namely making ZOSTEC a wholly owned subsidiary, sharing advanced-technology expertise, and expanding the Group’s business as a whole, are described as results for the consolidated fiscal year. - FY2023-Q3RestatedAnnual report
「During the first quarter consolidated accounting period, the Company acquired all shares of ZOSTEC and made it a consolidated subsidiary.」
The acquisition of all ZOSTEC shares and its inclusion as a consolidated subsidiary was reflected in the scope of consolidation in the third quarter. - FY2023-Q2RestatedAnnual report
「During the first quarter consolidated accounting period, the Company acquired all shares of ZOSTEC and made it a consolidated subsidiary.」
The acquisition of all ZOSTEC shares and its inclusion as a consolidated subsidiary continued to be reflected in the scope of consolidation in the second quarter. - FY2023-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 5 April 2022, the Company resolved to acquire all shares of ZOSTEC and make it a subsidiary, entered into a share transfer agreement on the same date, and completed the acquisition of all shares on 7 April 2022. The shares were acquired to add ZOSTEC to the Company’s Group, share the Company’s advanced-technology expertise, and achieve further business expansion across the Group.」
The acquisition is described as a measure to make ZOSTEC, which operates a network and server integration business, a wholly owned subsidiary, share advanced-technology expertise, and expand the Group’s business as a whole. Goodwill arising from the acquisition amounted to ¥240.540 million and is being amortized on a straight-line basis over 8 years.