Entry into the North American heavy-duty truck and bus market through the acquisition of ATCO PRODUCTS
First written in FY2024. 1 of 6 entries say "Advanced", first in FY2025-H1. Latest entry: 2026-08-07.
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- 2026-08-07WorsenedEarnings
「Although the new truck business following the acquisition of NAT contributed to sales, amortization of goodwill recognized at the time of the acquisition, the time required to improve the business's profitability and higher costs from additional US tariffs also had an impact. Net sales were ¥9,918 million (¥6,940 million in the previous year), while the operating result was a loss of ¥256 million (operating income of ¥547 million in the previous year).」
The new truck business acquired contributed to sales, but the North American business posted an operating loss because of goodwill amortization, delayed profit improvement and additional tariffs. - FY2026-H1Acquired business contributing to revenue; profit improvement under wayAnnual report
「The consolidation of NICHIRIN ATCO TEXAS, INC. (NAT) at the end of June last year contributed to higher revenue from the new truck business. However, amortization of goodwill from the acquisition of NAT, the time required to improve profitability in the business, and higher costs due to additional US tariffs also had an impact. Revenue was ¥9,918 million (¥6,940 million in the same period of the previous year), and the Company recorded an operating loss of ¥256 million (operating profit of ¥547 million in the same period of the previous year).」
The new truck business acquired through ATCO contributed to revenue, but the North American segment changed from an operating profit in the same period of the previous year to an operating loss due to goodwill amortization, delayed profit improvement and higher costs from additional US tariffs. - 2026-05-13Cited as achievedEarnings
「The new truck business associated with NICHIRIN ATCO TEXAS, INC. (hereinafter, “NAT”), which became a consolidated subsidiary at the end of June of the previous year, contributed to sales. Net sales were ¥4,738 million (¥3,665 million in the same quarter of the previous year).」
The company stated that the new truck business acquired with ATCO contributed to North American sales. - FY2025AchievedAnnual report
「Pursuant to the resolution of the Board of Directors meeting held on 21 March 2025, the Company acquired all equity interests in ATCO PRODUCTS LLC., owned by US-based Fidelis Holdings, LLC, thereby making it a wholly owned subsidiary, and included it in the scope of consolidation using 30 June 2025 as the deemed acquisition date. ATCO PRODUCTS LLC. changed its legal form and name to NICHIRIN ATCO TEXAS, INC. on 2 May 2025.」
The acquisition of all equity interests in ATCO PRODUCTS, its conversion into a wholly owned subsidiary, its name change to NICHIRIN ATCO TEXAS, and its inclusion in the scope of consolidation have been completed. Entry into the North American heavy-duty truck and bus business has become an operating reality. - FY2025-H1AdvancedAnnual report
「Regarding the Company's resolution at a meeting of the Board of Directors held on 21 March 2025 to acquire all equity interests in ATCO PRODUCTS LLC., owned by US-based Fidelis Holdings, LLC, and make it a consolidated subsidiary, the acquisition and payment procedures were completed on 30 April 2025. Voting interest acquired: 100% Acquisition consideration: Cash, US$8 million As a result, goodwill of ¥1,656 million arose in the North American segment.」
The acquisition of all equity interests in ATCO PRODUCTS was completed on 30 April 2025. The company was renamed NICHIRIN ATCO TEXAS, INC. on 2 May and made a consolidated subsidiary. The voting interest acquired was 100%, the acquisition consideration was US$8 million, and provisional goodwill of ¥1,656 million arose in the North American segment. - FY2024First statedAnnual report
「At a meeting of the Board of Directors held on 21 March 2025, the Company resolved to acquire all equity interests in ATCO PRODUCTS LLC. (hereinafter ATCO PRODUCTS), owned by US-based Fidelis Holdings, LLC, and make it a consolidated subsidiary.」
The Company initiated a plan to acquire all equity interests in ATCO PRODUCTS for cash consideration of US$8 million on 30 June 2025 and make it a consolidated subsidiary with a 100% voting interest. It intends to make a full-scale entry into the North American market for parts for heavy-duty trucks and buses of Class 5 (approximately 7.2t) and above, and expand its business in North America and globally through synergies in technology, expertise and networks.