Strengthening the printed-circuit-board business through the acquisition of 株式会社サトーセン
First written in FY2018-Q2. 2 of 7 entries say "Restated". Latest entry: FY2021-Q2.
0 other companies' latest entry also says "Restated".
- FY2021-Q2RestatedAnnual report
「Segment profit was ¥1,337 million, up 20.4% year on year, due mainly to improved profitability at Sato Sen Co., Ltd.」
For Sato Sen, whose declining profitability and impairment losses had been reported following its acquisition, improved profitability continues to be cited as a factor behind the increase in electronic materials segment profit. - FY2021-Q1Confirmed improvement in the profitability of rigid printed wiring board materials following the acquisitionAnnual report
「Segment profit was ¥768 million, up 71.5% year on year, due to higher revenue and improved profitability of rigid printed wiring board materials.」
For rigid printed wiring board materials, for which declining profitability and impairment losses had been reported following the acquisition of Sato Sen, improved profitability in the first quarter is cited as a factor behind the increase in segment profit. However, the company does not state that the business issues following the acquisition have been resolved. - FY2020-Q3WorsenedAnnual report
「In electronic materials, the company reviewed future earnings prospects based on the latest business plan for the rigid printed wiring board business manufactured and sold by consolidated subsidiary Sato Sen Co., Ltd., as profitability had declined due to changes in market conditions and the business environment. As a result, the carrying amount of fixed assets was reduced to their recoverable amount. An impairment loss on goodwill was also recognized.」
The rigid printed wiring board business of acquired subsidiary Sato Sen experienced a decline in profitability due to changes in market conditions and the business environment, resulting in impairment losses on fixed assets and goodwill. - FY2019RestatedAnnual report
「All shares of Sato Sen Co., Ltd., which manufactures and sells electronic materials, were acquired (currently a consolidated subsidiary).」
The company reiterates that, following its acquisition by the company, Sato Sen is responsible for the electronic materials business as a consolidated subsidiary. - FY2019-Q3AdvancedAnnual report
「The business combination with Sato Sen Co., Ltd., carried out in the third quarter of the previous fiscal year, had been accounted for on a provisional basis during that quarter, but the accounting treatment was finalized in the third quarter of the current fiscal year.」
The provisional business combination accounting for the acquisition of Sato Sen, completed in November 2017, was finalized in the third quarter of the current fiscal year. - FY2018-Q3AchievedAnnual report
「As all shares of Sato Sen Co., Ltd. were acquired and the company became a subsidiary from the third quarter, it has been included in the scope of consolidation. / Business combination date 30 November 2017 / Voting rights acquired 100% / Consideration for acquisition Cash ¥650.000 million」
The acquisition of Sato Sen, approved in the second quarter, was completed on 30 November 2017, and Sato Sen became a consolidated subsidiary with a 100% voting interest. The acquisition cost was ¥650 million, and goodwill of ¥407.899 million was recognized. - FY2018-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 9 November 2017, the Company resolved to acquire shares of 株式会社サトーセン and make it a subsidiary. / Business combination date: 30 November 2017 (scheduled) / Voting rights acquired: 100% / Consideration: cash, ¥650 million / Acquisition cost: ¥650 million」
The Board resolved to acquire 株式会社サトーセン, which handles industrial printed circuit boards from design and prototyping through mass production, and make it a subsidiary. The scheduled business combination date was 30 November 2017, the voting interest was 100% and the acquisition cost was ¥650 million. The stated rationale was to enhance corporate value through synergies with its strong technologies and product-development capabilities.