Acquisition of a North American automotive aluminum structural materials and components business
First written in FY2017-Q1. 4 of 12 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026WorsenedAnnual report
「Because the recoverable amount fell below the carrying amount due to major changes in the external environment surrounding the North American automotive market, the company recognized an impairment loss of ¥5,598 million on the goodwill.」
In the North American automotive components business, goodwill impairment of ¥5,598 million arose due to changes in the external environment surrounding the North American automotive market, concerning the post-acquisition business foundation. - FY2025AdvancedAnnual report
「UACJ Automotive Whitehall Industries, Inc. won Honda North America’s Quality and Delivery Award and Value in Excellence Award for the second consecutive year, achieving a double award win for the second year in a row.」
The North American automotive components business received 2 awards from Honda North America for quality and delivery and for value for the second consecutive year. - FY2024-Q3Wider profit growth driven by demand recovery and the effects of new model launchesAnnual report
「Due to the recovery in demand from the semiconductor shortage in automotive-related fields and the effects of new model launches in North America, among other factors, revenue was ¥157,947 million, up 1.5% year on year, and operating income was ¥3,537 million, up 170.6%.」
The launch of new models in North America and the recovery in automotive demand continued, and operating income in the fabricated products and related businesses increased 170.6% year on year. The company reported accelerated profit growth in the North American automotive-related business following the acquisition. - FY2024-Q2RestatedAnnual report
「Due to a recovery in demand from the semiconductor shortage in automotive-related fields and the launch of new models in North America, revenue was ¥103,920 million, up 1.5% year on year, and operating income was ¥2,116 million, up 73.3%.」
The launch of new models in North America and the recovery in automotive demand continued to drive revenue and profit growth in the fabricated products and related businesses. This reflects continued performance in the existing business, rather than a new acquisition or equipment completion milestone. - FY2024-Q1AdvancedAnnual report
「Due to a recovery in demand from the semiconductor shortage in automotive-related fields and the launch of new models in North America, revenue was ¥51,296 million, up 5.7% year on year, and operating income was ¥855 million, up 123.8%.」
The launch of new models in North America and the recovery in automotive demand resulted in a 5.7% year-on-year increase in revenue and a 123.8% increase in operating income in the fabricated products and related businesses. Specific business progress was reported for the North American automotive-related business following the acquisition. - FY2018-Q1AdvancedAnnual report
「Due to increased orders resulting from higher demand in existing businesses and the acquisition of SRS Industries, LLC (now UACJ Automotive Whitehall Industries, Inc.), net sales in the fabricated products and related businesses for the first-quarter cumulative consolidated period were ¥44,911 million, up 16.4% year on year, and operating income was ¥1,158 million, up 76.5%.」
In the fabricated products and related businesses following the SRS acquisition, increased orders and the acquisition contributed to year-on-year increases in net sales and operating income. The company provided specific results for the business after the acquisition. - FY2017RestatedAnnual report
「Although the company acquired SRS Industries, LLC (hereinafter, “SRS”; now UACJ Automotive Whitehall Industries, Inc.) during the fiscal year, demand declines in existing businesses affected orders. Net sales in the fabricated products and related businesses were ¥166,745 million, down 0.2% year on year, and operating income was ¥3,742 million, down 0.1%.」
The company reported the SRS acquisition and full-year results after the acquisition. The acquisition and completion of the purchase price allocation had already been reported by the previous quarter, and no new acquisition milestone was indicated. - FY2017-Q3AdvancedAnnual report
「Regarding the business combination with SRS Industries, LLC (Note) conducted in April 2016, the company had applied provisional accounting based on reasonable information available when preparing the quarterly consolidated financial statements because the fair value measurement of assets and liabilities and other procedures had not been completed through the second-quarter cumulative consolidated period. However, the allocation of the acquisition cost was completed during the third-quarter accounting period. As a result, liabilities increased mainly, and goodwill provisionally calculated at ¥9,460 million (US$86,203 thousand) increased by ¥629 million (US$5,729 thousand) to ¥10,089 million (US$91,932 thousand).」
The provisional allocation of the acquisition cost for the SRS Industries acquisition was completed, bringing the finalized goodwill amount to ¥10,089 million. - FY2017-Q2RestatedAnnual report
「Deterioration in equity-method investment income and losses due to increased start-up costs for the US automotive aluminum materials manufacturing and sales business」
Following the acquisition of the North American automotive aluminum business, start-up costs for the manufacturing and sales business affected equity-method investment income and losses. No material changes to the acquisition itself were reported from the previous quarter. - FY2017-Q1First statedAnnual report
「UACJ Automotive Whitehall Industries, Inc. was established in April 2016, and acquired all equity interests in SRS Industries, LLC through that company. As a result, both companies and 4 group companies of SRS Industries, LLC were newly included in the scope of consolidation from the first quarter of the current fiscal year.」
To capture growing demand for automotive aluminum structural materials and components, the company acquired all equity interests in SRS Industries, LLC on 15 April 2016. The acquisition cost was ¥15,026 million, the acquired voting rights ratio was 100%, and the company absorbed the business in June 2016.