Leveraging Metal Press-Forming Technology Through the Acquisition of 株式会社ウエキン
First written in FY2022-Q3. 1 of 2 entries say "Advanced", first in FY2022. Latest entry: FY2022.
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- FY2022AdvancedAnnual report
「In connection with including 株式会社ウエキン in the scope of consolidation using 30 November 2021 as the deemed acquisition date, the consolidated income statement for the fiscal year includes the results of 株式会社ウエキン for the 3 months from 1 December 2021 to 28 February 2022.」
Following the acquisition of all shares of ウエキン, its results for the 3 months from the deemed acquisition date were incorporated into the full-year consolidated income statement, advancing post-acquisition consolidation procedures. - FY2022-Q3First statedAnnual report
「As the Group acquired all shares of 株式会社ウエキン on 24 November 2021 and made it a subsidiary, the company has been included in the scope of consolidation from the third quarter of the current fiscal year. The company uses proprietary deep-drawing technology to form metal components used in logistics equipment, construction materials, household appliances and production machinery, and has expertise in reducing costs and increasing functional value. The Group believes that using this expertise in its manufacturing and product-development divisions will generate synergies and further enhance corporate value. Post-acquisition voting rights: 100%. Acquisition cost: ¥597.358 million. Goodwill recognized: ¥150.096 million.」
The acquisition of 株式会社ウエキン brought deep-drawing technology and expertise in increasing value added into the Group’s manufacturing and product-development operations.