Strengthening Southeast Asian Sales and Service Capabilities through Making Fuji Machine Asia a Wholly Owned Subsidiary
First written in FY2022-Q1. 2 of 5 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2025.
The whole theme swung hardest in 2020: 2 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2025Impairment loss recognized on assets related to the acquisition of FMAAnnual report
「As the originally anticipated earnings from the goodwill and intangible fixed assets arising from the acquisition of Fuji Machine Asia Private Limited could no longer be expected, their carrying amounts were reduced to recoverable amounts, and the resulting decrease of ¥854 million was recorded as an impairment loss under extraordinary losses.」
Regarding the conversion of FMA into a wholly owned subsidiary to strengthen sales and service capabilities in Southeast Asia, the originally anticipated earnings could no longer be expected, and impairment losses were recognized on acquisition-related assets. - FY2022RestatedAnnual report
「Acquisition of all issued shares of FUJI Machine Asia Private Limited, making it a wholly owned subsidiary (currently a consolidated subsidiary)」
Following the conversion of FMA into a wholly owned subsidiary, FMA and its 4 subsidiaries have been included in the scope of consolidation from the current fiscal year, and direct management of the sales and service platform in Southeast Asia has continued. - FY2022-Q3AdvancedAnnual report
「Provisional accounting had been applied in the consolidated accounting period for the second quarter for the acquisition of shares in Fuji Machine Asia Private Limited on 12 July 2021. As the purchase price allocation has been finalized, the accounting was completed in the consolidated accounting period for the third quarter. As a result, the provisionally calculated goodwill of ¥1,804 million decreased by ¥1,032 million upon finalization of the accounting treatment, resulting in ¥772 million, which will be amortized on a straight-line basis over 4 years.」
Following the conversion of FMA into a wholly owned subsidiary, the purchase price allocation was finalized, reducing provisional goodwill from ¥1,804 million to the finalized amount of ¥772 million. FMA's income statement has also been consolidated since the third quarter. - FY2022-Q2AdvancedAnnual report
「On 12 July 2021, we acquired all issued shares of Fuji Machine Asia Private Limited, a subsidiary of Sojitz Corporation, and made it a wholly owned subsidiary.」
Under the share transfer agreement entered into during the first quarter, we acquired an additional 86% on 12 July 2021, raising the ownership interest with voting rights from 14% to 100% and completing the conversion to a wholly owned subsidiary. The acquisition cost was ¥3,023 million, and goodwill was provisionally recorded at ¥1,804 million. - FY2022-Q1First statedAnnual report
「Believing that making FMA a subsidiary and becoming directly involved in its management would improve sales and service capabilities and lead to greater market share in Southeast Asia, the company entered into a share transfer agreement.」
For FMA, which sells and services electronic component placement robots in Southeast Asia, we entered into a share transfer agreement on 30 June 2021. The business combination was scheduled for 12 July 2021, with an additional 86% acquisition, an ownership interest with voting rights of 100% after the acquisition, and an acquisition cost of ¥2.6 billion disclosed.