Strengthening semiconductor back-end process and assembly solutions through the acquisition of ファスフォードテクノロジ as a subsidiary
First written in FY2019-Q1. 7 of 14 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2026.
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- FY2026WorsenedAnnual report
「For goodwill and intangible fixed assets arising from the acquisition of ファスフォードテクノロジ株式会社, the Company reduced their carrying amounts to recoverable amounts because uncertainty had increased regarding the ability to generate the earnings initially anticipated at the time of the acquisition, amid significant changes in the semiconductor market and competitive environment, and recognized the resulting ¥9.691 billion reduction as an impairment loss under extraordinary losses.」
For FFT's semiconductor-related business, uncertainty increased regarding its ability to generate the earnings initially anticipated at the time of the acquisition, and an impairment loss was recognized on goodwill and other assets. - FY2024-Q3AdvancedAnnual report
「This was mainly due to an increase of ¥1.698 billion in buildings and structures resulting from the construction of a new research and development building at the subsidiary ファスフォードテクノロジ株式会社, an increase of ¥2.233 billion in construction in progress resulting from the rebuilding of part of the Okazaki plant, and an increase of ¥4.6 billion in investment securities due to rising share prices and other factors.」
The construction of FFT's new research and development building increased buildings and structures by ¥1.698 billion, advancing the development of the R&D infrastructure. - FY2023AdvancedAnnual report
「ファスフォードテクノロジ株式会社 Minami-Alps, Yamanashi Prefecture Robot Solutions Construction of new R&D building 2,417 754 Internal funds 2022.11 2023.12」
For the construction of FFT's new research and development building, the Company disclosed progress on a plan with a total investment of ¥2.417 billion, ¥754 million already invested, and scheduled completion in December 2023. - FY2023-Q2AdvancedAnnual report
「The company planned a ¥2,400 million capital investment to construct a new R&D building for subsidiary Fasford Technology Co., Ltd., scheduled for completion in December 2023. The method of financing had not been determined.」
The plan to strengthen the foundation of the semiconductor-related business through FFT was made concrete as a ¥2.4 billion capital investment plan to establish a new research and development building, scheduled for completion in December 2023. - FY2022RestatedAnnual report
「In addition, by combining ファスフォードテクノロジ株式会社's semiconductor-related technology with the proprietary technology cultivated through the Company's electronic component mounting robots, we will create new value in new business areas spanning both fields and pursue synergies.」
Continues to pursue a new business area spanning both fields and synergies by combining FFT's semiconductor-related technology with electronic component mounting robot technology. - FY2020RestatedAnnual report
「This was mainly because demand for equipment for smartphones and next-generation 5G communications standards in China and Asia remained steady. Meanwhile, FFT, which became a subsidiary, also contributed to the increase in sales.」
Continues to pursue business expansion through FFT's consolidation and contribution to results, and by combining electronic component mounting and semiconductor-related technologies. - FY2020-Q3RestatedAnnual report
「This was mainly due to increased sales in the existing Robot Solutions business and the inclusion of ファスフォードテクノロジ株式会社 in the scope of consolidation, using 30 September 2018 as the deemed acquisition date.」
Continues to state that FFT's consolidation has been a factor in increased revenue. - FY2020-Q2RestatedAnnual report
「This was mainly due to increased sales in the existing Robot Solutions business and the inclusion of ファスフォードテクノロジ株式会社 in the scope of consolidation, using 30 September 2018 as the deemed acquisition date.」
The impact of FFT's consolidation on operating results continues to be disclosed. Regarding the business combination, the provisional goodwill treatment in the comparative information was finalized and revised from ¥18.25 billion to ¥14.271 billion. - FY2019AdvancedAnnual report
「The Group's operating results for the fiscal year reflected the new consolidation of FFT following its acquisition, steady capital investment demand in both the Robot Solutions and Machine Tools segments, and increased sales in existing businesses.」
FFT was newly consolidated in the fiscal year following its acquisition and contributed to increased sales in the Robot Solutions business. The acquisition cost was ¥21.799 billion, and the acquired voting interest was 100%. - FY2019-Q3AdvancedAnnual report
「On 31 August 2018, the Company acquired shares in ファスフォードテクノロジ株式会社 (hereinafter, “FFT”), whose main business is the manufacture and sale of semiconductor manufacturing equipment, and made it a subsidiary. (For FFT, only the balance sheet was consolidated for the second quarter, while the income statement has also been consolidated from the third quarter.)」
Consolidation of FFT's income statement began in the third quarter. The purchase price allocation was also completed, and goodwill, provisionally reported at ¥18.25 billion, was finalized at ¥14.271 billion and will be amortized on a straight-line basis over 15 years. - FY2019-Q2AdvancedAnnual report
「On 31 August 2018, the Company acquired shares in ファスフォードテクノロジ株式会社 (hereinafter, “FFT”), whose main business is the manufacture and sale of semiconductor manufacturing equipment, and made it a subsidiary. (For FFT, only the balance sheet is being consolidated for the second quarter, while the income statement will also be consolidated from the third quarter.)」
On 31 August 2018, the Company completed the acquisition of 100% of FFT's voting rights, made it a subsidiary, and added it to the scope of consolidation. The acquisition cost was ¥21.799 billion, goodwill was provisionally ¥18.25 billion, and the income statement will be consolidated from the third quarter. - FY2019-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 9 August 2018, the Company resolved to acquire all shares of ファスフォードテクノロジ株式会社 (hereinafter, “FFT”) and make it a subsidiary, and entered into a share transfer agreement on the same date.」
The Company decided to make FFT, which manufactures die-bonding equipment for semiconductor back-end processes, a wholly owned subsidiary, with 31 August 2018 as the business combination date. The acquisition consideration was ¥21.8 billion. The initiative is intended to strengthen solutions covering entire production lines and the Company's comprehensive proposal capabilities by combining its proprietary technology in electronic component mounting robots with FFT's semiconductor-related technology.