Komori
Towa (6315) · InitiativeFirst stated

Acquisition of K-Tool’s mold manufacturing business by TOWA TOOL and expansion in Southeast Asia

First written in FY2024-Q1. . Latest entry: FY2024-Q1.

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Expansion of Malaysia's precision-mold business through the acquisition of the K-Tool businessA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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  1. FY2024-Q1First statedAnnual report

    「To further develop and expand its businesses through collaboration between its semiconductor manufacturing equipment and mold manufacturing businesses, the company has decided to acquire the mold manufacturing business of K-Tool Engineering Sdn. Bhd.」

    On 6 April 2023, consolidated subsidiary TOWA TOOL SDN. BHD. acquired from K-Tool Engineering Sdn. Bhd. the business of designing, manufacturing and selling precision molds and mold components, as well as contract processing of components, for cash consideration of 30 million Malaysian ringgit. The acquired voting rights ratio was 100%, the acquisition cost was ¥902.1 million, and goodwill of ¥183.607 million was recognized and will be amortized on a straight-line basis over 8 years.
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