Expansion of the Flexible Printed Circuit Manufacturing Equipment Business Through the Acquisition of CAP Co., Ltd.
First written in FY2017-Q2. 3 of 6 entries say "Restated". Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020WorsenedAnnual report
「The goodwill was recognized when CAP, a consolidated subsidiary, was made a subsidiary. As the originally anticipated earnings were no longer expected to be generated, the entire amount of goodwill was recognized as an impairment loss under extraordinary losses.」
The company cites the past event in which all goodwill recognized when CAP was acquired was impaired because the anticipated earnings were no longer expected to be generated. - FY2018-Q3RestatedAnnual report
「We continue to focus on expanding our printed circuit board manufacturing equipment business by leveraging CAP, which has technology related to manufacturing equipment for flexible printed circuits and became a subsidiary in August 2016.」
The company continued to focus on expanding its printed circuit board manufacturing equipment business by leveraging CAP's technology. - FY2018-Q2RestatedAnnual report
「We continue to focus on expanding our printed circuit board manufacturing equipment business by leveraging CAP, which has technology related to manufacturing equipment for flexible printed circuits and became a subsidiary in August 2016.」
The company continued to focus on expanding its printed circuit board manufacturing equipment business by leveraging CAP's technology. - FY2017RestatedAnnual report
「By making CAP a subsidiary, we plan to expand our manufacturing equipment business for printed circuit boards by leveraging CAP's technology for flexible printed circuit manufacturing equipment and its roll-to-roll transfer technology.」
The company continued to disclose its policy of expanding the printed circuit board manufacturing equipment business through the acquisition of all CAP shares, making CAP a consolidated subsidiary and creating technology synergies. - FY2017-Q3AdvancedAnnual report
「As the company newly acquired shares in CAP during the third quarter of the current consolidated fiscal year, CAP has been included in the scope of consolidation.」
After acquiring all of CAP's shares, CAP was included in the scope of consolidation from the third quarter, and goodwill of ¥112.970 million was recognized. As the deemed acquisition date was 31 August 2016, CAP's results are not included in the income statement for the current quarter. - FY2017-Q2AchievedAnnual report
「By making CAP a subsidiary, we plan to expand our manufacturing equipment business for printed circuit boards by leveraging CAP's technology for flexible printed circuit manufacturing equipment and its roll-to-roll transfer technology. As a synergy between the technologies held by our company and CAP, we believe that it will become possible to develop new equipment that could not be developed independently, by adopting CAP's roll-to-roll transfer technology in our printed circuit board manufacturing equipment and inkjet equipment, and adopting our technology in CAP's equipment.」
On 30 August 2016, the company acquired 100% of CAP's issued shares for a cash consideration of ¥10 million. The acquisition was intended to leverage CAP's flexible printed circuit manufacturing equipment technology and roll-to-roll transfer technology, and to develop new equipment through mutual adoption of the two companies' technologies.