Strengthening the manufacture and sale of Motion Control products in North America through the acquisition of ATR Sales
First written in FY2023-Q2. 1 of 3 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2023.
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- FY2023AchievedAnnual report
「Date of business combination: 15 July 2022. Voting rights acquired: voting rights before acquisition, 0%; voting rights after acquisition, 100%. Consideration for acquisition (cash): ¥1,737 million」
The acquisition of all equity interests in ATR Sales, Inc. was completed and reflected in the consolidated results for FY2023. The consideration was ¥1,737 million, goodwill recognized was ¥1,419 million, and it will be amortized on a straight-line basis over 8 years. - FY2023-Q3AdvancedAnnual report
「Investment securities decreased by ¥1,551 million, mainly due to a decline in the market value of shares held, while goodwill increased by ¥1,237 million, mainly as a result of the acquisition of all equity interests in ATR Sales, Inc. by U.S. TSUBAKI HOLDINGS, INC., a consolidated subsidiary. Property, plant and equipment also increased by ¥1,098 million due to investment in production facilities and other factors. Consequently, total non-current assets increased by ¥1,074 million from the end of the previous consolidated fiscal year to ¥167,182 million.」
The acquisition of all equity interests in ATR Sales, Inc. was reflected in the consolidated financial position at the end of the third quarter, increasing goodwill by ¥1,237 million. The effects of the acquisition to strengthen the North American Motion Control Business are becoming evident in the asset structure. - FY2023-Q2First statedAnnual report
「Primary reason for the business combination: to strengthen the manufacture and sale of Motion Control products in North America. Date of business combination: 15 July 2022. Voting rights acquired: voting rights before acquisition, 0%; voting rights after acquisition, 100%. Consideration for acquisition (cash): US$13 million」
On 15 July 2022, U.S. TSUBAKI HOLDINGS, INC. acquired all equity interests in ATR Sales, Inc. and began initiatives to strengthen the manufacture and sale of flexible couplings in North America. The consideration was US$13 million, and goodwill recognized was provisionally ¥1,475 million, to be amortized on a straight-line basis over 8 years.