49% Stake in Ficosa and Collaboration in the Automotive Mirror Business
First written in FY2016. 3 of 3 entries say "Advanced", first in FY2016. Latest entry: FY2018-Q3.
No other company in this theme has enough history to compare yet.
- FY2018-Q3AdvancedAnnual report
「Ficosa’s revenue and profit before tax included in the condensed quarterly consolidated income statement for the nine-month period ended in the third quarter were ¥113,944 million and ¥2,828 million, respectively.」
Disclosed Ficosa’s nine-month revenue of ¥113,944 million and profit before tax of ¥2,828 million following its consolidation as a subsidiary. - FY2017AdvancedAnnual report
「On 19 April 2017, with respect to Ficosa International S.A., a Spanish equity-method affiliate in which we held 49% of the total issued shares, the conditions for exercising a call option to acquire an additional 20% of the shares we held were satisfied. Taking into account the potential voting rights under the call option, we made Ficosa a consolidated subsidiary.」
The conditions for acquiring an additional 20% of Ficosa, previously a 49%-owned investee, were satisfied, and Ficosa became a consolidated subsidiary. - FY2016AdvancedAnnual report
「On 30 June 2015, we acquired 49% of the shares of Ficosa International S.A., a Spanish manufacturer of automotive mirrors, making it an equity-method affiliate.」
Completed the 49% investment in leading automotive mirror manufacturer Ficosa and positioned collaboration in the next-generation cockpit business as a growth initiative.