Expansion of the ultrasonic 3D sensor business through the acquisition of Chirp
First written in FY2018. 1 of 2 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2019-Q1.
No other company in this theme has enough history to compare yet.
- FY2019-Q1AdvancedAnnual report
「The purchase price allocation procedure for the acquisition of Chirp Microsystems Inc. in the previous consolidated fiscal year was completed during the first quarter of the current consolidated fiscal year. As a result, ¥2,297 million of goodwill was allocated to the Sensor Application Products segment. In addition, ¥770 million was allocated to in-process research and development, a non-amortizable intangible asset.」
For the Chirp acquisition, the purchase price allocation procedure was completed in the first quarter, with ¥2,297 million allocated to goodwill and ¥770 million to in-process research and development. - FY2018First statedAnnual report
「On 28 February 2018 (the acquisition date), the Group acquired for cash all 29,368 thousand issued shares of Chirp, representing 100% of its outstanding shares, for an acquisition price of ¥3,015 million, in accordance with the terms of the acquisition agreement executed on 28 February 2018. Chirp became a consolidated subsidiary of the Company.」
The acquisition of 100% of Chirp, a developer of high-performance ultrasonic 3D sensors, and its conversion into a consolidated subsidiary were first noted. The stated purpose was to expand ultrasonic sensor solutions together with fingerprint authentication sensors.