RF business joint venture and technology cooperation with Qualcomm
First written in FY2016. 7 of 12 entries say "Restated". Latest entry: FY2020.
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- FY2020RestatedAnnual report
「Our group exercised the option on 30 August 2019 and sold the 49% interest on 16 September 2019. The sale price was US$1,150 million, as specified in the option agreement, and the sale had no material impact on the consolidated statement of income for the current consolidated fiscal year.」
The completion of the transaction with Qualcomm through the sale of the remaining 49% interest in RF360 Holdings was also confirmed for the full year. - FY2020-Q3RestatedAnnual report
「Our group exercised the option on 30 August 2019 and sold the 49% interest on 16 September 2019. The sale price was US$1,150 million, as specified in the option agreement, and the sale had no material impact on the quarterly consolidated statements of income for the cumulative period and the three-month period of the third quarter of the current fiscal year.」
The completed exercise and sale transaction and the sale price relating to the remaining 49% interest in RF360 Holdings, the joint venture with Qualcomm, were reconfirmed. - FY2020-Q2AchievedAnnual report
「Our group exercised the option on 30 August 2019 and sold the 49% interest on 16 September 2019. The sale price was US$1,150 million, as specified in the option agreement, and the sale had no material impact on the quarterly consolidated statements of income for the cumulative period and the three-month period of the second quarter of the current fiscal year.」
Our group exercised the option to sell the remaining 49% interest in RF360 Holdings, the joint venture with Qualcomm, and sold the interest for US$1,150 million on 16 September 2019. - FY2020-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 31 July 2019, our company resolved to exercise the option to sell its 49% interest in RF360 Holdings, the joint venture funded by TDK Electronics AG. The option exercise date was scheduled for 30 August 2019. This option was granted under the business alliance agreement executed with Qualcomm on 13 January 2016 in connection with the establishment of the joint venture. The sale price was US$1,150 million, as specified in the option agreement, and the sale had no material impact on the quarterly consolidated statements of income.」
A resolution was passed to exercise the option to sell the remaining 49% interest in RF360 Holdings, the joint venture with Qualcomm. The scheduled exercise date of 30 August 2019 and the sale price of US$1,150 million were disclosed. - FY2019RestatedAnnual report
「Our group and QGT were each granted an option, exercisable 30 months after the business transfer date, to sell and purchase, respectively, the remaining 49% interest in RF360 Holdings.」
The option terms relating to the remaining 49% interest after the joint venture with Qualcomm were also confirmed for the full year. - FY2018RestatedAnnual report
「Our group and QGT were each granted an option, exercisable 30 months after the business transfer date, to sell and purchase, respectively, the remaining 49% interest in RF360 Holdings.」
The transfer of the RF components business and the 30-month options relating to the remaining 49% interest after the joint venture with Qualcomm have also been confirmed in the full-year transaction disclosures. - FY2018-Q3AdvancedAnnual report
「Other passive components comprise RF components, piezoelectric materials and components, and circuit protection components. Sales were ¥93,782 million, compared with ¥205,385 million in the same period of the previous year, a decrease of 54.3%. Sales, mainly to the ICT market, declined substantially due to the transfer of part of the RF components business to RF360 Holdings Singapore PTE. Ltd., the joint venture with Qualcomm Incorporated.」
The impact of transferring the RF components business to the Qualcomm joint venture is reflected in a 54.3% decline in sales of other passive components. - FY2018-Q2RestatedAnnual report
「Our group and QGT were each granted an option, exercisable 30 months after the business transfer date, to sell and purchase, respectively, the remaining 49% interest in RF360 Holdings.」
The 30-month options to sell and purchase the remaining 49% interest in connection with the RF business transaction with Qualcomm continue to be confirmed. - FY2018-Q1RestatedAnnual report
「Our group and QGT were each granted an option, exercisable 30 months after the business transfer date, to sell and purchase, respectively, the remaining 49% interest in RF360 Holdings.」
The terms of the Qualcomm joint venture transaction, including the options to sell and purchase the remaining 49% interest, have been confirmed. - FY2017RestatedAnnual report
「In the fiscal year ending March 2018, the final year of the medium-term plan, we will respond accurately to the growing need for component modularization and use our technology cooperation with Qualcomm across a broad range of advanced technologies, including passive components, rechargeable batteries, wireless power transfer and sensors, to further advance our group’s materials and component technologies and accelerate the development of new products in growth markets such as the Internet of Things (IoT).」
The policy is to continue using technology cooperation with Qualcomm for modularization and the development of new products for IoT applications after the transfer of the RF business. - FY2017-Q3AchievedAnnual report
「On 3 February 2017, our group transferred part of its RF components business and transferred its 51% interest in RF360 Holdings Singapore PTE. Ltd., a holding company whose subsidiaries operate the RF components business, to Qualcomm Global Trading PTE. Ltd., a wholly owned indirect subsidiary of Qualcomm.」
The transfer of part of the RF components business under the joint venture agreement with Qualcomm and the transfer of the 51% interest in RF360 were completed. - FY2016First statedAnnual report
「The joint venture was named RF360 Holdings Singapore PTE. Ltd., with QGT holding 51% and EPCOS 49%. We and Qualcomm also agreed to expand technology cooperation in key technology areas, including sensors and wireless power transfer.」
The establishment of the RF business joint venture, the ownership percentages, and technology cooperation in sensors and wireless power transfer have been specified. The closing was expected by early 2017.