Expansion of the magnetic sensor business through the acquisition of Micronas
First written in FY2016. 3 of 4 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2017-Q3.
No other company in this theme has enough history to compare yet.
- FY2017-Q3AdvancedAnnual report
「As a result of completing the purchase price allocation process during the cumulative third quarter of the consolidated fiscal year, goodwill was revised to ¥1,032 million. In the allocation process, ¥4,558 million was allocated to technology other than patents among amortizable intangible assets. Following acquisitions of shares after the Acquisition Date, the Company acquired 3,604 thousand shares of Micronas for an acquisition cost of ¥1,485 million in cash, bringing its ownership interest in Micronas to 100%.」
Additional acquisitions of Micronas brought the ownership interest to 100%, and the purchase price allocation was completed. - FY2017-Q2AdvancedAnnual report
「Following the Acquisition Date, the Company acquired 201 thousand shares, representing 0.72% of Micronas's issued shares excluding treasury shares, for an acquisition cost of ¥170 million in cash.」
Following the acquisition of Micronas, an additional 0.72%, or 201 thousand shares, was acquired. In addition, as the purchase price allocation progressed, the amounts allocated to goodwill and technology-related intangible assets were revised. - FY2017-Q1AdvancedAnnual report
「As of 30 June 2016, the Group held 26,352 thousand shares following additional acquisitions after the Acquisition Date, representing an ownership interest of 94.04%. The total acquisition cost of ¥22,607 million was paid in cash.」
Additional acquisitions after the acquisition of Micronas brought the ownership interest to 94.04% as of 30 June 2016. Micronas's post-acquisition results were also included in the consolidated results from the current quarter. - FY2016AchievedAnnual report
「On 8 March 2016 (the "Acquisition Date"), in a tender offer conducted under the share purchase framework agreement signed on 17 December 2015, the Group acquired 26,154 thousand shares of Micronas, representing 93.33% of its issued shares excluding treasury shares, for an acquisition cost of ¥22,440 million. As a result, Micronas became a consolidated subsidiary of the Company.」
The acquisition of Micronas to expand the magnetic sensor business is described, including the Acquisition Date and the ownership percentage acquired.