Strengthening ASEAN Local Production and Cost Competitiveness Through the Acquisition of ESE (T)
First written in FY2018-Q2. 2 of 6 entries say "Achieved", first in FY2018-Q3. Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1AchievedAnnual report
「ESE INDUSTRIES (THAI) CO., LTD. was liquidated during the current interim consolidated accounting period and was therefore excluded from the scope of consolidation.」
The liquidation of ESE INDUSTRIES (THAI) was completed and the company was excluded from the scope of consolidation. The earlier initiative to establish a subsidiary, including the development of an ASEAN site, reached the liquidation stage. - FY2021AdvancedAnnual report
「In the electronic chemicals business, progress is being made in the production of solder-paste-related products in Europe, where automotive-related companies are concentrated, and in obtaining customer certification for the new plant in Thailand.」
Progress was made in obtaining customer certification at the new plant in Thailand, advancing the local production for local consumption and customer support structure in ASEAN. - FY2020AdvancedAnnual report
「The breakdown of capital expenditure for the consolidated fiscal year was as follows.」
Capital expenditure of ¥196 million was made on equipment for the new ESE INDUSTRIES (THAI) factory, advancing the development of local production for local consumption and the production structure in ASEAN to the investment execution stage. - FY2018RestatedAnnual report
「This will enable local production for local consumption through integrated production from solder processing, leading to business expansion and higher profits through lower costs. In addition, by establishing a new production site in the ASEAN region, we will seek to reduce foreign-exchange risk and strengthen the Tamura Group’s crisis management structure.」
The annual report continued to state the objectives of making ESE a subsidiary and pursuing local production for local consumption, cost reductions and foreign exchange risk mitigation through ASEAN sites. - FY2018-Q3AchievedAnnual report
「Based on this, the Company entered into a share purchase and sale agreement on the same date and acquired the shares on 30 November of the same year.」
The Company acquired an 84.53% voting interest in ESE INDUSTRIES (THAI) and completed the process of making it a subsidiary on 30 November 2017. - FY2018-Q2First statedAnnual report
「This will enable local production for local consumption through integrated production from solder processing, leading to business expansion and higher profits through lower costs. In addition, by establishing a new production site in the ASEAN region, we will seek to reduce foreign-exchange risk and strengthen the Tamura Group’s crisis management structure.」
The plan was announced to acquire 84.5% of the voting rights of ESE INDUSTRIES (THAI) and make it a subsidiary on 30 November 2017. The acquisition cost was ¥836 million, with the aims of establishing integrated production in ASEAN, reducing costs and mitigating foreign exchange risk.