Acquisition of shares in and acquisition of Norsonic AS as a subsidiary
First written in FY2023-Q1. 3 of 8 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2025.
1 other company's latest entry also says "Restated".
- FY2025RestatedAnnual report
「In the environmental equipment business, the company is developing products and services in collaboration with Norsonic.」
The company states that, following the acquisition of Norsonic AS, it is jointly advancing the development of products and services in the environmental equipment business. - FY2024-Q3Purchase price allocation for Norsonic AS acquisition finalizedAnnual report
「Following finalisation of this provisional accounting treatment, a material revision to the initial allocation of the acquisition cost has been reflected in the comparative information included in the quarterly consolidated financial statements for the 9-month consolidated period of the current fiscal year.」
The previously provisional purchase price allocation for the acquisition of Norsonic AS was finalized. Goodwill decreased by ¥178,788 thousand from ¥1,034,739 thousand to ¥855,951 thousand. Customer-related assets of ¥112,805 thousand and technology-related assets of ¥129,769 thousand were also recognized. - FY2024-Q2RestatedAnnual report
「Revenue and profit increased year on year in the environmental equipment business, due in part to the contribution from Norsonic AS, which was acquired in November 2022.」
The contribution from Norsonic AS following its acquisition was also identified as a factor behind higher revenue and profit in the environmental equipment business for the cumulative second quarter. - FY2024-Q1RestatedAnnual report
「Overall revenue increased year on year, due in part to the contribution from the performance of Norsonic AS, acquired in November 2022.」
The company continues to identify Norsonic AS’s contribution following its acquisition as a factor behind higher revenue in the environmental equipment business. - FY2023Acquired company’s earnings reflected in full-year consolidated resultsAnnual report
「During the current consolidated fiscal year, the company acquired shares in Norsonic AS and made it a consolidated subsidiary.」
Following completion of the acquisition of Norsonic AS, its results for the period from 1 October to 31 December 2022 were included in consolidated profit or loss, and goodwill of ¥829 million was recorded. - FY2023-Q3AdvancedAnnual report
「Following the acquisition of all shares in Norsonic AS on 7 November 2022, the company has included Norsonic in the scope of consolidation from the current third-quarter consolidated accounting period. The deemed acquisition date was 30 September 2022, and because the difference from the quarterly consolidated closing date did not exceed 3 months, only Norsonic’s balance sheet has been consolidated for the current third-quarter consolidated accounting period.」
Following the acquisition of all shares in Norsonic AS, the company included it in the scope of consolidation from the third-quarter consolidated accounting period. Because of the difference from the deemed acquisition date, only its balance sheet has been consolidated for the current quarter. - FY2023-Q2AchievedAnnual report
「At a meeting of the Board of Directors held on 25 July 2022, the company resolved to acquire shares in Norsonic AS (hereinafter, “Norsonic”) and make it a subsidiary as described below, entered into a share transfer agreement on the same date, and acquired all shares on 7 November 2022.」
The acquisition of all shares in Norsonic AS and its conversion into a subsidiary, planned for FY2023-Q1, was completed on 7 November 2022. The acquisition consideration was NOK 121,996 thousand, or ¥1,743,322 thousand, and the voting rights ratio was 100%. - FY2023-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 25 July 2022, the company resolved to acquire shares in Norsonic AS (hereinafter, “Norsonic”) and make it a subsidiary as described below, and entered into a share transfer agreement on the same date. The share transfer is scheduled to be completed on 31 October. Voting rights to be acquired: 100%. Consideration: cash, NOK 112,709 thousand, approximately ¥1,589,203 thousand.」
The company resolved to acquire shares in Norsonic AS, a European manufacturer of acoustic and vibration measurement instruments, for cash consideration and make it a subsidiary, and entered into a share transfer agreement. The main reasons were to expand its global market share, acquire NorCloud, an environmental monitoring system in Europe, and create synergies among its products, technologies and sales networks. The share transfer was scheduled for 31 October 2022, with the company ultimately planning to acquire 100% of the shares, including the minority interest. The earn-out consideration was set at between NOK 0 and NOK 6,000 thousand.