Fujitsu Ten Limited to Become a Consolidated Subsidiary
First written in FY2017. 1 of 2 entries say "Achieved", first in FY2018-Q2. Latest entry: FY2018-Q2.
No other company in this theme has enough history to compare yet.
- FY2018-Q2AchievedAnnual report
「On 1 November 2017, the company acquired part of the shares of Fujitsu Ten Co., Ltd., a consolidated subsidiary of Fujitsu Limited, from Fujitsu Limited and made Fujitsu Ten a newly consolidated subsidiary effective the same day. The company's voting rights ratio in Fujitsu Ten increased from 10% as of 31 October 2017 to 51% as of 1 November 2017, giving it a majority of the voting rights.」
The company increased its voting rights ratio in Fujitsu Ten from 10% to 51% and completed the consolidation of Fujitsu Ten effective 1 November 2017. - FY2017First statedAnnual report
「At a board meeting held on 28 April 2017, the company resolved to acquire part of the shares of Fujitsu Ten Co., Ltd., a consolidated subsidiary of Fujitsu Limited, from Fujitsu Limited and make it a consolidated subsidiary. Following the transaction, the company was expected to hold 2,346,000 shares, representing 51.00% of voting rights, with the share transfer scheduled for 2 October 2017.」
The company has disclosed for the first time its plan to acquire additional shares of Fujitsu Ten and increase its ownership to 51%, with the aim of strengthening cooperation in automotive ECUs, millimeter-wave radar, advanced driver assistance and automated driving, and electronic platform technologies. The estimated acquisition price is ¥16,871 million.