Acquisition of Hamamatsu Photonics Korea Company Limited and Its Consolidation as a Subsidiary
First written in FY2020-Q2. 1 of 3 entries say "Restated". Latest entry: FY2020.
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- FY2020AdvancedAnnual report
「We aim to further expand sales in Asia by strengthening the sales structure for the image measurement equipment business in Korea and meeting the requirements of Korean semiconductor manufacturers and other customers.」
The acquisition of the Korean entity was incorporated into the consolidated results for the fiscal year, with a voting rights ratio of 55%, an acquisition cost of ¥498 million, goodwill of ¥354 million, and results for April through September 2020 included. - FY2020-Q3RestatedAnnual report
「Following the acquisition of shares and the consolidation of Hamamatsu Photonics Korea Co., Ltd. as a subsidiary during the second quarter, the company has been included in the scope of consolidation from the second quarter.」
The Korean entity acquired through the purchase of shares in the second quarter continues to be included in the scope of consolidation. - FY2020-Q2First statedAnnual report
「We aim to further expand sales in Asia by strengthening the sales structure for the image measurement equipment business in Korea and meeting the requirements of Korean semiconductor manufacturers and other customers. The acquisition resulted from our acquisition of the shares in exchange for cash. Voting rights acquired: 55%. Acquisition cost: ¥498 million.」
The shares were acquired on 6 March 2020, and Hamamatsu Photonics Korea Co., Ltd. was consolidated as a subsidiary. The voting rights ratio was 55% and the acquisition cost was ¥498 million, with the objective of strengthening the sales structure in Korea and expanding sales in Asia. Goodwill of ¥354 million was provisionally recognized and is being amortized on a straight-line basis over 8 years.