Acquisition of all shares of NKT Photonics A/S and its conversion into a subsidiary
First written in FY2022-Q3. 2 of 8 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1AchievedAnnual report
「For the business combination with NKT Photonics A/S conducted on 31 May 2024, provisional accounting treatment had been applied in the previous consolidated fiscal year and was finalized during the current interim consolidated accounting period. There was no change in the amounts resulting from the finalization of the provisional accounting treatment.」
It was confirmed that the previously planned business combination involving the acquisition of all shares of NKT Photonics A/S was completed on 31 May 2024. The provisional purchase price allocation was also finalized, with no change in the amounts. - FY2024-Q2AdvancedAnnual report
「The application was accepted by the Danish Business Authority on 26 July 2023. Following consultations by the Minister for Industry, Business and Financial Affairs with the Minister of Finance, the Minister for Foreign Affairs, the Minister of Justice and the Minister of Defence, the Minister for Industry, Business and Financial Affairs decided to approve the application, and the company received notification from the Danish Business Authority on 6 May 2024 that the acquisition of the shares had been approved.」
The resubmitted application for the acquisition of NKT Photonics A/S was approved by the Danish authorities, and regulatory approval was obtained. The company planned to acquire all shares and 100% of the voting rights during the third quarter. Expected purchase consideration was updated to approximately €239 million (approximately ¥39,030 million), and estimated acquisition-related costs to ¥1,000 million. The acquisition itself had not yet been completed. - FY2024-Q1RestatedAnnual report
「After holding the necessary discussions internally and with external parties, the company submitted a new application to the Danish Business Authority on 20 July 2023 for the acquisition of shares to make NKT Photonics A/S a subsidiary of Photonics Management Europe S.r.l. (the company's sub-subsidiary).」
The 20 July 2023 resubmission for the acquisition of NKT Photonics A/S continues to be disclosed. There is no disclosure that the acquisition has been completed or approval obtained. - FY2023-Q3AdvancedAnnual report
「After holding the necessary discussions internally and with external parties, the company submitted a new application to the Danish Business Authority on 20 July 2023 for the acquisition of shares to make NKT Photonics A/S a subsidiary of Photonics Management Europe S.r.l. (the company's sub-subsidiary).」
Following the rejection by the Danish authorities, the company resubmitted the application for the share acquisition on 20 July 2023 after discussions internally and with external parties. The acquisition had not been completed and approval had not been obtained. - FY2023-Q2SoftenedAnnual report
「Subsequently, Denmark's Minister for Industry, Business and Financial Affairs decided to reject the application relating to the acquisition of the shares under the Danish Investment Screening Act, and the company received notification of the decision from the Danish Business Authority on 2 May 2023.」
Although approval was obtained in Germany, the United Kingdom and the United States for the planned acquisition of all shares of NKT Photonics A/S, the Danish authorities rejected the application, making the feasibility of the plan uncertain. - FY2023-Q1Updated expected purchase considerationAnnual report
「Purchase consideration Cash Approximately €226 million (¥32,000 million) (planned)」
For the acquisition of all shares of NKT Photonics A/S, the planned execution date of 31 March 2023 and the 100% voting rights ratio were maintained. Expected purchase consideration was stated as approximately ¥32,000 million, and estimated acquisition-related costs as ¥730 million. - FY2022Updated expected purchase considerationAnnual report
「Purchase consideration Cash Approximately €226 million (¥32,192 million) (planned)」
The plan to acquire all shares of NKT Photonics A/S was updated to reflect execution on 31 March 2023, a 100% voting rights ratio, expected purchase consideration of approximately €226 million (¥32,192 million), and estimated acquisition-related costs of ¥710 million. - FY2022-Q3First statedAnnual report
「NKT Photonics A/S is a fiber laser manufacturer with proprietary photonic crystal fiber manufacturing technology for ultrashort-pulse laser amplification and fiber delivery. The company, meanwhile, specializes in a laser diode business based on compound semiconductor manufacturing technology, making it complementary to NKT Photonics A/S, which specializes in fiber lasers. The company decided to acquire shares in NKT Photonics A/S after determining that it could further expand the laser business market by sharing and combining the expertise, know-how and management resources developed by both companies.」
Based on a resolution of the Board of Directors on 9 June 2022, a consolidated subsidiary entered into a share transfer agreement dated 24 June 2022. The company planned to acquire all shares on 31 March 2023 and make NKT Photonics A/S a subsidiary with a 100% voting rights ratio. The purchase consideration was estimated at approximately €205 million (approximately ¥29,499 million), with acquisition-related costs estimated at ¥700 million. The plan was to expand the laser business market by combining the compound semiconductor-based laser diode business with NKT's photonic crystal fiber technology.