Sensor Technology and Data Utilization Business through the Acquisition of Bend Labs
First written in FY2023-Q1. 1 of 4 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2025.
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- FY2025WorsenedAnnual report
「In addition, we recognized an impairment loss of ¥5,199 million on goodwill related to the flexible sensor business of Nitto Bend Technologies, which belongs to the Other segment.」
An impairment loss of ¥5,199 million on goodwill was recognized in the flexible sensor business originating from the acquisition of Bend Labs, following a review of the business plan. - FY2024Update on Sensor Business ProfitabilityAnnual report
「This segment includes other products that have not yet generated sufficient revenue. It primarily sells flexible sensor kits for developers.」
The sensor business originating from Bend Labs was disclosed as a new business centered on selling kits to developers that had not yet generated sufficient revenue. - FY2023-Q2AdvancedAnnual report
「Effective 31 May 2022, Bend Labs, Inc. (hereinafter, "Bend") was integrated into the Nitto Group and began operations as Nitto Bend Technologies (U.S.A.-Utah). Going forward, we aim to create new businesses by combining the sensor device technology developed by Bend with Nitto's strengths to develop next-generation technologies and products and by utilizing data collected from sensors.」
Following the acquisition of Bend Labs as a wholly owned subsidiary, integration into the Nitto Group and the launch of operations as Nitto Bend Technologies proceeded. The policy of combining sensor technology with Nitto's technology and creating data-utilization businesses was also reconfirmed. - FY2023-Q1First statedAnnual report
「On 31 May 2022, we acquired 100% of the shares of Bend Labs, Inc., making it a wholly owned subsidiary of the Group under the name Nitto Bend Technologies (ベンド・テクノロジーズ). Going forward, we aim to achieve further business growth in our three focus fields, next-generation mobility, information interfaces and Human Life, by combining the sensor device technology developed by Bend Labs, Inc. with Nitto's strengths to develop next-generation technologies and products, as well as by creating new businesses that utilize data collected from sensors.」
Following the acquisition of Bend Labs as a wholly owned subsidiary, the plan to develop next-generation products by combining its sensor device technology with Nitto's technology, and to pursue new businesses using sensor data, was introduced for the first time across the three focus fields.