JAPAN 3D DEVICES Establishes Mass-Production System for Concave Mirrors Used in HUDs
First written in FY2016. 3 of 7 entries say "Restated". Latest entry: FY2022.
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- FY2022WorsenedAnnual report
「For JAPAN 3D DEVICES株式会社, because sales growth is expected to fall below the assumptions made at the time of the acquisition, the carrying amount of goodwill, including production equipment for the lighting business, was reduced to its recoverable amount due to the decline in the underlying value. The reduction was recorded as an impairment loss under extraordinary losses.」
The process of making JAPAN 3D DEVICES a subsidiary was completed, but sales growth was expected to fall below the assumptions made at the time of the acquisition, and deterioration in the outlook for the mass production and monetization targets for concave HUD mirrors and related products was reported. - FY2022-Q2AdvancedAnnual report
「Date of business combination: 16 August 2021” “Voting interest held immediately before the business combination: 19.97%” “Voting interest additionally acquired after the business combination: 80.00%” “Voting interest after acquisition: 99.97%」
The company acquired additional shares in JAPAN 3D DEVICES and, as of 16 August 2021, raised its voting interest from 19.97% to 99.97%, making it a consolidated subsidiary. Although the structure of the business, including concave HUD mirrors, progressed through the capital relationship, the achievement of mass-production capabilities itself was not stated. - FY2022-Q1AdvancedAnnual report
「This is because the company will acquire additional shares in JAPAN 3D DEVICES株式会社, making it a subsidiary, and because the subsidiary's capital will amount to at least 10% of the company's capital, while its net assets at the end of its most recent fiscal year will amount to at least 30% of the company's net assets at the end of its most recent fiscal year, causing it to qualify as a specified subsidiary.」
The company resolved to acquire additional shares in JAPAN 3D DEVICES and stated a plan to make it a subsidiary by raising its voting interest from 19.97% to 99.97%. The structure of the thin, precision-molded glass business, including concave HUD mirrors, has been concretely changed through the capital relationship, but the achievement of mass production itself was not stated. - FY2019RestatedAnnual report
「We intend to respond to the future shift toward glass concave HUD mirrors by urgently establishing mass-production capabilities for glass HUD concave mirrors with complex shapes that other glass manufacturers cannot produce.」
The company has reiterated its policy of establishing mass-production capabilities for concave HUD mirrors through JAPAN 3D DEVICES. - FY2018RestatedAnnual report
「We intend to respond to the future shift toward glass concave HUD mirrors by urgently establishing mass-production capabilities for glass HUD concave mirrors with complex shapes that other glass manufacturers cannot produce.」
The company has reiterated its policy of establishing mass-production capabilities for concave HUD mirrors through JAPAN 3D DEVICES. - FY2017RestatedAnnual report
「We intend to respond to the future shift toward glass concave HUD mirrors by urgently establishing mass-production capabilities for glass HUD concave mirrors with complex shapes that other glass manufacturers cannot produce.」
The company continues to state its policy of establishing mass-production capabilities for concave HUD mirrors through JAPAN 3D DEVICES. - FY2016First statedAnnual report
「We intend to respond to the future shift toward glass concave HUD mirrors by urgently establishing mass-production capabilities for glass HUD concave mirrors with complex shapes that other glass manufacturers cannot produce.」
The company has identified entry into thin, precision-molded glass through an affiliated company and the establishment of mass-production capabilities for concave HUD mirrors as priorities.