Expansion of the Functional Thin-Film Business through the Full Subsidiarization of Niko Optics
First written in FY2020. 1 of 2 entries say "Achieved", first in FY2020. Latest entry: FY2021-Q2.
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- FY2021-Q2AdvancedAnnual report
「③ Functional Thin Films and Glass Business Revenue for the six months ended 30 June was ¥729 million, an increase of ¥151 million, or 26.2%, from the same period of the previous year. Segment profit (operating profit) was ¥68 million, an improvement of ¥20 million, or 43.7%, year on year. In addition to higher revenue from decorative vapor deposition on glass containers, revenue increased following the acquisition of Nikko Optics Co., Ltd., including vapor deposition on surface glass for cockpit LCD displays.」
For wholly owned subsidiary 二光光学, the disclosure states that increased sales from such activities as vapor deposition on surface glass for cockpit liquid-crystal displays contributed to higher revenue and profit in the functional thin-film and glass business. - FY2020AchievedAnnual report
「The Company’s Board of Directors resolved on 31 March 2020 to acquire the shares of 二光光学株式会社 and make it a subsidiary, and it became a subsidiary upon the acquisition of the shares on 1 April 2020. ”Acquired voting rights: 100%”」
To deploy its multilayer thin-film technology in new product fields, the Company made 二光光学 a wholly owned subsidiary with 100% of voting rights effective 1 April 2020. The acquisition cost was ¥151.260 million.