Acquisition of Frederique Constant Holding SA as a Subsidiary and Entry into the High-End Market
First written in FY2016. 2 of 8 entries say "Restated". Latest entry: 2026-05-13.
No other company in this theme has enough history to compare yet.
- 2026-05-13AdvancedEarnings
「Added: 1 company (name: Manufacture Arnold & Son-Angelus SA); removed: — companies (name: —)」
A new company related to the high-priced and mechanical watch businesses was added to the scope of consolidation. This is recorded as an event related to expansion into the existing high-priced market and the multi-brand strategy. - FY2019-Q3RestatedAnnual report
「For the multi-brand business, Frederique Constant struggled amid challenging market conditions and other factors, while the BULOVA brand performed well in North America, led by new products. As a result, the multi-brand business as a whole posted higher sales.」
The acquired Frederique Constant brand struggled amid challenging market conditions and other factors, while strong performance by BULOVA resulted in higher revenue for the multibrand business as a whole. - FY2019-Q2WorsenedAnnual report
「The “Frederique Constant” brand struggled amid challenging market conditions and other factors, resulting in lower revenue for the multibrand business as a whole.」
The acquired Frederique Constant brand struggled amid challenging market conditions and other factors, contributing to lower revenue for the multibrand business as a whole. - FY2018-Q2AdvancedAnnual report
「The “Frederique Constant” brand performed well, mainly in the Asian market.」
The acquired Frederique Constant brand performed well, mainly in the Asian market. - FY2018-Q1Cited as achievedAnnual report
「Frederique Constant Holding SA was acquired as part of the watch business’s multibrand strategy.」
The acquisition of Frederique Constant Holding SA is reiterated as an initiative carried out in the previous fiscal year under the multibrand strategy. - FY2017-Q2AchievedAnnual report
「The acquisition of the “FREDERIQUE CONSTANT” brand was completed in July this year, and the brand is contributing to sales growth for the Company, mainly in Europe.」
The acquisition of Frederique Constant Holding SA was completed on 11 July 2016, resulting in its consolidation as a wholly owned subsidiary, with an acquisition cost of ¥13,351 million and goodwill of ¥7,306 million. In addition to contributing to sales growth, mainly in Europe, future initiatives include synergies among the brands, joint development of movement technology and shared infrastructure. - FY2017-Q1RestatedAnnual report
「In May, the Company also signed a share transfer agreement with Frederique Constant. The Swiss-made luxury watch brand “Frederique Constant” will be added to the Citizen Group’s brand portfolio.」
The signing of a share transfer agreement with Frederique Constant and the planned addition of the brand to the portfolio are reiterated. - FY2016First statedAnnual report
「By making Frederique Constant Holding SA a subsidiary, the Group aims to increase its presence in distribution channels and the high-end market not covered by the brands held by the Group, including the Citizen brand, and to enhance corporate value.」
A share transfer agreement was signed on 26 May 2016, with a 100% acquisition planned for CHF125 million and the business combination scheduled for July 2016.