Enhancing the Value of the Card Printer Business Through the Wholly Owned Subsidiarization of G-Pritch
First written in FY2019-Q3. 1 of 3 entries say "Achieved", first in FY2019. Latest entry: FY2025.
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- FY2025WorsenedAnnual report
「Goodwill in the card printer business was recognized upon the business combination with G-Pritintec Co., Ltd. Of the ¥2,485 million in goodwill recorded during the current consolidated fiscal year, an impairment loss of ¥1,390 million was recognized.」
Of the ¥2,485 million in goodwill relating to G-Pritintec's card printer business, which was converted into a wholly owned subsidiary, ¥1,390 million was impaired. - FY2019AchievedAnnual report
「Name of the acquiree: G-Pritintec Co., Ltd. Acquisition date: 3 December 2018 Fair value at the acquisition date of the acquiree shares held immediately before the acquisition: ¥1,440 million Fair value of the acquiree shares additionally acquired on the acquisition date: ¥2,160 million Voting rights ratio after the acquisition: 100.0%」
On 3 December 2018, the group additionally acquired a 60% interest in G-Pritintec, in which it held a 40% interest, completing its conversion into a wholly owned subsidiary at an acquisition cost of ¥3.6 billion. The group acquired the company's design and development functions to increase the value added of the card printer business and generate synergies. - FY2019-Q3First statedAnnual report
「Principal reasons for the business combination The card printer business, one of the core businesses of the Electronics and Devices segment, has focused on distributing card printers for many years. G-Pritintec Co., Ltd. was positioned as an important strategic function for further increasing the value added of this business. The group determined that acquiring the company's printer design and development functions would enable it to meet a wider range of customer needs, generate synergies between the companies and contribute to increasing the corporate value of the consolidated group.」
On 3 December 2018, the voting rights ratio in G-Pritintec was increased from 40% to 100%, completing its conversion into a wholly owned subsidiary and bringing its card printer design and development functions into the group. The acquisition cost was ¥3.6 billion, and the provisionally recognized goodwill was ¥4.347 billion.