Expansion of the Electronic Components, EMS, and New Businesses through the Acquisition of Excel as a Wholly Owned Subsidiary
First written in FY2020-Q3. 2 of 6 entries say "Restated". Latest entry: FY2023-Q2.
- FY2023-Q2RestatedAnnual report
「In addition, PMI (Note) at acquired companies, including 加賀FEI株式会社 and 株式会社エクセル, progressed smoothly and contributed to higher earnings.」
The company continued to explain that PMI at acquired companies such as 加賀FEI and エクセル was progressing smoothly and contributing to higher earnings. - FY2023-Q1RestatedAnnual report
「In addition, PMI (Note) at acquired companies, including 加賀FEI株式会社 and 株式会社エクセル, progressed smoothly and contributed to higher earnings in this business.」
The company continued to explain that PMI at acquired companies such as 加賀FEI and エクセル was progressing smoothly and contributing to higher earnings in the electronic components business. - FY2022-Q2AdvancedAnnual report
「In addition to the recovery in demand for the electronic components business, the acquired companies, including Kaga FEI Corporation and Excel Corporation, are contributing to earnings through steady PMI progress, and progress toward achieving the earnings target is ahead of plan.」
The company explained that PMI at acquired companies, including エクセル, was progressing smoothly and, through their contribution to profits, was contributing at a pace exceeding the plan’s profit target. - FY2022-Q1Progress in post-acquisition PMI explicitly disclosedAnnual report
「In addition to the overall recovery in demand, the recovery in profitability in the electronic components business, driven by steady progress in PMI at Kaga FEI Corporation and Excel Corporation, among others,」
The company explained that post-acquisition integration following the acquisition of エクセル as a wholly owned subsidiary, including PMI, was progressing smoothly. - FY2021-Q1AchievedAnnual report
「Effective 1 April 2020, as part of the Group’s growth strategy, the Company acquired 100% of the shares of Excel Corporation and made it a subsidiary.」
The company made エクセル a wholly owned subsidiary effective 1 April 2020, bringing its post-acquisition voting rights ratio to 100%. Multiple companies under エクセル also entered the scope of consolidation, and the company moved into the implementation phase for measures covering electronic components and semiconductors, EMS, new businesses and management efficiency. - FY2020-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 9 December 2019, the company resolved to enter into a share transfer agreement with 株式会社シティインデックスイレブンス (hereinafter, “CI11”) covering the issued shares of 株式会社エクセル (hereinafter, “エクセル”), and entered into the agreement on the same date. The acquisition of エクセル shares under the agreement (the “Share Acquisition”) was carried out on 1 April 2020, when エクセル was scheduled to become a wholly owned subsidiary of the company. (2) Acquisition price (Estimated) Common shares of 株式会社エクセル ¥100 million (Note 2) Advisory fees and other costs ¥250 million Total ¥350 million (3) Ownership interest after acquisition 100.0%」
The company entered into a share transfer agreement to make エクセル a wholly owned subsidiary, with 1 April 2020 as the scheduled acquisition date. The estimated acquisition price was ¥350 million and the post-acquisition ownership interest was 100.0%. The company expected to expand its share of the electronic components and semiconductor businesses using products such as liquid crystal devices and semiconductors and エクセル’s customer base in China, expand the scale of its EMS business, acquire new businesses including EV-related operations, and improve management efficiency through collaboration between the two companies.