Acquisition of Shares in Fujitsu Electronics Inc. and Conversion into a Subsidiary
First written in FY2019-Q2. 4 of 8 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2022.
43 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「Effective 1 January 2022, we acquired a 15% interest in Kaga FEI Co., Ltd. and made it a wholly owned subsidiary.」
Under the plan to acquire 富士通エレクトロニクス in stages, we acquired an additional 15% interest on 1 January 2022, completing its conversion into a wholly owned subsidiary. - FY2021AdvancedAnnual report
「Effective 28 December 2020, we acquired an additional 15% interest in 富士通エレクトロニクス株式会社.」
We acquired an additional 15% interest in 富士通エレクトロニクス on top of our existing holding, bringing our ownership to 85% at the end of the fiscal year. - FY2021-Q3Renaming of major subsidiaries following the acquisitionAnnual report
「Effective 29 December 2020, 富士通エレクトロニクス株式会社 and 7 other companies changed their corporate names as follows.」
The corporate names of 8 major subsidiaries were changed following the acquisition of 富士通エレクトロニクス, including changing 富士通エレクトロニクス株式会社 to Kaga FEI Co., Ltd. - FY2020-Q3AdvancedAnnual report
「For the business combination with 富士通エレクトロニクス株式会社 conducted on 1 January 2019, the company had applied provisional accounting treatment to the purchase price allocation in the previous consolidated fiscal year based on the reasonable information available at the time, but finalized the treatment during the third-quarter consolidated accounting period. There was no revision to the amount of goodwill.」
For the business combination with 富士通エレクトロニクス, the provisional accounting treatment for the purchase price allocation was finalized during the third-quarter accounting period. There was no revision to the amount of goodwill. - FY2020-Q2RestatedAnnual report
「Revenue for the six-month consolidated period ended the second quarter increased substantially year on year, partly because the earnings of 富士通エレクトロニクス株式会社, which became a Group company in January this year, contributed from the beginning of the period,」
The company reconfirmed that, following its acquisition of 70% of 富士通エレクトロニクス effective 1 January 2019, the company's earnings contributed from the beginning of the period during the six-month period ended the second quarter. - FY2020-Q1AdvancedAnnual report
「The earnings of 富士通エレクトロニクス株式会社, which became a Group company, increased substantially year on year as they contributed from the beginning of the period, among other factors,」
The company stated that, following its acquisition of 70% of 富士通エレクトロニクス effective 1 January 2019, the company's earnings contributed from the beginning of the first quarter. Earnings centered on automotive applications were added to the Electronic Components business. - FY2019-Q3AdvancedAnnual report
「Based on this plan, the company acquired 70% of the shares in the first stage, effective 1 January 2019.」
Under the plan to acquire shares of 富士通エレクトロニクス, the company completed the first-stage acquisition of 70% effective 1 January 2019. It also entered into a ¥23 billion borrowing agreement to finance part of the acquisition. - FY2019-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 10 September 2018, the company resolved to acquire shares of 富士通エレクトロニクス株式会社 and entered into a share transfer agreement with the company's shareholders on the same day.」
The company first disclosed a plan to acquire 富士通エレクトロニクス in three stages, reaching 70% in the first stage, 85% in the second stage and 100% in the third stage, with the aim of expanding its share of the electronic components and semiconductor businesses, expanding the scale of the EMS business and improving operating efficiency through cooperation between the two companies. The expected total acquisition price was ¥20.543 billion, with acquisitions scheduled for 1 January 2019, 28 December 2020 and 28 December 2021.