Expansion of technological and sales capabilities and the North American supply network through the acquisition of Nitto Denko’s NVH business
First written in FY2023-Q2. 1 of 4 entries say "Achieved", first in FY2024-Q1. Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1AdvancedAnnual report
「Manufacturing and sales for the automotive industry were affected in Japan by soaring raw material prices, while overseas sales increased because manufacturing and sales by a consolidated company acquired in the previous fiscal year began contributing during the interim consolidated accounting period under review.」
The company states that the manufacturing and sales operations of the consolidated company acquired in the previous fiscal year contributed to overseas sales from the current interim consolidated accounting period, giving concrete form to the earnings contribution following the acquisition of the NVH business. - FY2024RestatedAnnual report
「The company will inherit the NITTO DENKO CORPORATION group’s technical capabilities and sales channels and strengthen its proposal capabilities as a total-solutions provider for the NVH business. As a result, the group will own a manufacturing base for automotive parts in North America and be able to establish a global supply network.」
For the acquisition of the NVH business completed on 3 April 2023, the company continues to confirm the contribution throughout the fiscal year from the transfer of technical capabilities and sales channels, stronger proposal capabilities and use of the North American supply base. - FY2024-Q1AchievedAnnual report
「Date of business combination: 3 April 2023; legal form of the business combination: acquisition of equity interests for cash consideration; voting rights acquired: 100%. The company will inherit the NITTO DENKO CORPORATION group’s technical capabilities and sales channels and strengthen its proposal capabilities as a total-solutions provider for the NVH business. As a result, the group will own a manufacturing base for automotive parts in North America and be able to establish a global supply network.」
Regarding the acquisition of the NITTO DENKO CORPORATION group’s NVH business, previously disclosed in the prior filing as scheduled, the business combination was completed on 3 April 2023 for cash consideration, with 100% of the voting rights acquired. The company has achieved the transfer of technical capabilities and sales channels, strengthened its proposal capabilities and acquired a supply base in North America. - FY2023-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 21 September 2022, the company resolved to acquire all equity interests in a newly established company formed to reorganize and consolidate part of the NITTO DENKO CORPORATION group’s NVH business, consisting of the manufacture and sale of reinforcement materials for steel sheets and related products, and to make it a subsidiary. On 24 October 2022, the company entered into a share transfer agreement. The company will inherit the NITTO DENKO CORPORATION group’s technical capabilities and sales channels and establish a strategic partnership with the group to leverage their respective technologies and strengthen its proposal capabilities as a total-solutions provider for the NVH business. As a result, the group will own a manufacturing base for automotive parts in North America and be able to establish a global supply network. Date of business combination: 3 April 2023 (scheduled); voting rights acquired: 100%; acquisition of shares for cash consideration.」
The company first disclosed its plan to acquire all equity interests in a newly established company holding the NITTO DENKO CORPORATION group’s NVH business related to the United States, Mexico and China and make it a subsidiary. The objectives are to inherit technical capabilities and sales channels, establish a strategic partnership, acquire a manufacturing base in North America and build a global supply network. The share transfer agreement has been signed, but the business combination was scheduled for 3 April 2023, so the acquisition had not been completed as of the filing date.