Niterra has made two acquisitions worth more than ¥100 billion in the past and is expanding into areas including semiconductors, healthcare and advanced materials through M&A. The focus is on the extent to which these acquisitions will contribute to growth.
Drawing on its experience in the spark plug business, Niterra has sought to expand into new business areas, including semiconductors, healthcare and advanced materials, through M&A. In recent years, it has also pursued large acquisitions worth more than ¥100 billion.
Some of its past acquisitions failed to deliver the expected results and ultimately led to the sale of the businesses concerned. This article examines the extent to which past acquisitions have contributed to earnings and explores the company's future direction.