Nikon 2016 Annual Report Download - page 62

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60 NIKON REPORT 2016
3. Business Combination
(Business Combination by Acquisition)
(1) Summary of business combination
(i) Name and business of acquired company
Name of company: Optos Plc
Description of business: Provider of retinal diagnostic imaging equipment to optometrists and ophthalmologists
(ii) Primary reason for business combination
Through this business combination, the Group is making a full-scale entry into the Medical Business based on the strong business founda-
tion in retinal diagnostic imaging equipment held by Optos Plc. Moreover, the Group will expand its earnings foundation with the synergy
generated from improving the technical superiority of products in the diagnosis and treatment elds by promoting product development
through integration of its technology with that of Optos Plc, and gaining a geographical advantage.
(iii) Date of business combination
May 22, 2015
(iv) Legal form of business combination
Acquisition of shares
(v) Name of company after acquisition
Optos Plc
(vi) Percentage of voting rights acquired
100%
(vii) Primary basis for determination of acquiring company
Nikon Corporation paid cash in consideration for acquiring 100% of the voting rights of Optos Plc.
(2) The accounting period for which the operations of the acquired company are included in the consolidated statement of income
The operations of the acquired company for the 10 months from June 1, 2015 to March 31, 2016 were included in the consolidated statement
of income for the year ended March 31, 2016.
(3) Acquisition cost and breakdown by the type of considerations
Millions of Yen
Thousands of
U.S. Dollars
Consideration for acquisition: Cash ¥48,128 $427,122
Acquisition cost ¥48,128 $427,122
(4) Acquisition-related cost
Millions of Yen
Thousands of
U.S. Dollars
Advisory fee, etc. ¥1,175 $10,434