Changes in the Relationship with Digital Advertising Consortium
First written in FY2016. 4 of 16 entries say "Reframed", first in FY2017. Latest entry: FY2025.
The whole theme swung hardest in 2024: 4 of 17 companies on the "Worse" side.
8 other companies' latest entry also says "Other".
- FY2025Decline in equity interest and mergerAnnual report
「Digital Advertising Consortium, Inc. carried out a merger effective 1 April 2025, under which it was the disappearing company and Hakuhodo DY ONE Co., Ltd. was the surviving company.」
DAC’s ownership interest declined to 3.03%, and on 1 April 2025, after the filing, DAC was absorbed through a merger by Hakuhodo DY ONE. - FY2024ReframedAnnual report
「Digital Advertising Consortium, Inc. ceased to be a related party as of 28 December 2023 following the sale of its shares in the Company.」
After termination of the capital and business alliance with DAC, DAC ceased to be a related party as of 28 December 2023 following the sale of its shares. Its period-end ownership interest was 4.49%, and it was no longer a major shareholder. - FY2024-Q2Lower Ownership InterestAnnual report
「Digital Advertising Consortium, Inc. 4-20-3 Ebisu, Shibuya-ku, Tokyo 1,591,400 12.11」
As of 30 September 2023, DAC’s ownership interest was 12.11%, down from 14.50% in the previous disclosure. DAC remained a major shareholder, but the former capital and business alliance had already been terminated. - FY2023-Q2Lower Ownership InterestAnnual report
「Digital Advertising Consortium, Inc. 4-20-3 Ebisu, Shibuya-ku, Tokyo 1,925,600 14.50」
As of 30 September 2022, DAC’s ownership interest was 14.50%. Its shareholding as a major shareholder remained after termination of the former capital and business alliance, but declined from 16.16% in the previous disclosure. It also states that there were no new business or other risks during the quarter. - FY2022ReframedAnnual report
「Termination of the capital and business alliance with Digital Advertising Consortium, Inc.」
The Company terminated its capital and business alliance with DAC. DAC retained its shareholding and business relationship as a major corporate shareholder, but its status changed from the former capital and business alliance relationship. - FY2022-Q2Lower Ownership InterestAnnual report
「Digital Advertising Consortium, Inc. 2,106,900 16.16」
As of 30 September 2021, DAC’s ownership interest was 16.16%, down from 16.39% in the previous disclosure. - FY2021ReframedAnnual report
「Digital Advertising Consortium, Inc. ceased to be one of the Company’s other affiliated companies as of the date of filing because 1 concurrently serving director’s term expired and the director left office at the conclusion of the 26th Annual General Meeting of Shareholders held on 18 June 2021.」
DAC’s shareholding was 16.34%, and the business relationship, including the purchase of advertising space, was disclosed, but DAC was no longer one of the Company’s other affiliated companies as of the filing date because the concurrently serving director left office. - FY2021-Q2Increase in Ownership RatioAnnual report
「Digital Advertising Consortium, Inc. 2,106,900 16.39」
As of 30 September 2020, DAC’s ownership interest was 16.39%, up from 16.28% in the previous annual disclosure. - FY2020Lower Ownership InterestAnnual report
「The Company is an equity-method affiliate of Digital Advertising Consortium, Inc. (hereinafter, “DAC”). As of 31 March 2020, DAC directly held 16.28% of the Company’s shares, and 1 DAC director served as an outside director of the Company.」
The equity-method relationship with DAC and the appointment of an outside director continue, but direct ownership declined from 16.41% to 16.28%. - FY2020-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
Regarding the risk of an impact from changes in the relationship with Digital Advertising Consortium, it states that there were no new occurrences or material changes. - FY2020-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
Regarding the risk of an impact from changes in the relationship with Digital Advertising Consortium, it states that there were no new occurrences or material changes. - FY2020-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
Regarding the risk of an impact from changes in the relationship with DAC, it states that there were no new occurrences or material changes during the quarter. - FY2019Lower Ownership InterestAnnual report
「The Company is an equity-method affiliate of Digital Advertising Consortium, Inc. (hereinafter, “DAC”). As of 31 March 2019, DAC directly held 16.48% of the Company’s shares, and 1 DAC director served as an outside director of the Company.」
The equity-method relationship with DAC and the appointment of an outside director continue, but DAC’s direct ownership declined from 17.87% in the previous disclosure to 16.48%. - FY2018RestatedAnnual report
「The Company is an equity-method affiliate of Digital Advertising Consortium, Inc. (hereinafter, “DAC”). As of 31 March 2018, DAC directly held 17.87% of the Company’s shares, and 1 DAC director served as an outside director of the Company.」
It continues to disclose the equity-method relationship with DAC, DAC’s 17.87% shareholding, the appointment of an outside director and the potential impact of changes to its business strategy. - FY2017ReframedAnnual report
「Digital Advertising Consortium, Inc. established “D.A. Consortium Holdings Inc.,” the wholly owning parent company of both companies, through a joint share transfer with iREP Co., Ltd. on 3 October 2016 and became its wholly owned subsidiary.」
The relationship with DAC changed to a corporate group structure that included DAC becoming a wholly owned subsidiary of D.A. Consortium Holdings. The possibility of an impact from changes to DAC’s business and group strategies continues to be disclosed. - FY2016First statedAnnual report
「The Company is an equity-method affiliate of Digital Advertising Consortium, Inc. (hereinafter, “DAC”). As of 31 March 2016, DAC directly held 18.48% of the Company’s shares, and 1 DAC director served as an outside director of the Company.」
After describing the capital relationship with DAC, the concurrent directorship and the business relationship involving the purchase of internet advertising, it states that changes to DAC’s business and group strategies could affect the Company.