Reorganization of the Business Structure Through Conversion into a Strategic Subsidiary and an Absorption-Type Merger
First written in FY2016. 16 of 24 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-06-04.
The whole theme swung hardest in 2025: 8 of 37 companies on the "Worse" side.
2 other companies' latest entry also says "Cited as achieved".
- FY2026-H1AchievedAnnual report
「Studio Z株式会社, formerly a consolidated subsidiary of the company, was excluded from the scope of consolidation because all of its shares were transferred.」
All shares of Studio Z株式会社 were transferred, and it was excluded from the scope of consolidation. The restructuring of the group’s game-related business structure is progressing further. - FY2025ReframedAnnual report
「The group consists of the company, a pure holding company, 22 consolidated subsidiaries and 2 equity-method affiliates.」
Following the transfer of SHOPLIST, ランク王 and other businesses, the liquidation of ワールドリンク and other entities, and the establishment of Ada and other entities, the group was reorganized into a structure comprising 22 consolidated subsidiaries centered on IT outsourcing, e-commerce and GameFi. - FY2024AdvancedAnnual report
「From the current consolidated fiscal year, 496株式会社 and 5 other newly established companies were included in the scope of consolidation. In addition, YES株式会社, CARAFUL株式会社 and CROOZ EC Partners株式会社, which had been consolidated subsidiaries, were excluded from the scope of consolidation following the transfer of their shares.」
Six newly established companies were added to the scope of consolidation, while YES株式会社, CARAFUL株式会社 and CROOZ EC Partners株式会社 were excluded following the transfer of their shares, resulting in 24 consolidated subsidiaries at period-end. - FY2023AdvancedAnnual report
「The group consists of the company, クルーズ株式会社, 21 consolidated subsidiaries, including CROOZ SHOPLIST株式会社, Studio Z株式会社 and CROOZ Media Partners株式会社, and 3 equity-method affiliates, including ForGroove株式会社.」
Following changes to the scope of consolidation related to the investment business, the group consisted of 21 consolidated subsidiaries and 3 equity-method affiliates. In addition, 496株式会社 was established to oversee 5 human-resources-related companies whose businesses had expanded, updating the group’s business structure. - FY2022-Q3AdvancedAnnual report
「During the third quarter of the current consolidated accounting period, Sevenwoods Investment １号投資事業有限責任組合, Sevenwoods Investment ２号投資事業有限責任組合, Sevenwoods Investment ３号投資事業有限責任組合, Reo Asset Management １号投資事業有限責任組合, Upstart Ventures １号投資事業有限責任組合, Reo Asset Management ２号投資事業有限責任組合, Sean Asset Management,1 L.P., Upstart Ventures ２号投資事業有限責任組合, Company Formation Fund ３号投資事業有限責任組合, Blackswan Capital １号投資事業有限責任組合, Blackswan Capital ２号投資事業有限責任組合 and Japan Angel Fund １号投資事業組合 were excluded from the scope of consolidation due to reductions in ownership interests and other factors.」
Twelve funds related to the investment business were actually excluded from the scope of consolidation due to reductions in ownership interests and other factors, updating the group’s business structure. - FY2022-Q2ReframedAnnual report
「Based on the policy announced in the previous fiscal year’s full-year earnings release, dated 13 May 2021 and titled “Future Policy of the CROOZ Group,” to focus going forward on the e-commerce sector as an “EC Solutions Company,” the company reviewed its investment business strategy and decided to monetize part of its interests in funds operated by its consolidated subsidiary Sevenwoods. As a result, its interests in those funds declined and they ceased to be consolidated subsidiaries, and the investment business was consequently also removed from the reportable segments.」
As part of a review of the group’s subsidiary and fund structure following a reassessment of its investment business strategy, a transfer of interests was scheduled for 30 December 2021 that would remove a total of 9 funds from the consolidated subsidiaries. - FY2021AdvancedAnnual report
「The group consists of the company, クルーズ株式会社, 37 consolidated subsidiaries, including CROOZ SHOPLIST株式会社, Studio Z株式会社, CROOZ Media Partners株式会社 and Sevenwoods Investment1号投資事業有限責任組合, and 3 equity-method affiliates, including ForGroove株式会社. During the current consolidated fiscal year, the company transferred all shares of its consolidated subsidiary 株式会社Candle to HACK JAPANホールディングス株式会社 and consequently excluded it from the scope of consolidation.」
Following changes to the scope of consolidation, including the exclusion of Candle, the group had 37 consolidated subsidiaries and 3 equity-method affiliates. - FY2021-Q3AdvancedAnnual report
「In the Other business segment, the company acquired additional shares in 株式会社node during the third quarter of the current consolidated accounting period and made it a wholly owned subsidiary. The resulting increase in goodwill was ¥321.465 million.」
Additional shares in 株式会社node were acquired, making it a wholly owned subsidiary, and goodwill of ¥321.465 million arising from the acquisition was recognized. The group’s subsidiary structure has been updated. - FY2021-Q2Change in the scope of consolidation following the disposal of CandleAnnual report
「During the second quarter of the current consolidated accounting period, the company transferred all shares of its consolidated subsidiary 株式会社Candle to HACK JAPANホールディングス株式会社, and consequently excluded it from the scope of consolidation.」
Following the transfer of all Candle shares, the company was excluded from the consolidated subsidiaries, updating the group’s business structure. - FY2020-Q3AdvancedAnnual report
「From the second quarter of the current consolidated accounting period, Sevenwoods Investment 3号投資事業有限責任組合, Company Formation Fund 3号投資事業有限責任組合 and Upstart Ventures 2号投資事業有限責任組合 were included in the scope of consolidation following their establishment and other events.」
The company disclosed the inclusion of 3 investment partnerships in the scope of consolidation following their establishment and other events, expanding the group’s business structure. - FY2019AdvancedAnnual report
「The group consists of the company, クルーズ株式会社, 37 consolidated subsidiaries, including CROOZ SHOPLIST株式会社, Studio Z株式会社, 株式会社Candle and CROOZ TRAVELIST株式会社, and 2 equity-method affiliates, including ForGroove株式会社.」
Following the restructuring of the scope of consolidation, including mergers, disposals, new establishments and acquisitions after all businesses were made subsidiaries, the group had 37 consolidated subsidiaries and 2 equity-method affiliates. - FY2019-Q3AdvancedAnnual report
「During the third quarter of the current consolidated accounting period, Sevenwoods Investment２号投資事業有限責任組合, スペシャリストクラウド株式会社 and 9 other companies became consolidated subsidiaries. As a result, as of 31 December 2018, the group consisted of the company, クルーズ株式会社, 38 consolidated subsidiaries, including CROOZ SHOPLIST株式会社, Studio Z株式会社, 株式会社Candle and CROOZ TRAVELIST株式会社, and 2 equity-method affiliates, including ForGroove株式会社.」
During the third quarter, investment partnerships, スペシャリストクラウド and other entities were made consolidated subsidiaries, increasing the number of consolidated subsidiaries from 27 at the end of the previous quarter to 38, while the number of equity-method affiliates remained 2. - FY2019-Q2AdvancedAnnual report
「During the second quarter of the current consolidated accounting period, Sevenwoods Investment１号投資事業有限責任組合 and 7 other companies became consolidated subsidiaries. CROOZ VENTURES株式会社 was excluded from the scope of consolidation because it merged with クルーズ株式会社. As a result, as of 30 September 2018, the group consisted of the company, クルーズ株式会社, 27 consolidated subsidiaries, including CROOZ SHOPLIST株式会社, Studio Z株式会社, 株式会社Candle and CROOZ TRAVELIST株式会社, and 2 equity-method affiliates, including ForGroove株式会社.」
Eight investment partnerships and other entities were made consolidated subsidiaries, while CROOZ VENTURES was excluded from the scope of consolidation following its merger. As of 30 September, there were 27 consolidated subsidiaries and 2 equity-method affiliates. - FY2019-Q1AdvancedAnnual report
「At a board meeting held on 10 May 2018, the company resolved to transfer the SHOPLIST business to its consolidated subsidiary CROOZ SHOPLIST株式会社 through a company split. On 10 May 2018, it entered into an agreement with CROOZ SHOPLIST株式会社 concerning the absorption-type company split.」
Under the policy of making all businesses subsidiaries and transitioning to a pure holding company, the company resolved on and entered into an agreement for the absorption-type company split transferring the SHOPLIST business to CROOZ SHOPLIST. The effective date was set as 1 July 2018. - FY2018AdvancedAnnual report
「As reported in the earnings announcement dated 10 May 2018, for the time being the company plans to invest all operating profit that may be generated by the group in maximizing sales, in order to accelerate the expansion of the SHOPLIST business’s market share and the creation of a second and third core business.」
The business restructuring pursued through the formation of subsidiaries has progressed to a policy of making all businesses subsidiaries and transitioning to group management by a pure holding company. - FY2018-Q3AdvancedAnnual report
「During the third quarter of the current consolidated accounting period, 1 company was excluded from the scope of consolidation because it had become immaterial. In addition, 株式会社エモーシブ, now CROOZ STYLING株式会社, was included in the scope of consolidation from the third quarter after its shares were acquired.」
During the third quarter, 1 company was excluded from the scope of consolidation, while エモーシブ was made a consolidated subsidiary through the acquisition of its shares, updating the group structure. - FY2018-Q2AdvancedAnnual report
「During the second quarter of the current consolidated accounting period, 3 newly established subsidiaries became consolidated subsidiaries.」
During the second quarter, 3 newly established subsidiaries were made consolidated subsidiaries, expanding the group’s business structure. - FY2018-Q1AdvancedAnnual report
「During the first quarter of the current consolidated accounting period, 株式会社トラベルオンライン and 3 other companies became consolidated subsidiaries. As a result, as of 30 June 2017, the group consisted of the company, 9 consolidated subsidiaries and 1 equity-method affiliate.」
トラベルオンライン and 3 other companies were made consolidated subsidiaries, resulting in a structure comprising 9 consolidated subsidiaries and 1 equity-method affiliate. - FY2017RestatedAnnual report
「During the current consolidated fiscal year, 株式会社Candle was included in the scope of consolidation through the acquisition of shares, and 株式会社クラウドナイン was included through the acceptance of a third-party allotment of new shares. Studio Z株式会社 was newly established through a company split, and ワールドリンク株式会社 through a joint investment, and both were included in the scope of consolidation.」
The company confirmed as annual results that Candle and クラウドナイン were made subsidiaries, while Studio Z and ワールドリンク were established and made consolidated subsidiaries. - FY2017-Q2AdvancedAnnual report
「The company positioned the game business as one of its investment areas and resolved at a board meeting to establish the strategic subsidiary Studio Z株式会社 through a company split, with a small, highly focused team reporting directly to the company’s representative director and president to target a single hit title. The establishment was carried out on 1 November 2016.」
In addition to the existing organizational restructuring policy, Studio Z was established on 1 November 2016 as a subsidiary focused on the game business as an investment area. - FY2017-Q1AdvancedAnnual report
「During the first quarter of the current consolidated accounting period, ウェーバー株式会社 was excluded from the scope of consolidation because the company absorbed it in an absorption-type merger effective 1 April 2016. During the same period, the company acquired shares in 株式会社クラウドナイン to strengthen its development structure and made it a consolidated subsidiary.」
The absorption-type merger of ウェーバー株式会社 was completed on 1 April 2016, and shares in クラウドナイン were acquired to make it a consolidated subsidiary to strengthen the development structure. - FY2016First statedAnnual report
「The objective is to create a compact organization and accelerate decision-making and execution by making the business division engaged in planning, developing and operating trading card games for smartphones and tablets a subsidiary.」
The new company split establishing Card King株式会社 and the absorption-type merger of ウェーバー株式会社 are described in the context of organizational agility and the concentration of management resources.