Expansion of the e-discovery business through a U.S. acquisition
First written in FY2016. 3 of 7 entries say "Cited as achieved", first in FY2017-Q1. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025DroppedAnnual report
「Having determined that growth and expansion of the e-discovery support business at the US subsidiaries could not be expected going forward, we decided to withdraw from that business at the US subsidiaries as of the end of March 2025.」
The company announced a decision to withdraw from the e-discovery business at its US subsidiaries, changing its policy of expanding e-discovery through US acquisitions. - FY2018-Q3AdvancedAnnual report
「The business combination with Essential Discovery, Inc. completed on 4 November 2016 had been accounted for provisionally during the third quarter of the previous consolidated fiscal year, but the accounting treatment was finalized during the third quarter of the current consolidated fiscal year. The amount of goodwill was unchanged.」
The provisional accounting treatment for the business combination with Essential Discovery was finalized. There was no adjustment to the amount of goodwill. - FY2017-Q3AdvancedAnnual report
「On 4 November 2016, we acquired the business rights of Essential Discovery, Inc. By acquiring EDI's business rights, FRONTEO USA, Inc. expects to add these law firms and companies as new customers, secure a review team with extensive skills and experience in discovery support, and further expand its business throughout the US.」
Acquired the business rights of Essential Discovery, Inc., adding US customers, a review team, and a foundation for nationwide business expansion. - FY2017-Q2Cited as achievedAnnual report
「In the e-discovery business, revenue increased substantially after EvD, Inc., acquired in August 2015, became a subsidiary. However, due to the conclusion of a large-scale lawsuit involving a Korean client and the impact of efforts to contain legal costs, revenue was ¥4,947,785 thousand, representing only an 18.3% year-on-year increase.」
Reiterated the revenue increase following the EvD acquisition and also described the effects of the conclusion of the large-scale lawsuit and other factors. - FY2017-Q2Cited as achievedAnnual report
「In the e-discovery business, revenue increased substantially after EvD, Inc., acquired in August 2015, became a subsidiary. However, due to the conclusion of a large-scale lawsuit involving a Korean client and the impact of efforts to contain legal costs, revenue was ¥4,947,785 thousand, representing only an 18.3% year-on-year increase.」
Continued to cite the revenue increase resulting from the EvD acquisition, disclosing revenue of ¥4,947,785 thousand, up 18.3% year on year. - FY2017-Q1Cited as achievedAnnual report
「In the e-discovery business, revenue increased substantially after EvD, Inc., acquired in August 2015, became a subsidiary. Revenue was ¥2,665,263 thousand, up 63.1% year on year.」
Cited the effect of the EvD acquisition in terms of revenue and year-on-year performance. - FY2016First statedAnnual report
「In August 2014, our group welcomed TechLaw Solutions, Inc. as a subsidiary and successfully expanded its sales channels on the US East Coast at a stroke. To achieve further growth in our e-discovery business, we believe it is essential to target law firms in the Central and Western US with strong ties to Asian companies operating in the US as new customers.」
Following TechLaw, the acquisition of EvD was presented as a means of expanding regional sales channels and service delivery capabilities in the US.