Clarifying responsibility and accelerating decision-making through transfer of the SMS business to a subsidiary
First written in FY2017-Q1. 5 of 9 entries say "Restated". Latest entry: FY2024.
9 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The group absorbed and merged FunFusion effective 1 April 2023, leaving no subsidiaries and only 1 equity-method affiliate.」
Following the absorption-type merger of FunFusion, the SMS business is operated by the parent company, and the group continues to have no subsidiaries. - FY2024-Q3RestatedAnnual report
「In addition, at a meeting of its Board of Directors held on 25 January 2023, the company resolved to absorb its wholly owned subsidiary FunFusion, and completed the absorption-type merger effective 1 April 2023.」
The company continues to state as a fact that FunFusion was absorbed and merged and that the SMS business moved to a structure operated by the parent company. - FY2024-Q1RestatedAnnual report
「In its medium-term management plan (2021/12–2025/3), disclosed on 15 December 2021, the company’s basic policy is to focus on supporting the digital transformation of small and medium-sized enterprises and concentrate resources on the SMS business, its area of expertise and a growth area. To promote growth in the SMS business across the group, the company merged FunFusion with the aim of having the parent company again operate the SMS business, which had been led by FunFusion, improving business efficiency and speeding investment decision-making.」
Regarding the absorption-type merger of FunFusion, the company has again explained that its objectives were to move the SMS business to a structure operated by the parent company, improve business efficiency, and speed investment decision-making. The merger was completed on 1 April 2023. - FY2023AchievedAnnual report
「The company completed the absorption-type merger of FunFusion on 1 April 2023.」
The absorption-type merger of FunFusion was completed on 1 April 2023, marking the completion of the structural change intended to move the SMS business, previously led by FunFusion, back to the parent company and improve business efficiency and speed investment decision-making. - FY2023-Q3ReframedAnnual report
「In its medium-term management plan (2021/12–2025/3), disclosed on 15 December 2021, the group’s basic policy is to focus on supporting the digital transformation of small and medium-sized enterprises and concentrate resources on the SMS business, its area of expertise and a growth area. To promote growth in the SMS business across the group, the parent company will again operate the SMS business, which had been led by FunFusion, thereby improving business efficiency and speeding investment decision-making.」
The company has indicated a policy of moving from the previous structure, in which transferring the SMS business to FunFusion was intended to speed decision-making, to a structure in which the parent company again operates the SMS business following the absorption-type merger of FunFusion. - FY2018-Q1DroppedAnnual report
「Under these circumstances, the group worked to maintain and expand its core Remote Mail business, enhance the functions of and expand sales of services using short message service (SMS), and focus on content sales together with its consolidated subsidiary FunFusion.」
FunFusion is mentioned as a consolidated subsidiary, but this quarterly report does not explicitly state the previous explanation that the SMS business would be transferred to FunFusion to clarify responsibility and speed decision-making. - FY2017-Q3RestatedAnnual report
「The company will transfer the SMS business to its subsidiary FunFusion, evaluate its performance clearly separately from its other businesses, and establish a structure that enables swift management decisions.」
The company continues to explain that the SMS business was transferred to FunFusion so that its performance could be evaluated separately from other businesses and a structure enabling faster decision-making could be established. - FY2017-Q2RestatedAnnual report
「On 1 April 2016, the company transferred its SMS business to its subsidiary FunFusion, where the business is now operated.」
The company continues to explain that the SMS business was transferred to FunFusion so that its performance could be evaluated separately from other businesses and a structure enabling faster decision-making could be established. - FY2017-Q1First statedAnnual report
「Business combination date: 1 April 2016. The company transferred the business to accelerate decision-making for the SMS business and clarify its operating results.」
The company states that it has transferred the SMS business to FunFusion and established a structure for evaluating its performance separately from its other businesses.