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fonfun (2323) · FactReframedLatest M&A and Subsidiary Changes (2026-09-29): "Advanced"

Transition to unconsolidated reporting following the absorption-type merger of FunFusion

First written in FY2024-Q1. 5 of 10 entries say "Restated". Latest entry: 2026-09-29.

10entries
4years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2024-Q1 – FY20252023: 220232024: 320242025: 120252026: 42026
Same theme, other companies
Transition to non-consolidated financial statements following a mergerA theme 18 companies write about · 0 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2026: 2 of 8 companies on the "Worse" side.

0 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 18 companies compared. The sentences above are computed from all 18.
Full recordFilings, disclosures and news, newest first
  1. 2026-09-29AdvancedM&A and Subsidiary Changes

    「In connection with this share acquisition, ICS is scheduled to become a consolidated subsidiary from the third-quarter consolidated accounting period of the fiscal year ending March 2027.」

    Following the transition from unconsolidated to consolidated reporting, the company plans to add ICS as a consolidated subsidiary.
  2. FY2026ReframedAnnual report

    「Our group consists of 1 subsidiary and 2 equity-method affiliates. As an information services company, we operate around 2 business segments: the Cloud Solutions Business and the DX Solutions Business.」

    Following the period of unconsolidated accounting after the absorption-type mergers of FunFusion and other companies, the company transitioned to consolidated accounting with YNP as a consolidated subsidiary. The equity-method affiliates are now ソリッド・ネット and M&A DX, 2 companies.
  3. FY2025RestatedAnnual report

    「Our group has no subsidiaries and consists solely of 1 equity-method affiliate.」

    Even after absorbing the 3 acquired companies, the group has no subsidiaries and continues to operate under unconsolidated accounting, with only 1 equity-method affiliate.
  4. FY2025-H1RestatedAnnual report

    「We acquired all equity interests in 合同会社selfree effective 1 July 2024, and all shares of グルーコードコミュニケーションズ株式会社 and 株式会社イー・クラウドサービス effective 1 August 2024, making each a subsidiary. However, as we absorbed 合同会社selfree, グルーコードコミュニケーションズ株式会社 and 株式会社イー・クラウドサービス effective 30 September 2024, we no longer have any subsidiaries and therefore do not prepare interim consolidated financial statements.」

    The company acquired 3 companies and then absorbed them through mergers, and continues to prepare unconsolidated interim financial statements because it has no subsidiaries.
  5. 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 company does not prepare consolidated financial statements because it has no subsidiaries and continues to report on a standalone basis for the current fiscal year.
  6. FY2024-Q3RestatedAnnual report

    「As we absorbed 株式会社FunFusion, formerly a consolidated subsidiary, effective 1 April 2023, we no longer have any subsidiaries and therefore do not prepare quarterly consolidated financial statements.」

    Following the absorption-type merger of FunFusion, the company continues to prepare unconsolidated quarterly financial statements because it has no subsidiaries.
  7. FY2024-Q2RestatedAnnual report

    「As we absorbed 株式会社FunFusion, formerly a consolidated subsidiary, effective 1 April 2023, we no longer have any subsidiaries and therefore do not prepare quarterly consolidated financial statements.」

    The company continues to use unconsolidated accounting in the second quarter, as it has no subsidiaries following the absorption-type merger of FunFusion and therefore does not prepare quarterly consolidated financial statements.
  8. FY2024-Q1First statedAnnual report

    「As this eliminated all subsidiaries subject to consolidation, we transitioned to unconsolidated accounting from the first quarter of the fiscal year ending March 2024.」

    The absorption-type merger of FunFusion eliminated all subsidiaries subject to consolidation, and from the first quarter of the fiscal year ending March 2024, the company transitioned to preparing quarterly financial statements instead of quarterly consolidated financial statements.
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