Acquisition of ミューズコー株式会社, which operates the fashion e-commerce site “MUSE&Co.”
First written in FY2018-Q1. 3 of 6 entries say "Restated". Latest entry: FY2019-Q3.
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- FY2019-Q3AdvancedAnnual report
「Effective 1 December 2018, the consolidated subsidiary ミューズコ株式会社 transferred its e-commerce business to the consolidated subsidiary 株式会社オールアバウトライフマーケティング through a company split. ミューズコ株式会社 also changed its corporate name to 株式会社ＬＭサービス. This company split did not result in any change to the segments.」
ミューズコ株式会社, which operates the acquired MUSE&CO., transferred its e-commerce business to オールアバウトライフマーケティング through a company split and changed its corporate name to LMサービス. - FY2019-Q2RestatedAnnual report
「Net sales remained firm, partly due to the contribution from the fashion e-commerce site "MUSE&CO.", whose profit and loss has been included since the second quarter of the previous fiscal year. However, profit declined due to higher variable-cost ratios, including product procurement costs, distribution expenses and sales commissions, increased fixed costs such as personnel and system expenses, and losses incurred by "MUSE&CO." during its investment phase.」
While the acquired MUSE&CO. continued to contribute to sales, losses during its investment phase and related costs are cited as factors behind the decline in profit. - FY2019-Q1AdvancedAnnual report
「Net sales remained firm, partly due to the contribution from the fashion e-commerce site "MUSE&CO.", whose profit and loss has been included since the second quarter of the previous fiscal year. However, the Company recorded higher distribution expenses and marketing costs, as well as losses incurred by "MUSE&CO." during its investment phase.」
The contribution to sales from the acquired MUSE&CO. is noted, along with losses recorded during its investment phase. - FY2018-Q3RestatedAnnual report
「From the first quarter of the fiscal year, the Company acquired shares in ミューズコー株式会社 to strengthen initiatives in the fashion sector, a growth area for e-commerce, and create synergies with existing businesses, and has included the company in the scope of consolidation.」
The acquisition and conversion of ミューズコー株式会社 into a consolidated subsidiary are cited again as initiatives completed in the first quarter. - FY2018-Q2RestatedAnnual report
「From the first quarter of the fiscal year, the Company acquired shares in ミューズコー株式会社 to strengthen initiatives in the fashion sector, a growth area for e-commerce, and create synergies with existing businesses, and has included the company in the scope of consolidation.」
The acquisition and conversion of ミューズコー株式会社 into a consolidated subsidiary are cited again as initiatives completed in the first quarter. - FY2018-Q1AchievedAnnual report
「To strengthen initiatives in the fashion sector, a growth area for e-commerce, and create synergies with existing businesses, the Company acquired shares in ミューズコー株式会社, operator of the fashion e-commerce site "MUSE&Co." Corporate combination date: 16 May 2017 (share acquisition date); voting rights held after acquisition: 100.0%; consideration for acquisition: cash, ¥50 million.」
The Company acquired the shares on 16 May 2017 to strengthen its fashion business and create synergies with existing businesses, obtaining 100.0% of the voting rights. ミューズコー株式会社 has been included in the scope of consolidation since the acquisition.