Expanding the Children’s Apparel E-Commerce Business Through the Acquisition of Open and Natural
First written in FY2023-Q1. 2 of 4 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2024-Q2.
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- FY2024-Q2AdvancedAnnual report
「株式会社オープンアンドナチュラル, formerly a consolidated subsidiary of the Company, ceased to exist through an absorption-type merger in which 株式会社BUZZWIT, a consolidated subsidiary of the Company, was the surviving company, effective 1 July 2023, and was therefore excluded from the scope of consolidation.」
オープンアンドナチュラル was absorbed and merged into 株式会社BUZZWIT effective 1 July 2023, advancing the integration of the children’s clothing e-commerce business within the group. - FY2024-Q1RestatedAnnual report
「EC sales increased 19.6% year on year, also due to 株式会社BUZZWIT, the group’s e-commerce-only subsidiary, converting 株式会社オープンアンドナチュラル, a children’s clothing e-commerce company, into a consolidated subsidiary.」
The company continues to disclose that the conversion of オープンアンドナチュラル into a consolidated subsidiary through 株式会社BUZZWIT contributed to higher e-commerce sales. - FY2023-Q2AdvancedAnnual report
「For the first-quarter consolidated accounting period, only the balance sheet was consolidated; from the second-quarter consolidated accounting period, the income statement was also consolidated.」
Regarding the acquisition of オープンアンドナチュラル, the income statement was also consolidated from the second quarter, and the children’s clothing e-commerce business reached the stage at which its performance was reflected in consolidated results. - FY2023-Q1First statedAnnual report
「As one of its growth strategies toward 2025, the group is working to expand digital customer touchpoints. 株式会社BUZZWIT began operations in 2018 as a company operating an e-commerce-only brand targeting the low-price market and has grown steadily. Seeking further business expansion through M&A, the company focused on the children’s clothing category, which is well suited to e-commerce. Through this share acquisition, the company aims to further expand the business by sharing 株式会社BUZZWIT’s expertise and business foundation.」
As of 31 March 2022, the company acquired shares of オープンアンドナチュラル through 株式会社BUZZWIT, making the company operating the children’s clothing e-commerce brand “pairmanon” an indirectly owned, 100.0%-owned consolidated subsidiary. It aims to expand the children’s clothing e-commerce business by sharing 株式会社BUZZWIT’s expertise and business foundation.