Diversifying the Earnings Base and Accelerating Growth through M&A
First written in FY2021-Q3. 15 of 19 entries say "Advanced", first in FY2021. Latest entry: 2026-10-15.
30 other companies' latest entry also says "Advanced".
- 2026-10-15AdvancedEarnings presentation
「Advertising costs have been reduced and profit margins have improved at certain major stores, and initial effects toward improving profitability after the acquisition are beginning to emerge」
カラコンダイレクト買収後の統合施策について、一部店舗で広告費削減と利益率改善の初期効果が現れている。 - FY2027-H1AdvancedAnnual report
「During the current interim consolidated accounting period, we continued to promote post-merger integration (PMI) initiatives aimed at improving sales and advertising efficiency by leveraging the Company’s marketing and operational improvement expertise. As a result, advertising efficiency has improved and advertising expenses have begun to decline at some stores on major e-commerce marketplaces, indicating the initial effects of efforts to improve profitability following the acquisition.」
For the acquired business カラコンダイレクト, we are advancing PMI using the Company’s marketing and operational improvement expertise, and initial effects have begun to emerge at some major e-commerce marketplaces in the form of improved advertising efficiency and reduced advertising expenses. - FY2026AdvancedAnnual report
「At a meeting of its Board of Directors held on 17 November 2025, the company resolved to enter into a share transfer agreement to acquire all issued shares of リバースチェーンコンサルティング株式会社 and make it a subsidiary. The share acquisition procedures were completed on 1 December 2025, and the company acquired all shares, making リバースチェーンコンサルティング株式会社 a subsidiary.」
As part of diversifying its earnings base through M&A, the company acquired 100% of リバースチェーンコンサルティング on 1 December 2025 and completed the process of making it a consolidated subsidiary operating a colored contact lens business. - FY2025-H1Completion of the partial transfer of an acquired subsidiaryAnnual report
「As the transfer was completed on 31 July 2024, 株式会社FM NORTH WAVE was excluded from the scope of consolidation of the company’s group.」
The transfer of all shares in FM NORTH WAVE, acquired through M&A, was completed on 31 July 2024, and the company was excluded from the scope of consolidation. - FY2025-Q1Partial transfer of an acquired subsidiaryAnnual report
「The company’s main business is its health and beauty care-related business, which sells original branded health and beauty products, beauty appliances and other products. In March 2021, it acquired shares in FM NORTH WAVE, an FM radio station broadcasting in Hokkaido that provides basic and advertising radio broadcasting, produces broadcast programs and operates related sales businesses. Through the production and broadcast of radio programs to build the corporate brand, as well as mail-order radio programs targeting its expected customer base, the company sought to acquire new customers outside its main customer base of internet purchasers.」
The company explained that, after transferring FM NORTH WAVE’s management functions to Tokyo, it became difficult to generate synergies with its community-based business, and decided to transfer all of its shares. - FY2022RestatedAnnual report
「The company made 2 companies consolidated subsidiaries during the consolidated fiscal year. It will continue to diversify its earnings base and accelerate growth through M&A, while strengthening cooperation among group companies to maximize synergies by leveraging the strengths of each operating company in the group.」
Based on its track record of making FM NORTH WAVE and ASHIGARU 2 consolidated subsidiaries, the company will continue to pursue diversification of its earnings base through M&A and the realization of synergies across the group. - FY2022-Q3AdvancedAnnual report
「For 株式会社ASHIGARU, which became a consolidated subsidiary, the company launched various measures in earnest to expand sales, in addition to transferring operational and administrative responsibilities, and worked on product development and the development of sales channels to support further business expansion.」
Regarding post-M&A initiatives, the company proceeded with the transfer of ASHIGARU’s operations and administrative responsibilities and moved into the execution phase for measures to expand sales, product development and the development of sales channels. - FY2022-Q2AdvancedAnnual report
「During the first six months of the consolidated fiscal year, the company transferred operational and administrative responsibilities, established an internal structure for further expansion of sales channels, and planned and developed new products in the beauty appliances category.」
After making ASHIGARU a subsidiary, the company proceeded with the transfer of operational and administrative responsibilities, established an internal structure to expand sales channels, and planned and developed new beauty appliances. This describes the execution phase aimed at business expansion and realizing synergies after the M&A. - FY2022-Q1AdvancedAnnual report
「The company acquired the shares of 株式会社エフエム・ノースウエーブ on 31 March 2021 and the shares of 株式会社ASHIGARU on 31 May 2021, making both companies subsidiaries.」
Regarding the M&A transactions previously presented as contracted or planned, the company completed the acquisition of 72.8% of the voting rights in FM NORTH WAVE and all shares of ASHIGARU, making both companies consolidated subsidiaries. - FY2021AdvancedAnnual report
「As part of its management strategy, the company is pursuing diversification of its earnings base and accelerated growth through active M&A. During the fiscal year, it entered into share transfer agreements to make the following companies subsidiaries.」
The company completed 2 M&A transactions. It acquired 72.8% of the voting rights in FM NORTH WAVE on 31 March 2021, making it a subsidiary, and entered into an agreement to acquire 100% of ASHIGARU’s issued shares, with the acquisition scheduled for 31 May 2021. - FY2021-Q3First statedAnnual report
「As part of its management strategy, the company will also pursue diversification of its earnings base and accelerated growth through active M&A. Where economies of scale and synergies are expected, the company plans to expand existing businesses, enter new businesses and diversify its operations through M&A, with the aim of increasing corporate value.」
The company explicitly identified M&A for the first time as a means of diversifying the earnings base and accelerating growth through expansion of existing businesses, entry into new businesses and business diversification. No specific transactions were reported as implemented or completed.