Strengthening Products and Sales Capabilities and Creating Synergies Through the Acquisition of Chichikaka as a Subsidiary
First written in FY2022-Q3. 4 of 10 entries say "Advanced", first in FY2023-Q1. Latest entry: 2026-10-14.
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- 2026-10-14DroppedRevision of earnings forecastsSuggests it is closing out
「当社グループにおいては十分なシナジー効果が生み出せず赤字が継続していた連結子会社である株式会社チチカカを売却したこと」
チチカカ子会社化による商品・販売シナジー創出のテーマについて、十分なシナジー効果が生まれず赤字が継続していたことを理由として売却したと記載され、当該取り組みの終息が示唆された。 - FY2027-H1DroppedAnnual report
「The company transferred all shares of Chichikaka Co., Ltd. as of 10 September 2026.」
The initiatives to strengthen products and sales and create synergies through the acquisition of Chichikaka as a subsidiary moved toward conclusion as group initiatives following the transfer of all shares. - 2026-09-10DroppedM&A and Subsidiary ChangesSuggests it is closing out
「Since Chichikaka became a subsidiary, we have supported its business operations. However, due to changes in consumer lifestyles after the COVID-19 pandemic, intensifying competition in the e-commerce channel and rising procurement costs, among other factors, the synergies initially expected were not achieved, and Chichikaka's earnings environment remained challenging.」
The company disclosed that the synergies initially expected from making Chichikaka a subsidiary, including strengthening its products and sales capabilities, had not been achieved, indicating that the initiative within the Group would end through the share transfer. - FY2024-Q1AdvancedAnnual report
「In the First Business Division, whose principal business is selling mid-priced apparel at suburban shopping centers and malls, we sought to raise selling prices by strengthening branded products. We also pursued measures to attract more female customers, including selling character merchandise in stores and rolling out Chichikaka women’s products at 6 METHOD stores.」
The product and sales synergies following the acquisition of Chichikaka as a subsidiary advanced through a concrete strategy of selling Chichikaka-branded women's products at METHOD6 stores. - FY2023AdvancedAnnual report
「As a new initiative during the consolidated fiscal year, the company promoted the sale of womenswear under its subsidiary チチカカ brand at シーズメン stores, working to strengthen its appeal to female customers.」
The product and sales synergies following the acquisition of Chichikaka as a subsidiary advanced through a strategy of selling Chichikaka-branded women's products at Seasons Men's stores. - FY2023-Q3RestatedAnnual report
「In terms of products, the company continued introducing Indian products that draw on Chichikaka's distinctive characteristics and strengthening its range of higher-priced items such as dresses and skirts. It also expanded its lineup of revival products with a strong sales track record, increased repeat offerings of high-utilization items, and strengthened its range of products for its main customer segment, women in their 30s.」
The product and sales enhancement following the acquisition of Chichikaka as a subsidiary has continued through repeated introductions of Indian products, higher-priced products, revival products, and high-utilization products, as well as a stronger range of products for women in their 30s. - FY2023-Q2AdvancedAnnual report
「In terms of products, the company focused on sales targeting women in their 30s, its main customer segment, expanded its lineup of revival products with a strong sales track record, and increased repeat offerings of items with high utilization rates.」
The synergy strategy following the acquisition of Chichikaka as a subsidiary has taken concrete form through a product mix targeting women in their 30s, expansion of revival products, and stronger repeat offerings of high-utilization products. - FY2023-Q1AdvancedAnnual report
「In terms of products, the company sought to increase average spending per customer by introducing Indian products that draw on Chichikaka's distinctive characteristics and strengthening its range of higher-priced items such as dresses and skirts.」
The synergy strategy following the acquisition of Chichikaka as a subsidiary moved into the implementation stage through the introduction of Indian products characteristic of Chichikaka and the strengthening of the range of higher-priced products to increase average spending per customer. - FY2022AchievedAnnual report
「Pursuant to the agreement, the company entered into a share transfer agreement on 1 March 2022 and acquired all shares as of 1 March 2022, making Chichikaka a subsidiary.」
The planned acquisition of Chichikaka as a subsidiary in the previous quarter was completed on 1 March 2022 through the acquisition of all shares. - FY2022-Q3First statedAnnual report
「At a meeting of the board of directors held on 30 November 2021, the company resolved to enter into a basic agreement concerning the acquisition of shares in Chichikaka Co., Ltd. (hereinafter, "Chichikaka") and make it a subsidiary, subject to the acquisition of the shares. The company expects improved performance from synergies such as stronger products and sales capabilities, mutual sharing of expertise, and cost reductions through the joint operation of administrative functions, by adding Chichikaka, which operates in the same industry, to the group. (4) Number of shares to be acquired 20 shares (Number of voting rights: 20) (Voting rights ownership ratio: 100.0%) (2) Scheduled date of execution of the share transfer agreement 28 February 2022 (scheduled) (3) Scheduled date of execution of the share transfer 1 March 2022 (scheduled)」
The company resolved on 30 November 2021 to enter into a basic agreement and planned to make Chichikaka a subsidiary by acquiring 20 shares, representing 100% of voting rights. The initiative was first described as targeting synergies through stronger product and sales capabilities, shared expertise, and joint administrative functions. Both execution of the share transfer agreement and completion of the transfer remained scheduled.