Entering the Esports Business Through the Acquisition of XENOZ Shares
First written in FY2023-Q3. 1 of 3 entries say "Achieved", first in FY2023. Latest entry: FY2025.
J.Front Retailing moved to the "Worse" side of this theme in 2025.
0 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「For other items, primarily because the profitability of 株式会社XENOZ declined, we reduced the carrying amount of goodwill to its recoverable amount and recognized the resulting decrease of ¥36 million as an impairment loss.」
Following XENOZ's entry into the e-sports business, the company recognized an additional goodwill impairment loss of ¥36 million due to declining profitability. - FY2023AchievedAnnual report
「On 1 December 2022, we acquired shares of 株式会社ＸＥＮＯＺ and made it a consolidated subsidiary.」
Regarding the decision to acquire 50.8% of XENOZ's shares, the acquisition and its inclusion as a consolidated subsidiary were completed effective 1 December 2022. - FY2023-Q3First statedAnnual report
「In addition, we decided to acquire 50.8% of the shares of 株式会社XENOZ, which owns the e-sports team SCARZ. We will enter the e-sports business, which is expected to grow, while working to create synergies with each business, including shopping centers and department stores.」
The company decided to acquire 50.8% of XENOZ's shares and newly set out entry into the e-sports business and the creation of synergies with shopping centers and department stores.