Growth and Industry Revitalization through the Consideration and Execution of M&A
First written in FY2017. 4 of 6 entries say "Reframed", first in FY2019-Q2. Latest entry: FY2025-Q1.
Tokyo Base moved to the "Worse" side of this theme in 2019, 2 years before the typical company in this theme (2021).
2 other companies' latest entry also says "Reframed".
- FY2025-Q1ReframedAnnual report
「To achieve the medium-term management plan, the Company will promote (1) strengthening its human resources and organisation, (2) strengthening its physical stores, (3) strengthening e-commerce, (4) strengthening its product offering, (5) strengthening its overseas business, and (6) M&A.」
After ending the capital and business alliance with FACTOTUM, the Company again positioned M&A as one of the 6 pillars of its medium-term management plan and a growth initiative. - FY2021ReframedAnnual report
「September 2020: Transferred all shares of 株式会社ＦＡＣＴＯＴＵＭ to the company itself, ending the capital and business alliance」
All remaining shares in FACTOTUM were transferred, ending the capital and business alliance. The Company's M&A and capital relationship initiatives changed from making an investment to ending the relationship. - FY2019ReframedAnnual report
「June 2018: Sold 45.6% of the shares of 株式会社ＦＡＣＴＯＴＵＭ, making it a non-affiliate; accordingly, the Company will identify high-quality, large-scale M&A opportunities, carefully assess their profitability and proceed with transactions.」
The investment in FACTOTUM was converted to a non-affiliate through the sale of 45.6% of its shares, while the Company stated its policy of continuing to identify, assess and pursue high-quality, large-scale M&A opportunities. - FY2019-Q2ReframedAnnual report
「The e-commerce franchise FACTOTUM ZOZOTOWN store was transferred to 株式会社ＦＡＣＴＯＴＵＭ.」
E-commerce operations related to FACTOTUM were transferred to 株式会社ＦＡＣＴＯＴＵＭ, restructuring the Company's operational involvement with the former affiliate. - FY2018AdvancedAnnual report
「June 2017: Acquired 49% of the shares of 有限会社ロスチャイルド, now 株式会社ＦＡＣＴＯＴＵＭ, making it an equity-method non-affiliate」
For M&A, which had previously been limited to considering and identifying opportunities, a specific investment was made through the acquisition of 49% of 株式会社ＦＡＣＴＯＴＵＭ. - FY2017First statedAnnual report
「The Company is considering acquisitions in order to achieve sustained high growth. Accordingly, it will actively identify M&A opportunities, carefully assess their profitability and proceed with transactions.」
The Company has stated for the first time its policy of identifying opportunities involving companies and brands with strengths in e-commerce and store operations, assessing their profitability and then pursuing acquisitions.