Strengthening the game operation and development structure through the acquisition of 株式会社ORATTA
First written in FY2019-Q1. 1 of 3 entries say "Worsened", first in FY2019. Latest entry: FY2020-Q1.
6 other companies' latest entry also says "Advanced".
- FY2020-Q1AdvancedAnnual report
「From the first quarter of the current consolidated fiscal year, 株式会社ORATTA has been excluded from the scope of consolidation because it was absorbed in a merger by ファンプレックス株式会社.」
ORATTA was absorbed in a merger by ファンプレックス株式会社 and excluded from the scope of consolidation. No information is provided on whether the earnings expected from the acquisition or the planned strengthening of the organisational structure was achieved. - FY2019WorsenedAnnual report
「The goodwill was initially amortised on a straight-line basis over 2 years. However, after examining the recoverable amount based on projected future cash flows, the unamortised balance was recognised as an impairment loss.」
The ¥419 million of goodwill arising from the acquisition of ORATTA was impaired because the earnings anticipated at the time of the acquisition could no longer be expected. - FY2019-Q1First statedAnnual report
「Since its founding in 2010, 株式会社ORATTA has operated a mobile social gaming business covering game planning, development and operation. It is an important business partner of our group, including through the distribution of games on the GREE Platform. The acquisition of the shares will allow the group to incorporate the knowledge and advanced technical capabilities that 株式会社ORATTA has developed through 8 years of game operation, acquire new titles to operate, and strengthen its technical and organisational capabilities. We therefore determined that the acquisition would enable us to expand the business.」
On 1 July 2018, the company acquired shares of 株式会社ORATTA and made it a consolidated subsidiary with a 100% voting-rights ratio. The consideration was ¥756 million and goodwill was ¥419 million. The measure to incorporate ORATTA's game-operation expertise and technical capabilities, acquire new titles to operate, and strengthen the company's technical and organisational capabilities was disclosed for the first time.