Expanding the Manga App and Content Platform Through Nagisa Becoming a Subsidiary
First written in FY2021-Q3. 1 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2023-Q3.
No other company in this theme has enough history to compare yet.
- FY2023-Q3ReframedAnnual report
「At a meeting of the Board of Directors held on 16 January 2023, the company resolved to transfer all shares of its consolidated subsidiary 株式会社Nagisa to Yokoyama Yoshiyuki (横山佳幸), and entered into a share transfer agreement on the same day.」
For Nagisa, the company changed its policy from expanding the manga app and content platform through making it a subsidiary to transferring all shares to the representative director and president. The sale was scheduled for 31 January 2023, and an impairment loss of ¥287 million on goodwill was also recorded before the shares were transferred. - FY2022MaterialisedAnnual report
「Regarding goodwill at 株式会社Nagisa, the company determined that achieving the business plan prepared at the time of acquisition had become difficult because changes in the external environment, including platform operators’ responses to online advertising regulations, had occurred in the manga app business, its core business. As a result, it recognized an impairment loss of ¥394 million.」
The company recorded a ¥394 million impairment loss on goodwill related to Nagisa’s manga app business due to changes in the external environment and the difficulty of achieving the business plan. - FY2022-Q2Impairment recognized on a subsidiary’s businessAnnual report
「The company recorded an extraordinary loss, comprising an impairment loss of ¥394 million, related to its consolidated subsidiary 株式会社Nagisa. In the manga app business, its main business, the company reviewed the progress of revenue and other items under the initial plan in light of changes in the external environment, including digital platforms' responses to regulations concerning online advertising, and examined the recoverability of goodwill. As a result, it recognized an impairment loss.」
For Nagisa’s manga app business, the company reviewed its plans in response to digital platform operators’ measures to comply with online advertising regulations and other factors, and recorded an impairment loss of ¥394 million on goodwill. - FY2022-Q1RestatedAnnual report
「Advertising investment at 株式会社Nagisa to capture growth in the manga app market and」
The company is continuing to invest in advertising to capture growth in Nagisa’s manga app market. - FY2021AdvancedAnnual report
「During the current consolidated fiscal year, the company steadily laid the groundwork for the following fiscal year and beyond, including through active advertising investment to accelerate the realization of synergies with Nagisa, acquired in October 2020, and a focus on developing a publishing ERP capable of managing sales and royalties for both e-books and print books.」
The company is investing in advertising to accelerate the realization of synergies following the acquisition of Nagisa and is expanding its manga app business. - FY2021-Q3First statedAnnual report
「In October 2020, the Company made Nagisa Co., Ltd., which develops, maintains and operates manga apps and other services, a subsidiary in order to provide new platforms and develop businesses that deliver optimal content to increasingly diverse users while creating complementary value across the digital content distribution value chain. Through the integration of Nagisa into the Group, its manga apps gained a stronger lineup of serialized works, popular titles and new releases from major publishers.」
Acquired Nagisa in October 2020 and is pursuing complementary value across the value chain, new platform offerings and a stronger content lineup.