Expansion of the cloud inspection business for the construction industry through the acquisition of Rixio Co., Ltd. as a wholly owned subsidiary
First written in FY2019-Q2. 4 of 11 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021DroppedAnnual report
「While Rixio's resources and other assets produced some results in establishing the business base for AISH in the construction industry, issues also emerged in Rixio's business, which had limited synergies with IT. The company determined that improving the profitability of businesses at Rixio with limited affinity to the AISH business would require a considerable amount of time and labor costs, and decided to transfer the shares.」
The policy of expanding the construction-sector business through the acquisition of Rixio as a wholly owned subsidiary was judged to require too much time and labor cost to improve earnings, and ended with the transfer of shares and removal from the scope of consolidation on 30 March 2021. - FY2021-Q3AdvancedAnnual report
「Rixio Co., Ltd. worked with the Business Development Center and pursued initiatives to improve earnings capacity, including by focusing on highly profitable projects.」
In addition to cooperating with the Business Development Center, Rixio pursued improved earnings capacity by focusing on highly profitable projects. - FY2021-Q2AdvancedAnnual report
「Rixio Co., Ltd. strengthened its cooperation with the Business Development Center and partner companies and pursued business expansion.」
Rixio pursued business expansion by strengthening cooperation with the Business Development Center and partner companies. - FY2021-Q1AdvancedAnnual report
「Rixio Co., Ltd. strengthened its cooperation with the Business Development Center and worked to establish a structure for business expansion.」
Rixio progressed from developing its existing internal structure and earnings structure to strengthening cooperation with the Business Development Center and establishing a structure for business expansion. - FY2020RestatedAnnual report
「Rixio Co., Ltd. worked with the Business Development Center to expand and strengthen its human resources services.」
As part of its initiatives following the conversion of Rixio into a wholly owned subsidiary, the company continued expanding and strengthening the human resources service through cooperation with the Business Development Center. - FY2020-Q3ReframedAnnual report
「Rixio Co., Ltd. worked with the Business Development Center to expand and strengthen its human resources services.」
Following the conversion of Rixio into a wholly owned subsidiary, the focus of the initiatives described shifted from developing the internal structure and earnings structure to expanding and strengthening the human resources service through cooperation with the Business Development Center. - FY2020-Q2RestatedAnnual report
「Rixio Co., Ltd. worked to establish an internal structure and strengthen its earnings structure to expand its business.」
As part of its initiatives following the conversion of Rixio into a wholly owned subsidiary, the company continued to establish an internal structure and strengthen its earnings structure for business expansion. - FY2020-Q1RestatedAnnual report
「Rixio Co., Ltd. worked to establish an internal structure and strengthen its earnings structure to expand its business.」
As part of its initiatives following the conversion of Rixio into a wholly owned subsidiary, the company continued to develop its internal structure and earnings structure for business expansion. - FY2019RestatedAnnual report
「Rixio Co., Ltd. became part of our group from the current consolidated fiscal year, with the aim of adding to our business the AISH (AI Super-Humanizing) business, a new business involving people whose work efficiency and service quality have been improved through the use of AI speech recognition and speech AI amid recent labor shortages and workplace reform initiatives. During the current fiscal year, priority was given to establishing a structure for expanding the business from the next fiscal year onward.」
Following the conversion of Rixio into a wholly owned subsidiary, the company incorporated it into the group from the current consolidated fiscal year and prioritized establishing a structure for expanding the business from the next fiscal year onward. - FY2019-Q3AdvancedAnnual report
「Upon finalizing the provisional accounting treatment, the quarterly consolidated financial statements for the cumulative third quarter reflected a material revision to the initial allocation of the acquisition cost. Goodwill, provisionally calculated at ¥19,042 thousand, decreased by ¥2,468 thousand upon finalization of the accounting treatment, resulting in ¥16,573 thousand.」
Regarding the acquisition of Rixio, the provisional accounting treatment for the allocation of the acquisition cost was finalized in the third quarter, and goodwill was finalized at ¥16,573 thousand. - FY2019-Q2First statedAnnual report
「Our group determined that making Rixio Co., Ltd. a wholly owned subsidiary would enable it to accelerate the development and provision of cloud services that improve the efficiency and quality of inspection operations in the construction industry, where labor shortages are becoming increasingly severe, expand beyond its existing speech-recognition business, and further develop both businesses and enhance corporate value. Date of business combination: 24 August 2018 (deemed acquisition date: 30 September 2018); voting rights acquired: 100%.」
The company acquired all shares of Rixio on 24 August 2018 and announced a policy of accelerating the development and provision of cloud services aimed at improving the efficiency and quality of inspection operations for the construction industry.