Preparations for a Video Streaming Business to Enter the Chinese Market
First written in FY2016-Q3. 4 of 10 entries say "Reframed", first in FY2017. Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020ReframedAnnual report
「We worked to continue and advance the business by reducing fixed costs through the consolidation of local entities and the reallocation of personnel in Greater China.」
The plan was changed from an expansion centred on the China and Shanghai bases to greater efficiency involving the consolidation of the Greater China base in Hong Kong and the reallocation of personnel. - FY2020-Q2ReframedAnnual report
「At a meeting of the Board of Directors held on 19 March 2020, we resolved to dissolve 魅仕坊（上海）互聯網科技有限公司 and begin liquidation proceedings in order to consolidate our business base in Greater China in Hong Kong, with a view to concentrating management resources on the medical tourism and cross-border e-commerce businesses and improving the efficiency of group management.」
The policy for developing the Greater China business based on the Chinese subsidiary was changed to a plan to concentrate the management resources for medical tourism and cross-border e-commerce in Hong Kong. - FY2019-Q1AdvancedAnnual report
「For new businesses, we have promoted a wide range of initiatives without being constrained by existing frameworks, based at the Chinese subsidiary Media Kobo (Shanghai) Internet Technology Co., Ltd. and 株式会社メディトラ, established in October 2018, in cooperation with companies in Japan and overseas.」
In addition to the Chinese subsidiary, 株式会社メディトラ, established in October 2018, served as a base for developing a structure to promote new businesses in cooperation with companies in Japan and overseas. - FY2018AdvancedAnnual report
「For the following consolidated fiscal year, we will make promoting new businesses our top priority. Based at the Chinese subsidiary established on 15 September 2017, Media Kobo (Shanghai) Internet Technology Co., Ltd., we will strengthen our cooperation structure with local development companies and promote a wide range of businesses without being constrained by existing frameworks.」
The Chinese subsidiary has been repositioned from being merely at the establishment stage to serving as a base for cooperation with local development companies and the promotion of new businesses. - FY2018-Q3AdvancedAnnual report
「From the first quarter of the consolidated fiscal year, we included the newly established Media Kobo (Shanghai) Internet Technology Co., Ltd. in the scope of consolidation.」
The Chinese subsidiary established in the previous fiscal year was included in the scope of consolidation from the first quarter, making the business structure in China an accounting consolidation target. - FY2018-Q2AdvancedAnnual report
「In March, we entered into a business alliance agreement with 北京凌宇智控科技有限公司 (English name: LYRobotix Co., Ltd; headquarters: Haidian District, Beijing, China; Representative Director: Zhang Daoning (張道寧)) (hereinafter, “LYRobotix Co., Ltd”) covering the exclusive general sales agency rights in Japan for the “NOLO” VR controller developed and manufactured by the company, as well as the right to operate in Japan the “NOLO HOME” VR content platform operated by the company. We are steadily advancing the expansion of domestic VR content through synergies with hardware sales, including PIMAX products.」
Cooperation with the Chinese market and Chinese subsidiary progressed from preparations for video distribution to a specific partnership involving VR device sales and operation of a content platform. - FY2018-Q1ReframedAnnual report
「In the VR-related business, we are also engaged in the sale of VR devices in cooperation with the local Chinese subsidiary.」
The core of the new business aimed at the Chinese market has taken concrete shape as VR device sales in cooperation with the local Chinese subsidiary, changed from the previous preparations for entry into video distribution and AR. - FY2017ReframedAnnual report
「We established a Chinese subsidiary with 100% of the capital provided by our company and are developing a structure to strengthen business cooperation with the Chinese subsidiary in Shanghai in connection with internet operations and distribution.」
The plan was changed from preparing for video distribution aimed at China through the Korean affiliate to establishing a cooperation structure centred on the Shanghai subsidiary for digital content and VR. - FY2016RestatedAnnual report
「With the aim of expanding into the enormous Chinese market, we worked with our Korean affiliate to prepare for entry into new fields, including video distribution services and AR businesses.」
The company continues to consider entry into China-focused video distribution, AR and other businesses in cooperation with its Korean affiliate. - FY2016-Q3First statedAnnual report
「Regarding collaboration with our Korean affiliate, we explored specific partnership methods for providing video distribution services as part of our entry into the enormous Chinese market. The cumulative third quarter served as a preparation period for entering this new field.」
The company is at the stage of considering how to enter the Chinese video distribution services market through collaboration with its Korean affiliate.