Growth Through M&A with Strategically Aligned Companies
First written in FY2018. 9 of 12 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2026.
26 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「There is 1 equity-method affiliate: BeyondSquare Solutions Private Limited. As the company newly acquired shares in BeyondSquare Solutions Private Limited, the company was included in the scope of equity-method affiliates from the current consolidated fiscal year.」
As part of external growth and a strategic alliance, the company acquired shares in India's BeyondSquare Solutions Private Limited and made it an equity-method affiliate from the current consolidated fiscal year. The voting interest is 21.9%. - 2026-04-30AdvancedFinancial Results Presentation
「We are taking action toward completing M&A transactions capable of generating ¥2.5 billion in software gross profit」
The company presented specific potential investment targets and an execution policy for M&A involving companies that fit its strategy and are expected to generate software gross profit. - FY2025-H1AdvancedAnnual report
「From the current interim consolidated accounting period, DivaCygnet Private Limited, established on 5 August 2024, and 株式会社VISTA, established on 11 October 2024, have been included in the scope of consolidation. As a result, the number of consolidated subsidiaries increased from 5 to 7.」
Following its establishment, the joint venture DivaCygnet Private Limited with Cygnet was included in the consolidated accounts, moving into the implementation stage of group operations. - FY2024AdvancedAnnual report
「At a board meeting held on 26 April 2024, the company resolved to establish the joint venture DivaCygnet Private Limited through a joint investment with Cygnet Infotech Private Limited. Pursuant to this resolution, the joint venture agreement was signed on 30 April 2024 and the joint venture was established on 5 August 2024.」
For external growth with a strategically aligned company, the company established a joint venture with Cygnet and advanced to the stage of researching software sales and beginning business development in the Indian market. - FY2024-Q3AdvancedAnnual report
「At a meeting of its Board of Directors held on 26 April 2024, the company resolved to establish a joint venture, DivaCygnet Private Limited (tentative name), through a joint investment with Cygnet Infotech Private Limited.」
As part of external growth and a strategic alliance, the company resolved to establish a joint venture through a joint investment with an Indian software company. The purpose is to research and develop the business of selling the company's software in the Indian market, and the company's equity contribution is 80%. - FY2022AdvancedAnnual report
「Sales and implementation in the Japanese market of Metapraxis's products localized into Japanese, the primary objective of our capital and business alliance with Metapraxis, have already begun, and the business is getting off to a solid start.」
The company stated that, under its alliance with Metapraxis Limited, it had begun selling and implementing Japanese-localized products in the Japanese market. - FY2021AdvancedAnnual report
「This was also part of the measures under the five-year medium-term management plan BE GLOBAL through the fiscal year ending June 2023 to expand the business and enhance corporate value by raising the recurring revenue ratio to 70%.」
The capital and business alliance with Metapraxis Limited was positioned as a specific external growth initiative aimed at expanding the business, enhancing corporate value and raising the recurring revenue ratio to 70%. - FY2021-Q3AdvancedAnnual report
「Metapraxis Limited, whose shares were acquired during the third quarter of the current consolidated accounting period, has newly been included within the scope of equity-method accounting.」
As part of M&A and alliances with strategically aligned companies, the acquisition of shares in Metapraxis Limited was completed and reflected in the consolidated accounts as an equity-method affiliate. - FY2021-Q2AdvancedAnnual report
「This was also part of the measures under the five-year medium-term management plan BE GLOBAL through the fiscal year ending June 2023 to expand the business and enhance corporate value by raising the recurring revenue ratio to 70%.」
As a specific example of business expansion through M&A and alliances, the board of directors resolved to enter into a capital and business alliance with Metapraxis Limited. One objective of the measures was to raise the recurring revenue ratio to 70%. The agreement was scheduled to be signed in mid-February 2021, with an expected equity interest of 13.04% and a voting interest of 21.81%. - FY2020RestatedAnnual report
「In addition to growing existing businesses, if opportunities arise for M&A with companies whose direction is aligned with our group's strategy, we will carefully assess whether the transaction will contribute to enhancing group corporate value and actively pursue it, while taking care to ensure that conducting M&A does not itself become the objective.」
The company continues to pursue M&A based on the growth of existing businesses, while confirming strategic fit and the potential to enhance corporate value. - FY2019External growth investment criteria specifiedAnnual report
「In pursuing external growth, we will reduce the risk of impairing corporate value through indiscriminate expansion by using the following criteria: the target must be aligned with the direction pursued by our group, capital costs must be taken into account, and we must expect to be able to maintain ROE of at least 20% even after the transaction.」
In addition to a policy of proactively considering M&A and capital alliances, the company explicitly identified strategic fit, capital costs and the expected ability to maintain ROE of at least 20% as criteria for evaluating external growth. - FY2018First statedAnnual report
「In addition to growing existing businesses, if opportunities arise for M&A with companies whose direction is aligned with our group's strategy, we will carefully assess whether the transaction will contribute to enhancing group corporate value and actively pursue it, while taking care to ensure that conducting M&A does not itself become the objective.」
For the first time, the company explicitly stated a strategy of actively pursuing M&A while carefully assessing strategic fit and the potential to enhance corporate value, in addition to growing existing businesses.