Expansion of the EdTech business and making ALC Co., Ltd. a subsidiary
First written in FY2019-Q1. 7 of 11 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021ReframedAnnual report
「Based on the outline of this strategy, after structural reform at 株式会社アルク following its acquisition as a subsidiary and the establishment of a framework for data integration, the Company decided to remove it from the Group through this transfer, taking into account the need to secure flexibility in the coming new normal and the future impact on the Company's consolidated financial statements.」
The policy shifted from expanding the EdTech business and making 株式会社アルク a subsidiary to removing it from the Group after structural reform and the establishment of a data integration framework. The transfer was completed on 30 November 2020. - FY2021-Q2ReframedAnnual report
「At a meeting of the Board of Directors held on 17 September 2020, the Company resolved to transfer all shares of its consolidated subsidiary 株式会社アルク and transferred the shares on 30 November 2020. As a result of this share transfer, 株式会社アルク and its 2 subsidiaries were excluded from the scope of consolidation.」
The policy shifted from expanding the EdTech business and making 株式会社アルク a subsidiary to removing it from the Group through the transfer of all shares. - FY2021-Q1WorsenedAnnual report
「At 株式会社アルク, revenue fell substantially because the spread of COVID-19 led to the suspension of services in the instructor-dispatch language training business and study-abroad-related business. Book revenue also declined as bookstores closed under the state of emergency. As a result, revenue was ¥907.576 million, down 33.3% year on year, and the segment loss was ¥215.962 million, compared with a segment loss of ¥156.121 million in the same quarter of the previous year.」
At 株式会社アルク, revenue fell 33.3% year on year because of the suspension of language training and study-abroad-related services and the impact of bookstore closures, while the segment loss widened from the same period of the previous year. - FY2020AdvancedAnnual report
「The core education publishing business operated by 株式会社アルク has a business model weighted toward the fourth quarter, but sales expected in the fourth quarter fell sharply because of the spread of COVID-19. In addition, demand for children's English conversation schools and corporate training, including overseas training, fell sharply before reaching its peak season, also due to the spread of COVID-19. Revenue was nevertheless ¥5,907.322 million, up 23.7% from the previous consolidated fiscal year.」
While incorporating 株式会社アルク's full-year results and advancing the digitization of education content, the Company faced a sharp decline in demand for publishing, training and other services because of COVID-19. The EdTech business recorded a segment loss of ¥368.987 million. - FY2020-Q3AdvancedAnnual report
「The core education publishing business operated by 株式会社アルク has a business model weighted toward the fourth quarter, so sales of Japanese-language and second-foreign-language books slowed. However, the Company focused on preparing promotional initiatives such as fairs ahead of the peak sales season and developing English-language education for children. It also focused on providing language education content for smart speakers, tablets and subscription-based services.」
While the slowdown in publishing sales was disclosed, the Company advanced promotional activities such as fairs, development of English-language education for children, and content provision for smart speakers, tablets and subscription-based services. - FY2020-Q2AdvancedAnnual report
「At 株式会社アルク, which operates this business, the Company promoted sales of language education-related books and orders for corporate training, while focusing on providing language education content for smart speakers, tablets and subscription-based services. As a result, revenue was ¥2,729.873 million and the segment loss was ¥258.283 million.」
At 株式会社アルク, the Company advanced book sales and corporate training, as well as the provision of content for smart speakers, tablets and subscription-based services. Revenue of ¥2,729.873 million and a segment loss of ¥258.283 million were recorded. - FY2020-Q1AdvancedAnnual report
「At 株式会社アルク, which operates this business, sales of second-foreign-language books slowed in the core publishing field, while continued adoption of existing projects and new orders from universities and other institutions performed well in the education field. As a result, revenue was ¥1,360.873 million and the segment loss was ¥156.121 million.」
While sales of second-foreign-language books slowed, continued adoption by universities and other institutions and new orders performed well. The EdTech business recorded revenue of ¥1,360.873 million and a segment loss of ¥156.121 million. - FY2019AdvancedAnnual report
「In the core publishing field, sales of Japanese-language and second-foreign-language books performed well. In the education field, the Company won large orders from universities and other institutions by providing products and services tailored to needs while keeping pace with major changes in educational settings. As a result, revenue was ¥4,776.670 million and segment profit was ¥281.304 million.」
Book sales performed well in the EdTech business centered on 株式会社アルク, and large orders were won from universities and other institutions. Revenue of ¥4,776.670 million and segment profit of ¥281.304 million were recorded. - FY2019-Q3AdvancedAnnual report
「In the core publishing field, sales of Japanese-language and second-foreign-language books performed well. In the education field, the Company won large orders from universities and other institutions by providing products and services tailored to needs while keeping pace with major changes in educational settings. As a result, revenue was ¥1,425.268 million and segment profit was ¥33.537 million.」
Publishing books performed well in the EdTech business centered on 株式会社アルク, and large orders were won from universities and other institutions. Revenue of ¥1,425.268 million and segment profit of ¥33.537 million were recorded. - FY2019-Q2AdvancedAnnual report
「In light of steady progress in launching new businesses in the “Lifestyle Revolution” area established under the medium-term business policy “SiLK VISION 2020,” the Company decided to expand into the “EdTech (Education × Technology)” business with a view to achieving further growth. As part of this initiative, it acquired 株式会社アルク, a comprehensive language education company focused on English, as a subsidiary. Business combination date: 28 September 2018; voting rights ratio after acquisition: 100%.」
The planned acquisition of 株式会社アルク as a subsidiary in the previous filing was completed on 28 September 2018. The EdTech business advanced to the stage of using 株式会社アルク's language education content together with the Group's ICT expertise and business resources, but because of the deemed acquisition date, 株式会社アルク's results were not included in profit or loss for the second quarter. - FY2019-Q1First statedAnnual report
「In light of steady progress in launching new businesses in the “Lifestyle Revolution” area established under the medium-term business policy “SiLK VISION 2020,” the Company decided to expand into the “EdTech (Education × Technology)” business with a view to achieving further growth. As part of this initiative, it decided to acquire 株式会社アルク, a comprehensive language education company focused on English, as a subsidiary. Business combination date: 28 September 2018 (scheduled); voting rights ratio after acquisition: 100%.」
The Company presented a plan to expand into the EdTech business as a new business in the Lifestyle Revolution area and acquire all shares of 株式会社アルク to make it a subsidiary. The acquisition cost was ¥2,600 million, and the business combination date was scheduled for 28 September 2018.