Strengthening the Cloud Systems Development Structure through the Acquisition of Cuon
First written in FY2019. 3 of 4 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2022-Q3.
The whole theme swung hardest in 2026: 2 of 17 companies on the "Worse" side.
22 other companies' latest entry also says "Advanced".
- FY2022-Q3AdvancedAnnual report
「Our subsidiary Cuon Co., Ltd. (head office: Chuo-ku, Tokyo) entered into Japan’s first partnership agreement with AppDirect, Inc. (head office: San Francisco, USA) in September 2021. Cuon will actively propose and build e-commerce systems incorporating AppDirect, one of its focus businesses since its founding, and contribute to the success of customers’ subscription businesses.」
Cuon entered into Japan’s first partnership agreement with AppDirect and expanded its efforts to proposing and building e-commerce systems incorporating AppDirect. - FY2020-Q2AdvancedAnnual report
「The business combination with Cuon conducted by our consolidated subsidiary on 16 May 2019 was accounted for provisionally during the first quarter of the current fiscal year, but the accounting treatment was finalised during the second quarter. No material adjustments were made to the initial allocation of the acquisition cost.」
The provisional accounting treatment for the business combination with Cuon was finalised during the second quarter. No material adjustments were made to the initial allocation of the acquisition cost. - FY2020-Q1AdvancedAnnual report
「On 16 May 2019, we acquired all shares of Cuon Co., Ltd. and made it a subsidiary. Cuon Co., Ltd. (Cuon; hereinafter, “Cuon”) has, since its founding in 2010, delivered high-quality systems within short lead times by leveraging its development track record with Ruby on Rails and its proprietary framework. It also provides consulting services relating to the implementation of Salesforce.com products and services and their integration with existing systems, and has experience developing more than 100 projects.」
The acquisition of all shares of Cuon and its conversion into a subsidiary was disclosed again, specifying the objective of incorporating its development capabilities in Ruby on Rails and other technologies, its Salesforce-related consulting capabilities and experience in more than 100 projects. The acquisition cost was ¥300 million and goodwill was ¥186.971 million. - FY2019First statedAnnual report
「At a meeting of the Board of Directors held on 15 May 2019, we resolved to acquire all shares of Cuon Co., Ltd. and make it a subsidiary. We entered into a share transfer agreement on 16 May 2019 and acquired all shares on the same day.」
We acquired 100% of Cuon’s voting rights and made it a subsidiary. We have stated a policy of strengthening our cloud system development capabilities by incorporating its development expertise using Ruby on Rails and its proprietary framework, as well as experience in more than 100 projects.