Expansion into Overseas Study-Abroad Services Through the Acquisition of 株式会社リアブロード
First written in FY2018-Q2. 1 of 3 entries say "Achieved", first in FY2018-Q2. Latest entry: FY2020.
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- FY2020DroppedAnnual report
「The Company sold all shares of リアブロード to the company's representative director on 31 August 2020.」
The Company sold all shares of リアブロード, the overseas study-abroad service operator acquired through the acquisition, and classified the business as a discontinued operation. - FY2020-Q3Deterioration in the performance of the overseas study-abroad business due to the impact of the infectious diseaseAnnual report
「株式会社リアブロード (hereinafter, リアブロード), which operates the overseas study-abroad service website that is the principal business area of the investment business, was heavily affected by COVID-19. As a result, revenue was ¥654.633 million, down 12.7% year on year from ¥750.122 million, and operating loss was ¥127.487 million, compared with an operating loss of ¥264.226 million in the same period of the previous year.」
The overseas study-abroad service operated after the acquisition was heavily affected by COVID-19, resulting in lower revenue. Operating loss, however, narrowed from the same period of the previous year. - FY2018-Q2AchievedAnnual report
「The overseas study-abroad service website 'スマ留', operated by 株式会社リアブロード, arranges language schools for people wishing to study abroad. By using vacancies and available time slots at language schools, 'スマ留' can offer overseas study-abroad programs at nearly half the price charged by major providers. As it is an overseas study-abroad service website that uses the sharing economy, the Company believed it could expand revenue by leveraging the customer acquisition capabilities developed through its existing web business, and therefore carried out this business combination to further enhance corporate value.」
The Company acquired all shares on 7 February 2018 for consideration of ¥130.000 million. The acquisition to expand revenue from the overseas study-abroad service 'スマ留' by using the customer acquisition capabilities of the existing web business was completed.