Expansion in the Vietnamese Market and Solutions Business through Making NGSC a Subsidiary
First written in FY2025-H1. 2 of 5 entries say "Advanced", first in FY2026-H1. Latest entry: 2026-08-14.
No other company in this theme has enough history to compare yet.
- FY2026-H1AdvancedAnnual report
「The results of NGS Consulting Joint Stock Company from the acquisition date included in the condensed interim consolidated statement of profit or loss are as follows: revenue 1,462,742; interim profit 163,317」
Following the acquisition of 40% of NGSC and its formation as a consolidated subsidiary through effective control, the company recorded revenue of ¥1,462,742 thousand and interim profit of ¥163,317 thousand in the current interim consolidated accounting period. - FY2025AchievedAnnual report
「On 1 October 2025, the company acquired 40% of NGSC’s issued shares. In addition, under an agreement with NGSC’s other shareholders, the company obtained the right to nominate NGSC directors and agreed on matters including operating NGSC in accordance with the company’s intentions. Based on these conditions, NGSC became a consolidated subsidiary under the effective-control criterion.」
The planned acquisition of 40% of NGSC and its formation as a consolidated subsidiary through effective control, including rights to nominate directors, were completed on 1 October 2025. - FY2025-H1First statedAnnual report
「NGSC, whose shares the company plans to acquire, is a subsidiary of NGS Telecommunication and Equipment Joint Stock Company. It has an extensive consulting track record, providing development and implementation support using a broad range of solutions, including ERP, cloud and CRM, as well as training and operational support, to major Vietnamese customers in various industries, including VietinBank and Vietnam Airlines. Since its establishment in 2018, it has continued to expand its business based on consulting for the implementation of systems that meet customer needs, and has now built an organisation of approximately 500 people. Based on these conditions, the company expects NGSC to become a consolidated subsidiary under the effective-control criterion. It plans to acquire 40% of NGSC’s issued shares in July 2025 (予定), for consideration of VND 32 billion (approximately ¥190 million).」
The company expects to make NGSC a consolidated subsidiary based on effective control through the planned acquisition of 40% of its shares in July 2025 and rights to nominate directors, among other arrangements. NGSC has approximately 500 employees and, according to the company, has provided support to major Vietnamese companies in more than 150 projects and has a track record of providing solutions including ERP, cloud and CRM.