Reorganization of the growth platform through a company split creating the DMS business
First written in FY2022. 3 of 4 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「Achieving profitability in the various service businesses that were trialed as new businesses under the previous medium-term management plan, including the hospitality, DMS and global businesses」
For the group of new businesses, including the DMS business, the company advanced to the stage of targeting profitability under its new medium-term management plan while maintaining the business structure of entities including PANX. - FY2023-Q2AdvancedAnnual report
「As stated in the “Notice Regarding the Change in a Consolidated Subsidiary (Share Transfer) and Recognition of Extraordinary Gain” dated 12 August 2022, the company transferred part of its holdings in its consolidated subsidiary Pia Next Scope Co., Ltd. to Asahi Shimbun Company and Japan Asia Investment Company,Limited. In the cumulative second quarter of the current consolidated fiscal year, the company recorded ¥678 million as a gain on sale of shares of affiliates under extraordinary gains. In connection with the share transfer, the company’s name was also changed to Pia Asahi Next Scope Co., Ltd.」
The partial transfer of shares in Pia Next Scope was completed, accompanied by a change of company name and its conversion into an equity-method affiliate. The company recorded a gain on sale of shares of ¥678 million as an extraordinary gain. - FY2023-Q1AdvancedAnnual report
「At a meeting of the board of directors held on 12 August 2022, the company resolved to transfer part of its holdings in its consolidated subsidiary Pia Next Scope Co., Ltd. to Asahi Shimbun Company and Japan Asia Investment Company,Limited. As a result, Pia Next Scope Co., Ltd. became an equity-method affiliate of the company.」
The company resolved a plan to transfer 43% of Pia Next Scope, which operates the DMS business, to Asahi Shimbun Company and 13% to Japan Asia Investment Company,Limited, changing Pia’s ownership ratio from 100% to 44%. Following establishment of the new company, the business restructuring progressed to the formation of an equity-method affiliate involving capital participation by external companies. - FY2022First statedAnnual report
「The company conducted a company split to establish the digital media and data marketing services business and established Pia Next Scope Co., Ltd., which succeeded to that business.」
To grow and expand the DMS business, including the new Pia app, the company established Pia Next Scope Co., Ltd. dated 25 March 2022 and created a new structure for pursuing agile and flexible business strategies.