Entry into the International SMS Market Through Acquisition of a 67% Stake in Xoxzo
First written in FY2021-Q3. 2 of 5 entries say "Restated". Latest entry: FY2024.
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- FY2024DroppedAnnual report
「Sale of all shares of the consolidated subsidiary Xoxzo」
On 25 December 2024, the company sold all shares of Xoxzo and ended its business expansion in the international-network SMS market through the company. - FY2023AdvancedAnnual report
「On 12 January 2024, the company additionally acquired 33% of the issued shares of Xoxzo, making it a wholly owned subsidiary.」
In addition to the 67% acquired in October 2021, the company acquired the remaining 33% on 12 January 2024, making Xoxzo a wholly owned subsidiary. - FY2022-Q3RestatedAnnual report
「In the previous fiscal year, the company made Xoxzo, which provides SMS delivery services primarily over international networks, a subsidiary, enabling it to address customer requests that had previously been unavailable, such as immediate use and sending the sender ID in alphabetic characters.」
The company continues to disclose its ability to address customer needs relating to international-network SMS through the acquisition of Xoxzo. - FY2022-Q1RestatedAnnual report
「During the previous consolidated fiscal year, the company also made Xoxzo, which provides SMS delivery services focused primarily on international networks, a subsidiary. It is working to expand its customer base and reach new customer segments in the sizable international-network SMS delivery market, thereby increasing the group's share of the overall SMS delivery market.」
The company continues its efforts to expand its customer base and reach new customer segments in the international-network SMS market, based on the acquisition of Xoxzo as a subsidiary. - FY2021-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 16 September 2021, the company resolved to acquire 67% of the shares of Xoxzo and make it a subsidiary, entered into a share transfer agreement on the same date, and completed the acquisition of 67% of the shares on 7 October 2021.」
The company completed the acquisition of 67% of Xoxzo, an SMS delivery operator focused on international networks, on 7 October 2021. It aims to address diverse customer needs, expand its customer base and increase its market share in the international-network SMS market.