Improving service efficiency in testing and verification through the acquisition of FunClock as a wholly owned subsidiary
First written in FY2024. 2 of 4 entries say "Advanced", first in FY2025-H1. Latest entry: FY2025.
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- FY2025AdvancedAnnual report
「The results of 株式会社FunClock from its acquisition date included in the consolidated income statement are as follows.」
For the fiscal year ended February 2025 following FunClock’s acquisition as a wholly owned subsidiary, the Company recorded revenue of ¥1,256.555 million and profit for the year of ¥112.116 million. - FY2025-H1AdvancedAnnual report
「The results of FunClock from its acquisition date included in the condensed interim consolidated income statement are as follows.」
During the interim consolidated accounting period following FunClock’s acquisition as a wholly owned subsidiary, the Company recorded revenue of ¥602.763 million and interim profit of ¥69.900 million. The contribution to consolidated results after the acquisition was disclosed as an actual result. - FY2025-Q1AchievedAnnual report
「In March 2024, the Company acquired all shares issued by 株式会社FunClock and made it a consolidated subsidiary.」
The Company completed the acquisition of FunClock as a wholly owned subsidiary, with a 100.0% voting rights ratio, through a cash share acquisition on 7 March 2024 and a share exchange. In the first quarter, FunClock contributed revenue of ¥296.077 million and quarterly profit of ¥42.340 million. - FY2024First statedAnnual report
「Currently, the Company’s specialized and highly specialized personnel handle operations from planning and proposals through to the implementation phase. The Company decided to make FunClock a wholly owned subsidiary with the aim of improving service efficiency by applying FunClock’s knowledge and resources to testing and verification in IT infrastructure.」
Through the acquisition of shares for cash on 7 March 2024 and a share exchange on 28 March 2024, the Company made FunClock a wholly owned subsidiary. The voting rights ratio was brought to 100%, comprising 55% cash consideration and 45% share exchange consideration. The stated purpose was to apply knowledge and resources in testing and verification to IT infrastructure services.