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freee K.K. (4478) · InitiativeRestated

Cash Consideration Share Exchange for Mikatus Co., Ltd.

First written in FY2022-Q3. 2 of 4 entries say "Restated". Latest entry: FY2023-Q3.

4entries
2years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2022-Q3AdvancedFY2023-Q1RestatedFY2023-Q2 – FY2023-Q32022: 220222023: 22023
Same theme, other companies
Cash Consideration Share Exchange for Mikatus Co., Ltd.A theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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Full recordFilings, disclosures and news, newest first
  1. FY2023-Q3RestatedAnnual report

    「Mikatus株式会社, formerly a consolidated subsidiary of the Company, was absorbed and merged into the Company during the first quarter of the current fiscal year, with the Company as the surviving company, and has therefore been excluded from the scope of consolidation.」

    The Company continues to confirm that Mikatus remains excluded from the scope of consolidation following the absorption-type merger.
  2. FY2023-Q2RestatedAnnual report

    「Mikatus株式会社, formerly a consolidated subsidiary of the Company, was absorbed and merged into the Company during the first quarter of the current fiscal year, with the Company as the surviving company, and has therefore been excluded from the scope of consolidation.」

    For Mikatus, the Company confirms that it was excluded from the scope of consolidation following the absorption-type merger during the first quarter of the current fiscal year.
  3. FY2023-Q1AdvancedAnnual report

    「At a meeting of the Board of Directors held on 24 August 2022, the Company resolved to absorb and merge its wholly owned subsidiary Mikatus株式会社. The business combination date was 30 September 2022, and the Company conducted an absorption-type merger with the Company as the surviving company and Mikatus株式会社 as the absorbed company.」

    For Mikatus, acquired through a cash consideration share exchange, the Company conducted an absorption-type merger on 30 September 2022 and has moved to the stage of integration within the Group.
  4. FY2022-Q3First statedAnnual report

    「At a meeting of the Board of Directors held on 9 May 2022, the Company resolved to conduct a cash consideration share exchange under which the Company would become the wholly owning parent company and Mikatus株式会社 (hereinafter, “Mikatus”) would become the wholly owned subsidiary, and entered into an agreement with Mikatus and Mikatus's management shareholders and others regarding execution of the transaction.」

    For Mikatus, which provides cloud services for tax accountants and small and medium-sized businesses, the Company decided to conduct a cash consideration share exchange with 30 June 2022 as the effective date. The total consideration was expected to be ¥2,075,247,945. The Company aims to expand its market share among accounting firms and deepen service penetration among small businesses by incorporating the expertise and customer base of A-SaaS, which is used by more than 1,000 accounting firms nationwide.
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Cash Consideration Share Exchange for Mikatus Co., Ltd. | freee K.K. (4478) | Komori