Komori
Creek & River (4763) · InitiativeDropped

Strengthening IT, VR and AI development capabilities through the acquisition of Grune as a subsidiary

First written in FY2021-Q1. 2 of 6 entries say "Restated". Latest entry: FY2023-Q3.

6entries
4years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2021-Q1AchievedFY2021 – FY2022-Q1RestatedFY2022-Q2 – FY2023-Q32020: 120202021: 320212022: 120222023: 1
Same theme, other companies

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2023-Q3DroppedAnnual report

    「From the third-quarter consolidated accounting period, the Company included the newly established 株式会社C&Rインキュベーション・ラボ in the scope of consolidation. It also excluded 株式会社Grune from the scope of consolidation because it transferred all of Grune’s shares.」

    The Company transferred all of Grune’s shares and excluded it from the scope of consolidation as of 28 October 2022. Its efforts to expand the IT, AI and web businesses through the acquisition of Grune as a subsidiary have ended.
  2. FY2022RestatedAnnual report

    「Consolidated subsidiary 株式会社Grune provides IT consulting and builds web applications and AI systems. Against the backdrop of its strong technical capabilities, it is using the Company’s customer base to expand its business scale.」

    Grune has continued to expand its business scale by leveraging its IT consulting, web and AI system development capabilities and the Company’s customer base.
  3. FY2022-Q2RestatedAnnual report

    「株式会社Grune, which became a subsidiary in July 2020, provides IT consulting and builds web applications and AI systems. Against the backdrop of its strong technical capabilities, it is using the Company’s customer base to expand its business scale. As its significance increased, the Company included it in the scope of consolidation from the current consolidated fiscal year.」

    Grune has continued to expand its business scale by leveraging its IT consulting, web and AI system development capabilities and the Company’s customer base.
  4. FY2022-Q1AdvancedAnnual report

    「As its significance increased, the Company included Grune in the scope of consolidation from the first-quarter consolidated accounting period.」

    Grune became subject to consolidation from the first quarter, having previously been a non-consolidated subsidiary, because its significance increased.
  5. FY2021AchievedAnnual report

    「In the same month of the same year, the Company acquired shares of 株式会社Grune, which operates a system development and IT consulting business, among others, and made it a non-consolidated subsidiary.」

    Following the previous resolution to make it a subsidiary, the Company acquired shares of Grune in July 2020 and made it a non-consolidated subsidiary.
  6. FY2021-Q1First statedAnnual report

    「At a meeting of the Board of Directors held on 29 June 2020, the Company resolved to acquire the shares of 株式会社Grune (head office: Minamisoma, Fukushima Prefecture; representative director: Toshiyoshi Yamashita) and make it a subsidiary.」

    On 10 July 2020, the Company acquired shares of Grune and completed the business combination, making it a subsidiary with a 75% voting rights ratio. The Company aims to expand its business scale and earnings by combining Grune’s technical capabilities in IT consulting, web and smartphone applications, AI, 3D, VR and AR development, and web advertising operations with its architecture and web businesses and customer base.
Moved together

"Expanding talent, production and video streaming in the video and television businesses" moved the same way as this thread, in the same document, in 2 of its 6 moves.

2222★1234
  1. ★This thread
  2. 1Expanding talent, production and video streaming in the video and television businesses2×
  3. 2Creative Sector (Japan): Higher Revenue, Lower Profit2×
  4. 3Diversification of medical services centered on physician placement2×
  5. 4Factor behind the decline in sales in the following fiscal year due to the separation of the Korean TV business2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Creek & River yet.
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Strengthening IT, VR and AI development capabilities through the acquisition of Grune as a subsidiary | CREEK & RIVER Co.,Ltd. (4763) | Komori