Acquisition of a Japanese domestic e-commerce platform through the acquisition of 株式会社エムアンドディ
First written in FY2024-Q1. 4 of 7 entries say "Advanced", first in FY2024. Latest entry: FY2026.
2 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Regarding the goodwill recorded in connection with the acquisition of shares in 株式会社エムアンドディ, the company’s performance remained below the business plan initially expected and its profitability declined. As a result of assessing whether an impairment loss should be recognised for the larger cash-generating unit including the goodwill, the total undiscounted future cash flows fell below the carrying amount. Accordingly, the entire carrying amount of the goodwill was recognised as an impairment loss and recorded as an extraordinary loss.」
While measures to develop 株式会社エムアンドディ’s own brands and establish a domestic e-commerce platform are progressing, its performance fell below the initial plan, and an impairment loss of ¥53.237 million, including goodwill related to the company, was recorded. - FY2026-H1AdvancedAnnual report
「In addition, the consolidated subsidiary 株式会社エムアンドディ launched its first proprietary brand, "BELLE BAI."」
Regarding the acquired エムアンドディ, the Company documents the specific progress of launching its first proprietary brand, BELLE BAI. - FY2025AdvancedAnnual report
「Going forward, エムアンドディ will launch its first proprietary brand, "BELLE BAI." エムアンドディ is a cosmetics import and sales company, but it plans to shift its business model toward the planning and development of proprietary-brand products and strengthen sales through its existing channels, thereby pursuing group synergies and improving profit margins.」
Regarding the acquired エムアンドディ, the Company states its plan to launch its first proprietary brand, BELLE BAI, and its policy of shifting from a business centered on cosmetics imports and sales to the planning, development and sale of proprietary-brand products. - FY2025-H1AdvancedAnnual report
「Japan Sales E-commerce (Amazon, Yahoo, Rakuten, in-house e-commerce) ¥56.636 million ¥1,295.408 million」
Following the acquisition of エムアンドディ, Japan e-commerce sales increased from ¥56.636 million in the same period of the previous year to ¥1,295.408 million, reflecting the acquisition of a domestic e-commerce platform in the sales results. - FY2024AdvancedAnnual report
「Japan Sales E-commerce (Amazon, Yahoo, Rakuten, in-house e-commerce) ¥782.719 million 907.7」
Following the acquisition of エムアンドディ, Japan e-commerce sales increased from ¥86.232 million in the previous fiscal year to ¥782.719 million, or 907.7% year on year. The acquisition of a domestic e-commerce platform is reflected in the sales results. - FY2024-Q2AchievedAnnual report
「At a meeting of the Board of Directors held on 29 November 2023, the Company resolved to acquire all shares of 株式会社エムアンドディ, entered into a share purchase agreement dated 5 December 2023, and acquired all shares of the company as of 1 February 2024.」
For 株式会社エムアンドディ, the process advanced from the resolution and agreement to acquire all shares to completion of the acquisition as of 1 February 2024. The percentage of voting rights acquired was 100%. - FY2024-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 29 November 2023, the Company resolved to acquire all shares of 株式会社エムアンドディ and entered into a share purchase agreement dated 5 December 2023. The business combination date was scheduled for 1 February 2024, and the voting rights to be acquired represented 100%. The business combination would provide a platform for domestic e-commerce sales in Japan, with the aim of expanding consolidated sales in Japan and bringing the business portfolio, approximately 90% of which was concentrated in China, closer to the intended direction of reducing business risk and improving the sales portfolio.」
The Company resolved to acquire all shares of 株式会社エムアンドディ and entered into an agreement, with completion of the acquisition scheduled for 1 February 2024. The stated objectives were to acquire a domestic e-commerce platform in Japan and expand domestic sales.