Reorganization of Reportable Segments into the Domestic IT Business and Overseas IT Business
First written in FY2024-Q1. 1 of 2 entries say "Achieved", first in FY2024-H1. Latest entry: FY2024-H1.
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- FY2024-H1AchievedAnnual report
「The Group had previously reported the information systems business and cross-border e-commerce business as two segments. From the interim period, after reviewing the appropriate segmentation in light of future business development, it decided to change the reportable segments to domestic IT business, which provides IT services in Japan, and overseas IT business, which provides IT services mainly in China and Hong Kong. The change reflected the policy of strengthening overseas operations by acquiring an information systems business for financial institutions in China and the absorption of 24ABC株式会社, which operated the cross-border e-commerce business, by the Company on 30 June 2024.」
The reorganization disclosed in the previous quarter was implemented from the interim period, and the absorption of 24ABC株式会社 was completed. Comparative information was prepared on a domestic IT and overseas IT basis. - FY2024-Q1First statedAnnual report
「The Group had previously reported the information systems business and cross-border e-commerce business as two segments. After reviewing the appropriate segmentation in light of future business development, it decided to change the reportable segments to domestic IT business, which provides IT services in Japan, and overseas IT business, which provides IT services mainly in China and Hong Kong, from the first quarter. The change reflects the policy of strengthening overseas operations by acquiring an information systems business for financial institutions in China and the planned absorption of 24ABC株式会社, which operates the cross-border e-commerce business, by the Company on 30 June 2024 because of deteriorating business conditions.」
The previous information systems and cross-border e-commerce segments were reorganized into domestic IT and overseas IT. The stated reasons were strengthening overseas activity through the acquisition of a Chinese financial IT business and deteriorating cross-border e-commerce conditions together with the planned absorption of 24ABC株式会社.