Integration of development capabilities and the AI robotics business through the acquisition of Robo Applications
First written in FY2023-Q3. 2 of 5 entries say "Reframed", first in 2026-08-14. Latest entry: 2026-08-14.
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- FY2024-H1WorsenedAnnual report
「Regarding goodwill recognized when the Company acquired Robo Applications in September 2023, a business reorganization at a major customer led to a review of contractual terms in June 2024. Because order prices from July 2024 onward are expected to decline substantially and Robo Applications’ performance is expected to fall below the original business plan, the carrying amount was reduced to the recoverable amount and the ¥175,043 thousand reduction was recorded as an impairment loss under extraordinary losses.」
A major customer’s business reorganization and revised contractual terms were expected to materially reduce order prices from July 2024, causing performance to fall below plan. An impairment loss of ¥175,043 thousand was recorded on goodwill related to Robo Applications. - FY2023AdvancedAnnual report
「By integrating the Group’s XR business with Robo Applications’ drone and AI-robot business, we expect to develop new business opportunities and enhance value for customers. The objective is to accelerate growth in the XR business and enhance corporate value.」
Following completion of the 100% acquisition of Robo Applications, consolidation began with the objective of integrating the XR, drone and AI-robot businesses, developing new opportunities and accelerating growth. - FY2023-Q3First statedAnnual report
「At a board meeting held on 26 September 2023, the Company resolved to acquire 100% of the issued shares of Robo Applications Co., Ltd., which provides software production mainly for smartphone devices as well as support for server and API production, and entered into a share-transfer agreement on the same date. The acquisition was completed on 29 September 2023. Through this transaction, the Company aims to accelerate growth in its XR business and enhance corporate value.」
The Company acquired 100% of Robo Applications’ issued shares on 29 September 2023. It sought to incorporate development capabilities in smartphone software, server and API support, direct relationships with major customers, and AI and robotics technologies and personnel, integrating the XR business with the drone and AI-robot business. The purchase price was ¥200,000 thousand, with earn-out consideration of ¥50,000 thousand each based on performance in fiscal 2024 and fiscal 2025.