Capability-focused M&A centered on APAC and the Middle East
First written in FY2022. 2 of 5 entries say "Reframed", first in FY2024. Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1ReframedAnnual report
「Beginning with the current interim consolidated accounting period, our Group changed the presentation categories for revenue by region. Because of the substantial downsizing of the business in EMEA, management of that region has been consolidated at headquarters, and matters relating to EMEA projects are in practice being handled in Japan. Accordingly, revenue previously classified as “EMEA” is now included in “APAC.”」
Following the substantial downsizing of EMEA and the consolidation of its management at headquarters, revenue presentation was changed to include EMEA in APAC. EMEA’s previous positioning as an independent growth region receded further. - FY2024ReframedAnnual report
「In connection with this third-party allotment and the reorganization of the Group, we will withdraw from or scale back operations in Europe and our Middle Eastern subsidiaries, which are unprofitable bases, and focus on highly profitable and high-growth businesses, including APAC, historically a core earnings driver, and AMER, where profitability has improved significantly as cost reductions have taken effect. We aim to reduce management risk and transition to management that balances sound profit generation and growth.」
The regional strategy shifted toward maintaining APAC as a core earnings driver, withdrawing from or scaling back unprofitable European and Middle Eastern operations, and focusing on highly profitable, high-growth businesses including AMER. The positioning of APAC and the Middle East as M&A-led growth regions receded. - FY2023RestatedAnnual report
「Under our global strategy, we position APAC and the Middle East as regions that are sources of growth.」
The policy of treating APAC and the Middle East as sources of growth and strengthening capabilities through M&A in addition to organic hiring was reiterated. - FY2023-Q1AdvancedAnnual report
「This was because the expansion of services that operate four service lines—strategy, design, development and data analytics—in an agile manner as a result of the M&A conducted in the previous fiscal year contributed to client acquisition.」
The previous fiscal year’s M&A expanded multiple service lines in EMEA and contributed to client acquisition and 77.7% revenue growth. - FY2022First statedAnnual report
「Under our global strategy, we position APAC and the Middle East as regions that are sources of growth.」
APAC and the Middle East were positioned as sources of growth, with capabilities in data and core systems to be strengthened through M&A in addition to organic hiring.