Two-Pillar Business Model: Online Business and Investment Business
First written in FY2016. 13 of 30 entries say "Advanced", first in FY2018. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「The Group consists of 18 companies in total, comprising the company and 17 consolidated subsidiaries. It operates a travel business that sells products and provides services to individuals and companies, as well as an investment business that invests in businesses and companies with growth potential and expected capital returns.」
The company maintained its 2 segments, the travel business and investment business, and now comprises 17 consolidated subsidiaries and 18 companies in total. This reflects the structure following the acquisition and integration of the Five Star Group and the divestment of existing overseas subsidiaries. - 2026-09-02AdvancedGeneral Meetings of Shareholders
「From the current consolidated fiscal year, Five Star Corporation, Five Star Corporation Tokyo and Island Cleaners Co., Ltd. have been included in the scope of consolidation because the Company newly acquired their shares.」
The acquisition and consolidation of the Five Star group were confirmed as full-year results. The subsequent absorption merger and exclusion from the scope of consolidation were also described. - FY2026-H1AdvancedAnnual report
「During the current interim consolidated accounting period, 株式会社ファイブスターコーポレーション, 株式会社ファイブスターコーポレーション東京 and アイランドクリーナーズ株式会社 became new consolidated subsidiaries.」
In the travel business, 3 companies engaged in hotel development and operations, creative services and cleaning became new consolidated subsidiaries. - FY2024AdvancedAnnual report
「The Group consists of 16 companies in total, comprising the Company and 15 consolidated subsidiaries. It is promoting a travel business that sells products and provides services to individuals and companies, and an investment business that invests in promising businesses and companies with potential for capital returns.」
The Group has maintained the 2 reportable segments, the travel business and the investment business, and now consists of 15 consolidated subsidiaries and 16 companies overall. The annual business structure reflects the inclusion of 旅工房, アヤベックス and overseas subsidiaries disclosed previously. - FY2024-Q2ReframedAnnual report
「From the second-quarter consolidated accounting period, the former “Consumer Business” was renamed the “Travel Business.” The change in the reportable segment name had no impact on segment information.」
The former “Consumer Business” was renamed the “Travel Business.” Although the company stated that the change had no impact on the amounts in segment information, the business currently centered on 旅工房, アヤベックス and other companies is presented as the Travel Business. - FY2024-Q1AdvancedAnnual report
「Based on a resolution of the Board of Directors dated 10 August 2023, the Company acquired shares in 株式会社旅工房 on 31 October 2023, making it a subsidiary. At a Board meeting held on 27 October 2023, the Company resolved to acquire all shares in アヤベックス株式会社 and make it a subsidiary, and completed the acquisition on the same date.」
While stating that there had been no material changes in the business or principal affiliated companies during the first quarter, the company made 旅工房 and アヤベックス subsidiaries as business combinations after the quarter-end. Travel-related subsidiaries were added to the structure based on the 2 reportable segments, the consumer business and the investment business. - FY2023-Q3RestatedAnnual report
「The Group has 2 reportable segments, the “Consumer Business” and the “Investment Business.” The reportable segments that underwent changes in their principal businesses or major affiliated companies during the cumulative third-quarter period are as follows. (Consumer Business) During the cumulative third-quarter period, the Group established the following subsidiaries: Adventure Korea Inc., Adventure Dhaka Limited, ADVENTURE INDIA JOURNEY PRIVATE LIMITED and Adventure Global OTA Philippines,Inc. As a result, the Group now consists of the Company and 7 consolidated subsidiaries.」
The company maintained the 2 reportable segments, the consumer business and the investment business, and reaffirmed the structure comprising the Company and 7 consolidated subsidiaries, including 4 overseas subsidiaries. - FY2023-Q2AdvancedAnnual report
「During the cumulative second-quarter period, the Group established the following subsidiaries: Adventure Korea Inc., Adventure Dhaka Limited, ADVENTURE INDIA JOURNEY PRIVATE LIMITED and Adventure Global OTA Philippines,Inc. As a result, the Group now consists of the Company and 7 consolidated subsidiaries.」
The Group established subsidiaries in Korea, Bangladesh, India and the Philippines, bringing the structure to the Company and 7 consolidated subsidiaries. The 2 reportable segments, the consumer business and the investment business, have been maintained. - FY2023-Q1RestatedAnnual report
「During the first-quarter consolidated accounting period, the Company established Adventure Korea Inc., a wholly owned subsidiary.」
While maintaining the 2 reportable segments, the consumer business and the investment business, the company reaffirmed that Adventure Korea Inc., established in the previous fiscal year, is an affiliated company of the consumer business. - FY2022AdvancedAnnual report
「The Group consists of 4 companies in total, comprising the Company and 3 consolidated subsidiaries. It is promoting a consumer business that sells products and provides services to individuals and companies, and an investment business that invests in promising businesses and companies with potential for capital returns.」
Following the transfer of コスミック流通産業株式会社 and コスミックGCシステム株式会社, the Group consists of 4 companies, comprising the Company and 3 consolidated subsidiaries. The 2 segments, the consumer business and the investment business, have been maintained. - FY2022-Q3AdvancedAnnual report
「During the third-quarter consolidated accounting period, following the execution of agreements to transfer all shares in コスミック流通産業株式会社 and コスミックGCシステム株式会社, both companies were classified as discontinued operations. The Company also established 株式会社Vacations, a subsidiary wholly owned by the Company, during the third-quarter consolidated accounting period.」
Within the consumer business, コスミック流通産業株式会社 and コスミックGCシステム株式会社 were classified as discontinued operations, while the wholly owned subsidiary 株式会社Vacations was newly established. - FY2022-Q2RestatedAnnual report
「There were no material changes in the nature of the businesses conducted by our group (the Company and its affiliates) during the cumulative second quarter under review. There were also no changes among the major affiliates.」
The company reaffirmed that there had been no material changes to its business composition, centered on the consumer and investment businesses, or to its principal affiliated companies. - FY2021AdvancedAnnual report
「The Group consists of 6 companies in total, comprising the Company and 5 consolidated subsidiaries. It is promoting a consumer business that sells products and provides services to individuals and companies, and an investment business that invests in promising businesses and companies with potential for capital returns.」
Following the transfer and reorganization of the non-travel businesses, the scope of consolidation comprises the Company and 5 consolidated subsidiaries, for a total of 6 companies. The 2 reportable segments are the consumer business and the investment business. - FY2021-Q2RestatedAnnual report
「The Group has 2 reportable segments, the “Consumer Business” and the “Investment Business.” The reportable segments that underwent changes in their principal businesses or major affiliated companies during the cumulative second-quarter period are as follows.」
The company confirmed the completion of スグヤク’s liquidation and the exclusion of wundou and ギャラリーレア from consolidation following the transfer of their shares, while reaffirming that the reportable segments are the consumer business and the investment business. - FY2021-Q1ReframedAnnual report
「During the first-quarter consolidated accounting period, distribution of the residual assets of 株式会社スグヤク, which had been undergoing liquidation at the end of the previous consolidated fiscal year, was completed. Following the transfer of all shares in 株式会社wundou and 株式会社ギャラリーレア, both companies were excluded from the scope of consolidation.」
The liquidation of スグヤク progressed through completion of the distribution of its residual assets, and the transfer of all shares in wundou and ギャラリーレア was also completed. The 2 reportable segments, the consumer business and the investment business, have been maintained, but the scope of consolidation has contracted further. - FY2020ReframedAnnual report
「At a meeting of the Board of Directors held on 12 February 2020, the Company resolved to liquidate its consolidated subsidiary 株式会社スグヤク. At a Board meeting held on 10 June 2020, it resolved to liquidate its consolidated subsidiary ビッグハートトラベルエージェンシー株式会社 and AppAge, Limited.」
Although the structure centered on the consumer and investment businesses has been maintained, the resolutions to liquidate 3 companies indicate that the former business structure is being reorganized. - FY2020-Q2RestatedAnnual report
「There have been no material changes in the businesses conducted by the Group, comprising the Company and its affiliates, during the six months ended the current second quarter.」
The company reaffirmed that there had been no material changes to its business composition centered on the consumer and investment businesses. - FY2020-Q1RestatedAnnual report
「There were no material changes to the nature of the businesses operated by the Group, comprising the Company and its affiliated companies, during the three-month period ended December 31, 2020. There were also no changes among the major affiliated companies.」
The company reaffirmed that there had been no material changes to its business composition, centered on the consumer and investment businesses, or to its principal affiliated companies. - FY2019AdvancedAnnual report
「The Group consists of 13 companies in total, comprising the Company and 12 consolidated subsidiaries. It is promoting a consumer business that sells products and provides services to individuals and companies, and an investment business that invests in promising businesses and companies with potential for capital returns.」
The Group has expanded to 12 consolidated subsidiaries and 13 companies overall, with the consumer business now covering travel, reused products, sports apparel and other businesses. - FY2019-Q3AdvancedAnnual report
「During the cumulative third-quarter period, there were no material changes in the nature of the businesses operated by the Group, comprising the Company and its affiliated companies. Following the acquisition of additional shares, ラド観光株式会社 was included as a consolidated subsidiary.」
While stating that there had been no material changes to the structure centered on the consumer and investment businesses, the company included ラド観光株式会社, which became a subsidiary in January 2019, in the scope of consolidation. - FY2019-Q2AdvancedAnnual report
「During the cumulative second-quarter period, there were no material changes in the nature of the businesses operated by the Group, comprising the Company and its affiliated companies. Following the acquisition of additional shares, 株式会社ギャラリーレア and its subsidiaries were included as consolidated subsidiaries.」
While stating that there had been no material changes to the structure centered on the consumer and investment businesses, the company added 株式会社ギャラリーレア and its subsidiaries to the scope of consolidation. - FY2019-Q1RestatedAnnual report
「There were no material changes to the nature of the businesses operated by the Group, comprising the Company and its affiliated companies, during the three-month period ended December 31, 2020. There were also no changes among the major affiliated companies.」
The company reaffirmed that there had been no material changes to its business composition, centered on the consumer and investment businesses, or to its principal affiliated companies. - FY2018AdvancedAnnual report
「The Group consists of 8 companies in total, comprising the Company and 7 consolidated subsidiaries. It is promoting a consumer business that sells products and provides services to individuals and companies, and an investment business that invests in promising businesses and companies with potential for capital returns.」
The Group now consists of 8 companies, including 7 consolidated subsidiaries and the 4 acquired companies. The former online business has been expanded and reorganized as the consumer business, covering travel, tickets, sports apparel and other businesses. - FY2018-Q3ReframedAnnual report
「During the cumulative third-quarter period, there were no material changes in the nature of the businesses operated by the Group, comprising the Company and its affiliated companies. Following the acquisition of additional shares, コスミック流通産業株式会社, コスミックGCシステム株式会社 and 株式会社wundou became consolidated subsidiaries. Accordingly, the name of the reportable segment formerly called the “Online Business” was changed to the “Consumer Business,” and the 3 newly acquired companies were included in the Consumer Business. The name change had no impact on the amounts reported.」
While stating that there had been no material changes to the businesses themselves, the company changed the reportable segment name from “Online Business” to “Consumer Business” following the acquisition of 3 companies and included the acquired companies in that segment. - FY2018-Q2RestatedAnnual report
「There were no material changes in the nature of the businesses conducted by our group (the Company and its affiliates) during the cumulative second quarter under review. There were also no changes among the major affiliates.」
The company reaffirmed that there had been no material changes to its business composition, centered on the online and investment businesses, or to its principal affiliated companies. - FY2018-Q1RestatedAnnual report
「There were no material changes to the nature of the businesses operated by the Group, comprising the Company and its affiliated companies, during the three-month period ended December 31, 2020. There were also no changes among the major affiliated companies.」
The company reaffirmed that there had been no material changes to its business composition, centered on the online and investment businesses. - FY2017-Q3RestatedAnnual report
「There have been no material changes in the businesses conducted by the Group, comprising the Company and its affiliates, during the nine months ended the current third quarter.」
The company reaffirmed that there had been no material changes to its business composition, which consisted of the online and investment businesses. - FY2017-Q2RestatedAnnual report
「There have been no material changes in the businesses conducted by the Group, comprising the Company and its affiliates, during the six months ended the current second quarter.」
The company reaffirmed that there had been no material changes to its business composition, which consisted of the online and investment businesses. - FY2017-Q1RestatedAnnual report
「There have been no material changes in the businesses conducted by the Group, comprising the Company and its affiliates, during the three months ended the current first quarter.」
The company stated that there had been no material changes to its business composition, which consisted of the online and investment businesses. - FY2016First statedAnnual report
「The Group consists of 4 companies in total, comprising the Company and 3 subsidiaries. It operates an online business that provides various travel products and lifestyle reservation services over the internet, and an investment business that invests in growth companies.」
A structural fact concerning the business composition as of 30 June 2016.