Expansion of M&A-focused financial advisory services through the establishment of JOIB Co., Ltd.
First written in FY2021-Q3. 4 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022AdvancedAnnual report
「In addition, following the smooth start of JOIB, the investment banking consolidated subsidiary, engagements for large-scale PA and FA projects of ¥50 million or more relating to control contests and other matters increased substantially, including the pipeline.」
JOIB's full-scale launch led to an increase in large-scale PA and FA projects and the pipeline, including projects involving contests for corporate control. - FY2022-Q3AdvancedAnnual report
「Notably, as listed Japanese companies increasingly recognize the arrival of an era of major restructuring, strategic buyers (operating companies) are taking more concrete action on acquisitions. Contracts for large-scale PA and FA projects, an area in which our group has an outstanding track record, including TOBs and proxy contests at shareholder meetings associated with the emergency adoption of takeover defenses, are expanding extremely steadily, including the current pipeline, supported by the full-scale launch of the group's investment-banking subsidiary, JOIB.」
Supported by JOIB's full-scale launch, contracts for large-scale PA and FA projects involving TOBs, takeover defenses and proxy contests, as well as the current pipeline, expanded extremely steadily. - FY2022-Q2AdvancedAnnual report
「Notably, as listed Japanese companies increasingly recognize the arrival of an era of major restructuring, strategic buyers (operating companies) are taking more concrete action on acquisitions. Contracts for large-scale PA and FA projects, an area in which our group has an outstanding track record, including TOBs and proxy contests at shareholder meetings associated with the emergency adoption of takeover defenses, are expanding extremely steadily, including the current pipeline, supported by the full-scale launch of the group's investment-banking subsidiary, JOIB.」
JOIB's full-scale launch is supporting contracts for large-scale PA and FA projects, including TOBs, takeover defenses and proxy contests, as well as expansion of the current pipeline. - FY2022-Q1Lower profit margins due to upfront investment in JOIB, with improvement expectedAnnual report
「Although the year ended without achieving substantial revenue growth, partly because the execution of certain large projects, including TOB-related projects and asset sales, contracted in the previous fiscal year was delayed, engagements for major contracts have progressed extremely smoothly. We believe that the profit margins temporarily reduced by upfront investment in JOIB, a Group company of key importance as we make a full-scale entry into the investment banking business, will steadily improve.」
The company describes JOIB as a key group company for its full-scale entry into investment banking, explaining that margins temporarily declined due to upfront investment but are expected to improve going forward. - FY2021AdvancedAnnual report
「JOIB was established in February 2021 with a view to the emergence of a mega-scale M&A market created by an era of major corporate realignment in Japan and to achieve a dramatic future expansion of IR Japan’s investment banking business. As a uniquely capable investment bank born in Japan that respects Japanese corporate culture and corporate and shareholder value, it is establishing a structure to provide specialized FA services focused primarily on M&A involving contests for control, corporate reorganizations and business reorganizations, as well as acquisition, integration and sale advisory services, MBO advisory services (non-sponsored and sponsored) and LBO advisory services, to companies ranging from large-cap to mid- and small-cap.」
JOIB has been established as a consolidated subsidiary, and the scope of its FA services and target companies has been defined to include contests for control, corporate and business reorganizations, acquisitions, integrations, sales, MBOs and LBOs. - FY2021-Q3First statedAnnual report
「With a view to the emergence of a mega-scale M&A market created by an era of major corporate realignment in Japan, and to achieve a dramatic future expansion of our Group’s investment banking business, we established JOIB, Inc. (English name: Japan Originated Investment Bank, Inc.) as a wholly owned subsidiary. As a uniquely capable investment bank born in Japan that respects Japanese corporate culture and corporate and shareholder value, JOIB, Inc. will dramatically expand its specialized FA services focused on M&A involving contests for control, corporate reorganizations and business reorganizations, covering the market from large-cap to mid- and small-cap companies.」
Established as a wholly owned subsidiary on 4 February 2021, with capital of ¥100 million. It is positioned as a new organization that will expand specialized FA services focused on M&A involving contests for control, corporate reorganizations and business reorganizations, from large-cap to mid- and small-cap companies.