Vector (6058) · InitiativeReframed
Accelerating the Media Business Through the Acquisition of JION as a Subsidiary
First written in FY2018-Q3. 1 of 3 entries say "Achieved", first in FY2018. Latest entry: FY2019.
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Integration and Reorganisation of the Media Business through the Creation of JION as a SubsidiaryA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2019ReframedAnnual report
「OPENERS absorbed Laugh Tech and JION, which were also consolidated subsidiaries, in a merger dated 20 July 2018, and changed its corporate name to Smart Media.」
Following JION's conversion into a wholly owned subsidiary, the initial subsidiary acquisition initiative shifted to the integration and restructuring of the media business through its absorption-type merger into OPENERS and the change of its corporate name to SmartMedia. - FY2018AchievedAnnual report
「Corporate combination date: 9 January 2018. Voting rights ratio acquired: 100%.」
The acquisition making JION a wholly owned subsidiary was confirmed as a business combination, completing the acquisition aimed at accelerating growth in the media business. - FY2018-Q3First statedAnnual report
「The objective was to achieve accelerated growth in the group's media business. The acquisition of the company's shares was completed on 9 January 2018. Ownership interest after acquisition: 100.0%.」
The company acquired all shares of JION, which operates an owned-media website, and made it a wholly owned subsidiary on 9 January 2018. The acquisition price was ¥150 million, financed with internal funds.