Rationalization of overlapping businesses through the sale of シグナル
First written in FY2024-Q2. 1 of 2 entries say "Achieved", first in FY2024-Q3. Latest entry: FY2024-Q3.
- FY2024-Q3AchievedAnnual report
「At a meeting of the Board of Directors held on 24 July 2023, the Company resolved to transfer all shares in 株式会社シグナル, a consolidated wholly owned subsidiary, entered into a share transfer agreement on the same date, and executed the share transfer on 2 October 2023.」
The transfer of all shares in シグナル was executed on 2 October 2023, and the company was removed from the scope of consolidation. The streamlining undertaken because of overlapping business areas was completed, and a gain of ¥1,700 million on the sale of shares in an affiliated company was recorded. - FY2024-Q2First statedAnnual report
「However, as SNS-based methods of promoting products became mainstream against the backdrop of society's digitalisation, the Company established systems at each subsidiary capable of providing SNS marketing and related services. This resulted in overlapping business areas within the Group, and as part of its business review, the Company decided to transfer its shares in シグナル.」
The Company established systems at each subsidiary capable of providing SNS marketing and related services and stated its policy of transferring all shares in シグナル to Accenture because of overlapping business areas. The transfer was completed on 2 October 2023, and the Company planned to record a gain of approximately ¥1.7 billion on the sale of shares in an affiliated company in the third quarter of the fiscal year ending February 2024.