Stepping up investment, including M&A, to achieve long-term profit growth
First written in FY2016. 10 of 19 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-05-15.
The whole theme swung hardest in 2025: 3 of 37 companies on the "Worse" side.
8 other companies' latest entry also says "Reframed".
- FY2025RestatedAnnual report
「To achieve long-term earnings growth and maximize corporate and shareholder value, the Group will execute growth investments, including investment in new businesses, research and development, and M&A, flexibly and proactively.」
The company reaffirmed its policy of pursuing investment in new businesses, research and development, and M&A flexibly and proactively as means of achieving long-term earnings growth. - FY2023-Q1AdvancedAnnual report
「During the first quarter, in connection with the transfer of part of the shares under the agreement relating to the going-private transaction for equity-method affiliate 51job, Inc. (“51job”), and the receipt of convertible bonds and cash as consideration, the company reduced its equity-method investment by ¥68,984 million.」
In connection with the going-private transaction for 51job, the company proceeded to the stage of transferring part of its shares and receiving convertible bonds and cash. - FY2022AdvancedAnnual report
「The transaction was approved at 51job's extraordinary general meeting of shareholders on 27 April 2022 and completed on 10 May 2022.」
Regarding the going-private transaction for 51job, the company disclosed shareholder approval and completion of the transaction on 10 May 2022, although these occurred after the end of FY2022. The post-completion ownership interest was expected to be approximately 39.9% based on total shares outstanding and approximately 45.4% on a fully diluted basis. - FY2022-Q1AdvancedAnnual report
「At its board meeting on 21 June 2021, the company resolved to enter into an agreement relating to the going-private transaction for 51job, Inc. (headquartered in Shanghai, China; NASDAQ:JOBS; “51job”), an equity-method affiliate in which the company holds an approximately 34.8% interest, including American depositary receipts, and signed the agreement on the same day.」
As a specific growth investment and M&A transaction, the company signed an agreement relating to the going-private transaction for equity-method affiliate 51job. Following completion, the ownership interest was expected to be approximately 37.0% based on total shares outstanding and approximately 42.7% on a fully diluted basis. - FY2021RestatedAnnual report
「To achieve long-term earnings growth, the Group will execute growth investments, including investment in new businesses, development expenses and M&A, flexibly and proactively.」
The company reaffirmed its policy of continuing growth investments, including M&A, investment in new businesses and development expenses, to achieve long-term earnings growth. - FY2020-Q3RestatedAnnual report
「To achieve long-term earnings growth, the Group will execute a range of growth investments, including M&A, flexibly and proactively.」
The company reaffirmed its policy of continuing growth investments, including M&A, to achieve long-term earnings growth. - FY2020-Q2RestatedAnnual report
「To achieve long-term earnings growth, we will execute a range of growth investments, including M&A, flexibly and proactively.」
The company reaffirmed its policy of continuing growth investments, including M&A, to achieve long-term earnings growth. - FY2020-Q1AdvancedAnnual report
「During the first quarter, the company also made Syft Online Limited a subsidiary. The company operates a recruitment platform for flexible-work jobs in the services, events and manufacturing sectors, among others, in the UK.」
As a growth investment through M&A, the company made UK recruitment platform operator Syft Online Limited a subsidiary during the first quarter. - FY2019RestatedAnnual report
「Acquisition of external resources, including through M&A and asset acquisitions, and capital expenditure in each business segment」
The company reaffirmed its policy of continuing to acquire external resources and invest, including through M&A, to achieve long-term earnings growth. The ¥143.0 billion consideration for the acquisition of Glassdoor was also listed as a use of funds. - FY2019-Q3RestatedAnnual report
「The company has adopted a strategy of actively expanding its HR technology business over the medium term in the US and global markets through the expansion of Indeed's existing business and M&A.」
The company reaffirmed its strategy of expanding the HR technology business through the expansion of Indeed's existing business and M&A as the rationale for acquiring Glassdoor. - FY2019-Q2AdvancedAnnual report
「This was mainly attributable to increased use of paid job advertising by new and existing clients, as well as the contribution from Glassdoor's results following completion of its acquisition as a subsidiary during the first quarter.」
The company stated that, following completion of the Glassdoor acquisition, the company's results contributed to revenue growth in the HR technology business during the second quarter. - FY2019-Q1AdvancedAnnual report
「The company decided to acquire all outstanding shares of Glassdoor, Inc., a US-based unlisted company that operates one of the world's largest and fastest-growing job sites by number of company reviews and other metrics, through a special-purpose acquisition subsidiary to be established by the company. After signing the definitive agreement on 9 May 2018, the company paid ¥143.0 billion on 21 June 2018 and completed the share acquisition.」
As a growth investment through M&A, the company completed the acquisition of all shares of Glassdoor on 21 June 2018. The acquisition consideration was ¥143.0 billion, and the specific transaction to expand the HR technology business moved into the execution stage. - FY2018AdvancedAnnual report
「The company decided to acquire all outstanding shares of Glassdoor, Inc., a US-based unlisted company, for US$1.2 billion in cash through a special-purpose acquisition subsidiary to be established by the company, and signed the definitive agreement on 9 May 2018.」
As a growth investment in the HR technology sector, the company signed an agreement to acquire all shares of Glassdoor for US$1.2 billion. The acquisition was scheduled to take place during the second quarter of the fiscal year ending March 2019. - FY2017AdvancedAnnual report
「In the staffing business, the company promoted efficient operations and expanded its geographic footprint through M&A and other initiatives.」
The company expanded its overseas staffing operations through the acquisition of USG People B.V. and other entities, with ¥176.6 billion spent on acquiring subsidiaries during the fiscal year. - FY2017-Q3AdvancedAnnual report
「During the first quarter, the company acquired shares in USG People B.V., which operates a staffing business in Europe, and its 6 specified subsidiaries, making them consolidated subsidiaries. USG People B.V. changed its name from USG People N.V. in July 2016.」
Following the acquisition of USG People B.V. and its 6 specified subsidiaries, their results contributed to the consolidated results from the current quarter. The expansion of the overseas business through the acquisition was reflected in the results. - FY2017-Q1AdvancedAnnual report
「The Company is pursuing the strengthening of its existing domestic businesses and the acquisition and expansion of a global business platform to achieve stable and sustainable growth. In the staffing business, it acquired shares in USG People N.V., which operates a comprehensive staffing business in Europe, primarily in the Netherlands, to accelerate and expand its overseas operations.」
As a growth investment through M&A, the company completed the acquisition of USG People N.V. and its 98 subsidiaries. The purchase price was ¥181.14 billion, and goodwill arising from the acquisition was ¥183.069 billion. - FY2016First statedAnnual report
「To maximize earnings growth over the long term, we will execute a range of growth investments, including M&A, more flexibly and proactively than before.」
The company plans to increase the flexibility and proactivity of investments, including M&A, as a means of achieving long-term earnings growth.