Achieving End-to-End Coverage of Matchmaking and Bridal Services Through the Acquisition of メイション and Entering the No-Ceremony Wedding Market
First written in FY2019-Q3. 2 of 4 entries say "Achieved", first in FY2019. Latest entry: FY2020-Q2.
0 other companies' latest entry also says "Achieved".
- FY2020-Q2AchievedAnnual report
「At a meeting of its Board of Directors held on 24 April 2019, the company's consolidated subsidiary Rising resolved to carry out a merger by absorption, with Rising as the surviving company and its subsidiary メイション as the absorbed company. The merger by absorption was completed on 6 July 2019. On the same date, the surviving company, Rising, changed its corporate name to メイション.」
After メイション became a subsidiary, the merger by absorption and corporate name change were completed on 6 July 2019, completing the consolidation of management resources. - FY2020-Q1AdvancedAnnual report
「The company's consolidated subsidiary Rising and its subsidiary メイション resolved to merge by absorption, with Rising as the surviving company. On 26 April 2019, the two companies entered into a merger agreement. Merger date: 6 July 2019」
After メイション became a subsidiary, a merger by absorption with Rising as the surviving company was completed on 6 July 2019, consolidating management resources and integrating the Group. - FY2019AchievedAnnual report
「At a meeting of the Board of Directors held on 21 January 2019, the company resolved that its consolidated subsidiary Rising would acquire shares in メイション and make it a subsidiary of Rising, and therefore a second-tier subsidiary of the company. メイション became a subsidiary on 1 April 2019.」
メイション became a wholly owned subsidiary on 1 April 2019. The objectives were to provide an integrated service from matchmaking through marriage and to deliver value in the wedding-free market. - FY2019-Q3First statedAnnual report
「In light of recent industry conditions, we have carefully considered bringing メイション into the Group, based on our desire to maximize customer outcomes across a broad range of areas starting with matchmaking support and to contribute to the realization of a prosperous society. We decided to acquire shares in メイション after taking into account that (1) matchmaking support and the bridal business offer significant synergies, enabling us to maximize customer benefits by providing an integrated service from matchmaking through marriage; (2) in the wedding-free market, where market expansion is expected, combining the knowledge and expertise of both companies will enable us to provide new value; and (3) both the Partner Agent and Smart Kon brands can be used in marketing, among other considerations.」
In January 2019, the company established the subsidiary Rising and decided to acquire shares in メイション and make it a wholly owned subsidiary. The estimated acquisition price was ¥1,514 million, the transaction was scheduled for 1 April 2019, and borrowed funds were to be used. Following the acquisition, a merger by absorption with Rising as the surviving company and a corporate name change were also planned.