Business Expansion Through M&A (Making エニドア a Wholly Owned Subsidiary)
First written in FY2017-Q2. 1 of 3 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2018.
MetaReal moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Worsened".
- FY2018WorsenedAnnual report
「As the cloud translation market, which does not require advanced specialization or quality, began to contract more quickly than anticipated due to the rapid improvement in machine translation accuracy, the company determined that it would be difficult for group subsidiary エニドア, whose customers were primarily in this market, to continue generating earnings under its original business model. It therefore transitioned to a new business model and fully impaired the goodwill that had been recognized.」
The company determined that it would be difficult to secure recurring earnings under エニドア's original business model after the acquisition, leading to a transition to a new model and a full impairment of the recognized goodwill. - FY2017-Q3RestatedAnnual report
「Through M&A, 株式会社エニドア, which operates a crowdsourcing business, became a wholly owned subsidiary on 1 September 2016, and the business is being operated accordingly.」
The company reconfirmed that エニドア became a wholly owned subsidiary on 1 September 2016 and explained that it operates the business as a consolidated subsidiary. - FY2017-Q2AdvancedAnnual report
「We also focused on M&A as a means of expanding the business and announced on 9 August 2016 that 株式会社エニドア, which operates a crowdsourcing business, would become a wholly owned subsidiary. (The process of making it a wholly owned subsidiary was completed on 1 September 2016.)」
M&A was identified as a means of business expansion. After acquiring 50.12% of the voting rights in エニドア on 15 August 2016, the company became a wholly owned subsidiary on 1 September 2016 through a share exchange, when the voting rights reached 100.00%.