Making GMO Speed Translation a Wholly Owned Subsidiary
First written in FY2018-Q3. 2 of 6 entries say "Advanced", first in FY2018. Latest entry: FY2020-Q1.
No other company in this theme has enough history to compare yet.
- FY2020-Q1AchievedAnnual report
「At a meeting of the Board of Directors held on 11 January 2019, the Company resolved to merge Intermedia Co., Ltd. into its consolidated subsidiary 株式会社グローヴァ and Speed Translation Co., Ltd. into 株式会社エニドア, and completed the mergers on 1 March 2019.」
The previously approved merger of Speed Translation into 株式会社エニドア was completed on 1 March 2019. The post-merger company was named Xtra Co., Ltd. - FY2019-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 11 January 2019, the Company resolved to merge its consolidated subsidiary 株式会社グローヴァ with 株式会社インターメディア, and 株式会社エニドア with スピード翻訳株式会社, through statutory absorption-type mergers.」
Regarding スピード翻訳株式会社, which had been integrated into the crowdsourcing business after becoming a wholly owned subsidiary, the Company resolved on an absorption-type merger in which 株式会社エニドア would be the surviving company. The business combination was scheduled for 1 March 2019, with 株式会社Xtra designated as the post-combination name. - FY2019-Q2RestatedAnnual report
「In the crowdsourcing business, the addition of スピード翻訳株式会社 from the fourth quarter of the previous fiscal year resulted in revenue of ¥273.270 million (up 149.8% year on year) and segment profit of ¥11.660 million, compared with a segment loss of ¥34.782 million in the year-earlier period.」
The disclosure reaffirms that the wholly owned subsidiary スピード翻訳株式会社 is operating as part of the crowdsourcing business. There is no new acquisition milestone after completion of the acquisition. - FY2019-Q1RestatedAnnual report
「In the crowdsourcing business, the addition of スピード翻訳株式会社 from the fourth quarter of the previous fiscal year resulted in net sales of ¥137,184 thousand, up 56.3% year on year.」
The disclosure reaffirms that the wholly owned subsidiary スピード翻訳株式会社 is operating as part of the crowdsourcing business. Completion of the acquisition had already been disclosed by the previous filing, and there is no new acquisition milestone. - FY2018AdvancedAnnual report
「The purpose was to accelerate development of the Company's AI machine-translation product, T-4OO, and the promotion of its “AI & CROWD” strategy by bringing the crowdsourcing resources and expertise of GMOスピード翻訳株式会社 into the Group as a subsidiary.」
All shares of GMOスピード翻訳株式会社 were acquired on 15 December 2017, making it a wholly owned subsidiary under the name スピード翻訳株式会社. The annual report confirms the acquisition purpose and completion of the acquisition. - FY2018-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 30 November 2017, the Company resolved to acquire all shares of GMOスピード翻訳株式会社 and make it a subsidiary, entered into a share transfer agreement on the same date, and acquired all shares on 15 December 2017.」
GMOスピード翻訳株式会社, which operates a crowdsourced translation service, was made a wholly owned subsidiary. The consideration was ¥120 million in cash, and the acquisition on 15 December 2017 was disclosed as a subsequent event after the end of the quarter.