Expansion of the Digital Marketing Business Through the Acquisition of TAGGY as a Subsidiary
First written in FY2017. 4 of 6 entries say "Worsened", first in FY2018. Latest entry: FY2019.
i-mobile moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Worsened".
- FY2019WorsenedAnnual report
「The company was excluded from the scope of consolidation because part of the shares held was sold during the consolidated fiscal year.」
TAGGY was excluded from the scope of consolidation following the sale of part of its shares, progressing from the acquisition of the company as a subsidiary to expand digital marketing to a reduced ownership interest and exclusion from consolidation. - FY2019-Q3WorsenedAnnual report
「During the third quarter consolidated accounting period, the Company transferred part of its shares in its consolidated subsidiary 株式会社TAGGY and consequently excluded the company from the scope of consolidation.」
Following the transfer of part of its TAGGY shares, the company was excluded from the scope of consolidation. The business has progressed from acquiring TAGGY as a subsidiary to expand digital marketing to reducing the ownership interest and excluding it from consolidation. - FY2019-Q2WorsenedAnnual report
「Based on the knowledge and experience the Group had cultivated in the internet advertising business, the Company acquired the shares with a view to expanding the business through collaboration between the two companies in new areas of digital marketing, including TAGGY's dynamic creative advertising targeting various devices. However, after determining that the earnings initially anticipated could not be expected, the Company transferred part of its shares in TAGGY to Ishigami Yutaka (石上裕), TAGGY's representative director and president, and entered into a share transfer agreement.」
The Company disclosed a policy of excluding TAGGY from the scope of consolidation after determining that the earnings initially anticipated could not be expected, transferring 1,420 shares to reduce its ownership ratio to 19.5%. - FY2018WorsenedAnnual report
「In addition, because the earnings initially projected in the original business plan for goodwill relating to TAGGY, a consolidated subsidiary, could no longer be expected, the company reduced its carrying amount to its recoverable amount and recorded an impairment loss as an extraordinary loss.」
Regarding the expansion of digital marketing through the acquisition of TAGGY as a subsidiary, the Company determined that the earnings initially anticipated could no longer be expected and recognized an impairment loss of ¥135.338 million on goodwill. - FY2018-Q1AchievedAnnual report
「On 25 October 2017, the Company entered into a share transfer agreement and an agreement for subscription of all shares, and made 株式会社TAGGY a subsidiary on 1 November 2017.」
Regarding the planned acquisition of TAGGY as a subsidiary disclosed in the previous filing, the Company disclosed that the acquisition and conversion into a subsidiary were completed on 1 November 2017. - FY2017First statedAnnual report
「At a meeting of the Board of Directors held on 24 October 2017, the Company resolved to acquire 76.1% of the issued shares of 株式会社TAGGY and make it a subsidiary. On 25 October 2017, it entered into a share transfer agreement and an agreement for subscription of all shares, and made 株式会社TAGGY a subsidiary on 1 November 2017.」
The Company disclosed, as a subsequent event, a transaction to acquire 76.1% of TAGGY's voting rights and expand the business through collaboration with TAGGY in digital marketing technology and service development.