Expansion into the sign and advertising business through a capital and business alliance with 日本サインホールディングス
First written in FY2018. 3 of 6 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2020-Q3.
No other company in this theme has enough history to compare yet.
- FY2020-Q3DroppedAnnual report
「In April 2019, the two companies jointly established ジャパンデジタルサイネージ株式会社 with equal contributions and developed an advertising business using digital signage. (For the efficient and effective operation of ジャパンデジタルサイネージ株式会社, the company transferred all of its 50% interest in ジャパンデジタルサイネージ株式会社 to 日本サインホールディングス株式会社 in November 2019.) However, as the synergies and business progress initially anticipated from the capital and business alliance between 日本サインホールディングス株式会社 and the company failed to materialize, the company concluded that concentrating management resources on the touch-panel and digital signage businesses of its group companies would contribute more to enhancing corporate value than jointly developing the business while supporting the management of 日本サインホールディングス株式会社. Accordingly, the company decided to transfer its shares and other interests in 日本サインホールディングス株式会社 and terminate the memorandum of understanding concerning the capital and business alliance.」
All shares in jointly funded ジャパンデジタルサイネージ株式会社 were transferred to 日本サインホールディングス in November 2019. A decision was also announced to transfer the shares and other interests held in 日本サインホールディングス and terminate the memorandum of understanding concerning the capital and business alliance. - FY2020-Q2New subsidiary launch costs pushed the segment into a lossAnnual report
「As a result, segment revenue amounted to ¥581 million, an increase of ¥73 million, or 14.5%, from the same period of the previous year. Segment profit (operating profit) was a loss of ¥5 million, a decline of ¥32 million from the same period of the previous year, when segment profit was ¥27 million, partly due to the recognition of launch costs for ジャパンデジタルサイネージ株式会社, established in April this year.」
The recognition of launch costs for ジャパンデジタルサイネージ株式会社, jointly established with 日本サインホールディングス, resulted in a ¥5 million loss in the Device Programming and Display Solutions segment. - FY2020-Q1AdvancedAnnual report
「We are establishing ジャパンデジタルサイネージ株式会社 as a new subsidiary jointly with equity-method affiliate 日本サインホールディングス株式会社 to operate the digital signage business.」
Based on the alliance with 日本サインホールディングス, the company jointly established ジャパンデジタルサイネージ株式会社 to operate the digital signage business. - FY2019-Q2AdvancedAnnual report
「The company is supporting the investee while pursuing synergies with its display solutions-related business, and recorded ¥27 million in share of profit of an equity-method investee.」
Following the alliance with 日本サインホールディングス, efforts to pursue synergies and provide support continued, and equity-method investment income amounted to ¥27 million. - FY2019-Q1AdvancedAnnual report
「On 10 May of the current year, we acquired newly issued shares of 日本サインホールディングス株式会社 through a third-party allotment and made the company an equity-method affiliate. We are supporting the company while pursuing synergies with our display solutions-related business, and recorded ¥10 million in equity in earnings of the company.」
The share acquisition dated 10 May and the conversion of 日本サインホールディングス into an equity-method affiliate were completed under the capital and business alliance, giving concrete form to efforts to pursue synergies and provide support. - FY2018First statedAnnual report
「In April 2018, we entered into a capital and business alliance with 日本サインホールディングス株式会社 concerning the signage and advertising businesses, making the company an equity-method affiliate.」
Following the capital and business alliance in April 2018, the share acquisition was completed on 10 May 2018, resulting in a voting-rights ratio of 40.00%. The company newly began expanding into the signage and advertising businesses.