Strengthening Sales, Procurement and Authentication Capabilities through a Capital and Business Alliance with ブランドオフ
First written in FY2018-Q1. . Latest entry: FY2018-Q3.
0 other companies' latest entry also says "Other".
- FY2018-Q3Alliance discussions generated costsAnnual report
「Ordinary profit was ¥486 million, an increase of ¥157 million, or 48.0%, year on year, although the increase narrowed because one-off costs totalling ¥216 million were incurred, including bank fees such as arrangement fees related to refinancing and costs incurred while exploring a business alliance with Brand Off Co., Ltd.」
The disclosure states that costs were incurred while exploring discussions on a business alliance with Brand Off. It does not state that the alliance was completed. - FY2018-Q1First statedAnnual report
「On 15 June 2017, we entered into a memorandum of understanding regarding a capital and business alliance with Brand Off Co., Ltd. Brand Off operates 50 stores in Japan and overseas, including Hong Kong and Taiwan, and has more than 400 employees. We determined that a collaboration between the industry's second- and third-largest companies would not only strengthen sales and sourcing capabilities, but also enhance the experienced appraisal capabilities essential to the global expansion of the branded used-goods purchase and resale and pawn businesses. We therefore judged that the alliance would further strengthen our group's business foundation in the Japanese and overseas markets and contribute to our goal of becoming the world's No. 1 company in the branded used-goods purchase and resale and pawn businesses, and entered into a memorandum of understanding toward execution of the agreement.」
We entered into a memorandum of understanding toward a capital and business alliance with Brand Off, which operates more than 50 stores in Japan and overseas and has more than 400 employees, with plans to strengthen sales, sourcing and appraisal capabilities.