Strengthening the IT Engineer Business Through the Acquisition of TSRソリューションズ as a Wholly Owned Subsidiary
First written in FY2022-Q1. 2 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2023.
0 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Engineer Platform Services comprises the Midworks business, operated by Branding Engineer, which matches companies with freelance engineers; the TechStars business, an IT engineer-focused recruitment support service; the tech boost business, which provides programming education to individuals and corporations; and the FCS business, which provides contract system development and consulting for engineer organizations. It also includes the engineer-matching services provided by TSRソリューションズ, consolidated from the fiscal year ended August 2022, and by DeProp, UPTORY, ジンアース and TSR, which became consolidated subsidiaries during the current consolidated accounting period.」
The Company continues to describe the integration of engineer-related businesses including TSRソリューションズ, DeProp, UPTORY, ジンアース and TSR. - FY2022-Q3AdvancedAnnual report
「In addition, from the third quarter of the current consolidated fiscal year, the segment has comprised system engineering services provided by consolidated subsidiary TSRソリューションズ.」
The system engineering services of wholly owned subsidiary TSRソリューションズ have been incorporated into the Engineer Platform Services segment from the third quarter of the consolidated fiscal year. - FY2022-Q2AdvancedAnnual report
「During the second quarter of the current consolidated fiscal year, TSRソリューションズ became a wholly owned subsidiary of the Company following the acquisition of all its shares and was therefore included in the scope of consolidation. Voting rights acquired: 100%」
The planned acquisition of TSRソリューションズ as a wholly owned subsidiary progressed through the share acquisition on 25 February 2022 and its inclusion in the scope of consolidation. The voting rights acquired were 100%, and goodwill of ¥299.867 million was recognized. - FY2022-Q1First statedAnnual report
「Through this M&A transaction, the Company expects to achieve cross-selling by introducing IT engineers from both TSR and the Company to each other's customers. In addition, by assigning TSR's strength, its experienced IT engineer personnel, as regular employees of the Company and forming teams with the young freelance IT engineers that have traditionally been one of the Company's strengths, the Company believes it will be able to offer customers higher-value-added proposals addressing a broader range of needs, particularly the promotion of digital transformation.」
The Company disclosed that it had signed a share transfer agreement on 5 January 2022 and planned to acquire all shares on 25 February 2022, making TSRソリューションズ a wholly owned subsidiary. The objectives were cross-selling, team formation combining experienced employees with young freelancers, digital transformation proposals, and expansion of sales capabilities, recruitment capabilities and access to customers. The acquisition price was ¥321.320 million for the shares, with an estimated total of ¥346.320 million including related expenses. The post-acquisition ownership ratio was scheduled to be 100.0%, funded through internal funds and bank borrowings.