Strengthening the IT engineering business through the acquisition of DeProp as a wholly owned subsidiary
First written in FY2023-Q1. 1 of 4 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1ReframedAnnual report
「During the current interim consolidated accounting period, DeProp was dissolved through an absorption-type merger in which the company's consolidated subsidiary Branding Engineer was the surviving company, and was therefore excluded from the scope of consolidation.」
The structure has changed from pursuing cooperation and cross-selling with DeProp as a separate subsidiary to integrating the entities through an absorption-type merger in which Branding Engineer is the surviving company. - FY2023RestatedAnnual report
「Through this M&A, the company expects to achieve cross-selling by introducing the IT engineers of both DeProp and the company to each company's customers.」
The business combination notes continue to describe the plan for cross-selling and higher-value proposals by combining DeProp's PM and PMO personnel with the group's engineers. - FY2023-Q2AdvancedAnnual report
「DeProp has a deemed acquisition date of 30 November 2022, and because the end of its quarterly accounting period was 30 November, only its balance sheet was consolidated during the current first-quarter consolidated accounting period, while its income statement has been consolidated from the second-quarter consolidated accounting period.」
For DeProp, the consolidation has progressed from including only its balance sheet in the first quarter to including its income statement in the second-quarter consolidated accounting period. - FY2023-Q1First statedAnnual report
「Through this M&A, the company expects to achieve cross-selling by introducing the IT engineers of both DeProp and Branding Engineer to each company's customers. Previously, DeProp supported clients using only PM and PMO personnel. By establishing a system that provides project-based support incorporating BE's engineers and programmers, the company believes it can offer higher-value proposals to address a broader range of client needs.」
On 14 September 2022, the company acquired DeProp shares and made DeProp a subsidiary with a 100% voting rights ratio. The acquisition consideration was ¥78 million, and the company planned cross-selling by combining DeProp's PM and PMO personnel with its engineers and programmers, as well as higher-value, project-based proposals.