Strengthening the distribution network through the succession of Seikodo's music video package wholesale business
First written in FY2018-Q3. 3 of 6 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2021-Q2.
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- FY2021-Q2AchievedAnnual report
「In the distribution business, we acquired the shares of 株式会社イリサワ in the toy business, making it a subsidiary and entering the wholesale model-toy business, thereby expanding our range of products for high-target customers. In the video and music business, we integrated our wholesale video and music package division with that of our subsidiary and improved productivity through the shared use of logistics functions and systems.」
The Company integrated its wholesale video and music package division with that of its subsidiary and improved productivity through the shared use of logistics functions and systems. - FY2019RestatedAnnual report
「Through this company split, we will further strengthen our nationwide distribution network by providing market-oriented services and enhancing the shared use of logistics functions and systems, while seeking to expand the business by building stronger relationships with each customer and strengthening cooperation with numerous manufacturers.」
The Company has reconfirmed that the transfer of the wholesale video and music package business to a wholly owned subsidiary, with 1 April 2019 as the effective date, is intended to strengthen the distribution network, logistics, systems and customer relationships. - FY2019-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 12 February 2019, the Company resolved that its wholesale business for video and music packages would be transferred through a company split to 株式会社星光堂マーケティング, its wholly owned subsidiary, with 1 April 2019 as the effective date, and entered into an absorption-type company split agreement with the subsidiary on the same date.」
Regarding the wholesale video and music package business following the succession of the Seikodo business, the Company resolved to transfer the business through an absorption-type company split to its wholly owned subsidiary and entered into an agreement with 1 April 2019 as the effective date. It plans to change the subsidiary's corporate name to 株式会社ハピネット・メディアマーケティング and strengthen market-oriented services, shared logistics and systems, the distribution network, customer relationships and relationships with manufacturers. - FY2019-Q2AdvancedAnnual report
「In the video and music business, net sales and profit significantly exceeded the same period of the previous year, owing to the strong performance of Namie Amuro’s “namie amuro Final Tour 2018 ～Finally～” and improvements in the operations of the subsidiary that assumed Seikodo Co., Ltd.’s wholesale business for packaged music and video products. As a result, net sales were ¥42,896 million, up 126.6% year on year, and segment profit was ¥759 million, up 143.8%.」
Following the succession of Seikodo's wholesale music and video package business, the subsidiary improved its operations. Sales in the video and music business increased 126.6%, and segment profit increased 143.8%. - FY2019-Q1AdvancedAnnual report
「In the video and music business, although the packaged-media market remained challenging, the Company assumed, through a company split effective 1 March 2018, a portion of the rights and obligations held by Seikodo Co., Ltd. in relation to its wholesale business for packaged music and video products. As a result of the resulting increase in its share of the intermediate distribution market, both net sales and profit significantly exceeded the same period of the previous year.」
The Company states that part of Seikodo's business was transferred with 1 March 2018 as the effective date, resulting in concrete progress and business benefits, including an increase in market share in the intermediate distribution market. - FY2018-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 11 December 2017, the Company resolved that, effective 1 March 2018, a portion of the rights and obligations held by its subsidiary in relation to Seikodo Co., Ltd.’s wholesale business for packaged music and video products would be transferred to the subsidiary through a company split, and entered into an absorption-type company split agreement on the same day.」
The Company has for the first time described a plan under which a subsidiary will succeed to part of Seikodo's wholesale music and video package business through an absorption-type company split, with 1 March 2018 as the effective date. The Company explained that the reasons and expected benefits included market-oriented services, shared use of logistics functions and systems, strengthening the nationwide distribution network, strengthening relationships with customers and manufacturers, and market expansion.