Strengthening downstream operations and recruitment channels through the acquisition of FUNtoFUN and other companies as subsidiaries
First written in FY2018. 4 of 13 entries say "Worsened", first in FY2020-Q2. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026ReframedAnnual report
「In response to changes in the operating environment, the company aims to consolidate overlapping businesses, including those at its locations, in order to improve efficiency, strengthen governance and reduce the cost of managing legal entities.」
The businesses incorporated through the acquisition of FUNtoFUN Co., Ltd. were reorganized for integration into Hirayama Co., Ltd. through a merger by absorption. - FY2026-H1ReframedAnnual report
「In response to changes in the operating environment, the company aims to consolidate overlapping businesses, including those at its locations, in order to improve efficiency, strengthen governance and reduce the cost of managing legal entities.」
The businesses incorporated through the acquisition of FUNtoFUN, including staffing for food manufacturing and contract services for retail stores, were reorganized for integration into Hirayama Co., Ltd. through a merger by absorption in December 2025. - FY2025WorsenedAnnual report
「FUNtoFUN Co., Ltd. accounted for more than 10% of consolidated revenue, excluding intercompany revenue. Key financial information: (1) Revenue: ¥4,390.365 million (2) Ordinary loss: ¥82.941 million (3) Net loss: ¥64.331 million」
FUNtoFUN Co., Ltd. maintained revenue of ¥4,390 million but recorded an ordinary loss of ¥82.941 million and a net loss of ¥64.331 million, deteriorating from ordinary income and net income in the previous fiscal year. - FY2024MitigatedAnnual report
「FUNtoFUN Co., Ltd. accounted for more than 10% of consolidated revenue, excluding intercompany revenue. Key financial information: (1) Revenue: ¥4,836.677 million (2) Ordinary income: ¥41.109 million (3) Net income: ¥25.998 million」
FUNtoFUN Co., Ltd., which had recorded an ordinary loss and net loss in FY2023, returned to ordinary income of ¥41.109 million and net income of ¥25.998 million in the current fiscal year. - FY2023WorsenedAnnual report
「FUNtoFUN Co., Ltd. accounted for more than 10% of consolidated revenue, excluding intercompany revenue. Key financial information: (1) Revenue: ¥5,280.005 million (2) Ordinary loss: ¥48.980 million (3) Net loss: ¥51.268 million」
FUNtoFUN Co., Ltd., which had recorded a profit in the previous fiscal year, recorded an ordinary loss of ¥49 million and a net loss of ¥51 million in the current fiscal year, indicating deterioration in profitability after becoming a subsidiary. - FY2021MitigatedAnnual report
「FUNtoFUN Co., Ltd. accounted for more than 10% of consolidated revenue, excluding intercompany revenue. Key financial information: (1) Revenue: ¥4,790.315 million (2) Ordinary income: ¥80.950 million (3) Net income: ¥81.783 million」
FUNtoFUN Co., Ltd., which recorded an impairment loss in the previous fiscal year, recorded ordinary income of ¥80.950 million and net income of ¥81.783 million in the current fiscal year. - FY2020WorsenedAnnual report
「At FUNtoFUN Co., Ltd., the company had recognized goodwill based on excess earning power and customer-related assets at the time of the acquisition. Following a review of the business plan, it determined that achieving the initially projected earnings would be difficult and recognized an impairment loss.」
FUNtoFUN was deemed unlikely to achieve its initially projected earnings, and impairment losses were recorded on goodwill of ¥275.539 million and customer-related assets of ¥36.246 million. - FY2020-Q2WorsenedAnnual report
「The company recorded impairment losses of ¥296.459 million as extraordinary losses, comprising the full unamortized balance of goodwill arising on the acquisition of FUNtoFUN Co., Ltd., a consolidated subsidiary, and part of its intangible fixed assets. FUNtoFUN’s performance had fallen below the initial plan due in part to the recognition of an allowance for doubtful accounts resulting from delayed collection from a specific customer. After reviewing the future business plan and carefully assessing recoverability, the company recognized the impairment.」
FUNtoFUN Co., Ltd.’s performance fell below the initial plan, and following a review of the business plan and an assessment of recoverability, the company recorded an impairment loss of ¥296.459 million on goodwill and other assets. - FY2019RaisedAnnual report
「The company will expand its customer base among businesses facing severe labor shortages, including retail, restaurants, logistics and accommodation, while leveraging the strengths of FUNtoFUN Co., Ltd., which has joined the group.」
The company explicitly stated that it would expand the target markets for FUNtoFUN Co., Ltd.’s strengths from retail and restaurants to logistics and accommodation, thereby expanding the customer base for its services business. - FY2019-Q3RestatedAnnual report
「Under these conditions, the group recorded a substantial increase in revenue because FUNtoFUN Co., Ltd., acquired at the beginning of the period and strong in staffing for the food manufacturing industry and contract services for retail stores, which is relatively resilient to economic conditions, was added to the consolidated group. In the existing insourcing and staffing businesses, orders also remained firm, particularly in transportation equipment, housing equipment and food-related fields.」
The addition of FUNtoFUN Co., Ltd. to the consolidated group and its complementary food manufacturing and retail-store contract businesses continued to be cited, together with firm orders in the existing businesses, as factors behind the substantial increase in revenue. - FY2019-Q2AdvancedAnnual report
「Under these conditions, the group recorded a substantial increase in revenue because FUNtoFUN Co., Ltd., acquired at the beginning of the period and strong in staffing and contract services for the food manufacturing industry, which is relatively resilient to economic conditions, was added to the consolidated group. In the existing insourcing and staffing businesses, orders also remained firm, particularly in transportation equipment, housing equipment and food-related fields.」
The addition of FUNtoFUN Co., Ltd., acquired at the beginning of the period, to the consolidated group and the incorporation of the complementary staffing and contract-services businesses in food manufacturing were cited as factors behind the substantial increase in revenue. - FY2019-Q1AdvancedAnnual report
「From the first quarter of the current consolidated accounting period, 株式会社ＮＣＩ１ and its wholly owned subsidiary FUNｔｏＦＵＮ株式会社 were included in the scope of consolidation because the Company acquired all shares of 株式会社ＮＣＩ１.」
The acquisition of all shares of NCI1 was completed on 2 July 2018, and the acquired businesses, including FUNtoFUN Co., Ltd., were added to the consolidated group. The transaction moved from the acquisition planning stage to actual consolidation and operational integration. - FY2018First statedAnnual report
「On 2 July 2018, the company acquired all shares of NCI1 Co., Ltd. The company determined that the transaction would benefit both parties because FUNtoFUN Co., Ltd. would gain access to the group’s expertise in contract work for food manufacturing and processing, while the group could expand into downstream operations by adding FUNtoFUN Co., Ltd., which provides contract services for urban mini-supermarkets and other stores. In recruitment, the two companies were complementary, as FUNtoFUN Co., Ltd. is strong in recruiting international students and personnel from Bhutan, while the group is strong in recruiting from Southeast Asian countries. These considerations led to the acquisition.」
The company acquired all shares of NCI1 and made FUNtoFUN a subsidiary. The company itself explained that the objective was to incorporate expertise in contract work for food manufacturing and processing, expand into downstream operations such as urban mini-supermarkets, and gain FUNtoFUN’s recruitment capabilities for international students and personnel from Bhutan.