Entry into a New Revenue-Generating Business through the Acquisition of the “Iekare” Real Estate Media Business
First written in FY2017. 1 of 6 entries say "Achieved", first in FY2018-Q1. Latest entry: FY2019-Q2.
0 other companies' latest entry also says "Dropped".
- FY2019-Q2DroppedAnnual report
「The company transferred the WEB Business effective 30 September 2018.」
The company transferred the WEB Business, including Iekare, which it had acquired in 2017, citing poor performance and failure to meet plan. - FY2019-Q1WorsenedAnnual report
「To expand sales, the company focused on acquiring new participating companies for Iekare. It also implemented various measures, including improving advertising operations, to increase earnings, but sales fell below plan as competition in the industry intensified.」
Although the company pursued the acquisition of participating companies and improved advertising operations, sales fell below plan due to intensifying competition, and it also recorded an impairment loss of ¥129 million. - FY2018-Q3New site launched, but plan still missedAnnual report
「In addition, on 20 October 2017, the company launched a new site, God of Real Estate Utilisation, to provide useful information on the use of real estate. As the real estate market is busiest from January to March, it implemented various measures to increase traffic to Iekare. However, sales fell below plan because the delayed full-scale launch of operations affected the second quarter of the fiscal year.」
The WEB Business launched a new site and implemented measures to increase traffic, but sales fell below plan because of the delayed launch of operations. - FY2018-Q2Failure to meet plan due to prolonged business transfer and integrationAnnual report
「The company commenced operations on 1 June 2017 following the acquisition of the business. To expand sales, it increased the proportion of sales staff and focused on acquiring new participating companies for Iekare. Although it proceeded in parallel with establishing its internal structure and transferring operations, the transfer of operations and integration of business systems took longer than expected, delaying the full-scale launch of the business and resulting in performance below plan.」
Following the acquisition of the Iekare business, the company expanded its sales staff and pursued the acquisition of participating companies, but failed to meet plan due to the prolonged transfer of operations and systems integration. - FY2018-Q1AchievedAnnual report
「In response, the company acquired the business on 31 May 2017.」
The company acquired the comprehensive real estate comparison website Iekare business from Global Search Co., Ltd. on 31 May 2017 and established a new web business division. - FY2017First statedAnnual report
「With the aim of quickly developing new revenue-generating businesses, the company has considered commercializing new businesses not only in peripheral areas of its existing operations but also in markets expected to grow in the future. This agreement was concluded for the purpose of commercializing a business in a new area.」
The company acquired the domestic comprehensive real estate transaction comparison website Iekare business from Global Search Co., Ltd. on 31 May 2017. The acquisition consideration ranged from ¥490 million to ¥870 million, and additional payments based on future performance achievement were also stipulated.