Expanding the E-Commerce Business Through the Acquisition of Ruby Group as a Subsidiary
First written in FY2019-Q1. 2 of 4 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021DroppedAnnual report
「At a meeting of the Board of Directors held on 11 March 2021, the Company resolved to sell all shares of ルビー・グループ㈱ and transferred them on 25 March 2021.」
The Company resolved to sell all shares of ルビー・グループ, which had been made a subsidiary to expand e-commerce, and transferred them on 25 March 2021. Accordingly, the relationship involving business expansion through its subsidiary status has ended. - FY2018AdvancedAnnual report
「ＲＵＢＹ ＧＲＯＵＰ ＫＯＲＥＡ ＩＮＣ． has been included in the scope of consolidation from the current consolidated fiscal year following its establishment.」
After making ルビー・グループ a subsidiary, the Company established a Korean entity in October 2018 and included it in the scope of consolidation from the current consolidated fiscal year. The organizational rollout related to expanding the e-commerce business is progressing. - FY2019-Q2AdvancedAnnual report
「From the second quarter of the current consolidated fiscal year, ルビー・グループ株式会社 has been included in the scope of consolidation as a result of the acquisition of its shares. Acquired voting rights: 80%」
ルビー・グループ株式会社, acquired on 27 April 2018, became subject to consolidation from the second quarter, and its results were included in the consolidated results as a subsidiary in which the Company held 80% of the voting rights. - FY2019-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 29 March 2018, the Company resolved to acquire the shares of ルビー・グループ株式会社 and make it a subsidiary, entered into a share transfer agreement dated 30 March 2018, and acquired the shares on 27 April 2018.」
ルビー・グループ株式会社, which plans, builds and operates e-commerce sites for luxury brands and provides consulting services, was made a subsidiary through a share acquisition. The acquired voting rights amounted to 80%, and the acquired company reported approximately ¥900 million in net sales for the fiscal year ended December 2017. The primary reasons were to expand e-commerce sales and generate synergies with related businesses.