Expansion of the rent payment guarantee business through the acquisition of リクルートフォレントインシュア
First written in FY2018-Q2. 7 of 10 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2021.
2 other companies' latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「In the Payments and Guarantees business, transaction volume for rent payment guarantees increased year on year, reflecting market expansion driven by an increase in single-person households and rising demand following revisions to the Civil Code, as well as the successful establishment of integrated operations with 株式会社オリコフォレントインシュア. As a result, business revenue from the Payments and Guarantees business was ¥19.0 billion, up 12.8% year on year.」
Integrated operations with オリコフォレントインシュア following its acquisition are now on track and contributed to higher revenue in the Payments and Guarantees business, including rent payment guarantees. - FY2021-Q1AdvancedAnnual report
「For rent payment guarantees, we are moving toward full-scale integrated operations with Orico Forent Insure Co., Ltd. and focusing on initiatives to develop new partners and expand our share among major partners.」
Following its acquisition, collaboration with オリコフォレントインシュア has progressed from pursuing synergies to the full-scale implementation of integrated operations. - FY2020AdvancedAnnual report
「For rent payment guarantees, we have transferred our sales and administrative functions to Orico Forent Insure Co., Ltd. and established an integrated operating structure.」
Following its acquisition, オリコフォレントインシュア has progressed to the stage of executing synergies, including the transition of its sales and administrative functions and the establishment of an integrated operating structure. - FY2020-Q3RestatedAnnual report
「In rent payment guarantees, we are also focusing on initiatives to expand synergies with 株式会社オリコフォレントインシュア, which became a consolidated subsidiary in October 2017.」
We continue to work toward expanding synergies with オリコフォレントインシュア, which became a subsidiary. - FY2020-Q1RestatedAnnual report
「In the payments and guarantees business, transaction volumes increased as a result of strengthening the development of new partners for rent payment guarantees and efforts to promote accounts receivable payment guarantees among major partners. In addition, for rent payment guarantees, we are focusing on initiatives to expand synergies with Orico Forent Insure Co., Ltd., which became a consolidated subsidiary in October 2017.」
We continue to work toward expanding synergies with オリコフォレントインシュア, which became a subsidiary. - FY2019AdvancedAnnual report
「The Payments and Guarantees business reported higher revenue due to increased transaction volumes in rent payment guarantees and accounts receivable payment guarantees, as well as the contribution from 株式会社オリコフォレントインシュア, which became a consolidated subsidiary in the previous fiscal year.」
The contribution from オリコフォレントインシュア, which became a subsidiary, was reflected in full-year results. Payments and Guarantees revenue was ¥15.8 billion, up 46.0% year on year. - FY2019-Q2AdvancedAnnual report
「Business volume increased and revenue rose significantly in the payments and guarantee business, due to stronger development-oriented sales for rent payment guarantees, stronger promotion of receivables payment guarantees to major partners, and the effect of making Orico Forent Insure Co., Ltd. a consolidated subsidiary. As a result, business revenue from the payments and guarantee business was ¥7.9 billion, up 108.1% year on year.」
The contribution from オリコフォレントインシュア, which became a consolidated subsidiary, was reflected in the second quarter, contributing to Payments and Guarantees revenue of ¥7.9 billion, up 108.1% year on year. - FY2019-Q1AdvancedAnnual report
「In the payments and guarantees business, transaction volumes increased significantly and revenue grew substantially as a result of strengthening development-oriented sales for rent payment guarantees and efforts to promote accounts receivable payment guarantees among major partners, as well as the effect of making Orico Forent Insure Co., Ltd. a consolidated subsidiary.」
The contribution from オリコフォレントインシュア, which became a subsidiary, was reflected in first-quarter revenue growth in the Payments and Guarantees business. Revenue from the business was ¥3.9 billion, up 104.4% year on year. - FY2018-Q3AdvancedAnnual report
「During the current third quarter consolidated accounting period, we acquired all shares of 株式会社リクルートフォレントインシュア, which changed its corporate name to 株式会社オリコフォレントインシュア on 3 October 2017, making it a consolidated subsidiary. It is included in the Payments and Guarantees business. Voting rights acquired: 100%. Acquisition cost: ¥4,412 million.」
The acquisition of all shares of リクルートフォレントインシュア and its inclusion as a consolidated subsidiary were reflected in consolidated results. It was included in the Payments and Guarantees business. The voting interest acquired was 100%, and the acquisition cost was ¥4,412 million. - FY2018-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 25 August 2017, we resolved to acquire all issued shares of 株式会社リクルートフォレントインシュア and make it a subsidiary. Based on this resolution, we entered into a share transfer agreement with Recruit Holdings Co.,Ltd. dated 30 August 2017 and acquired the shares on 3 October 2017.」
To expand the rent payment guarantee business, the Company acquired all issued shares of 株式会社リクルートフォレントインシュア and made it a subsidiary. The acquisition price was ¥4.3 billion, the ownership ratio after the acquisition was 100%, and the aims were to secure top-tier sales and market share, acquire industry talent, and create synergies between the two companies.