Expansion of business scope through the acquisition of an insurance agency business
First written in FY2019-Q3. 4 of 8 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2024-Q1.
No other company in this theme has enough history to compare yet.
- FY2024-Q1AdvancedAnnual report
「In the incubation business, several services grew. As a result, revenue was ¥107 million, up 0.9% year on year, and operating profit was ¥12 million, up 10.1%.」
Multiple services grew in the incubation business, including insurance services, resulting in increases in revenue and operating income in the current first quarter. - FY2023-Q1AdvancedAnnual report
「In the incubation business, the number of contracts for the 24-hour call centre service increased, as did agency commissions from insurance services. As a result, revenue was ¥106 million, up 11.5% year on year, and operating profit was ¥11 million, compared with an operating loss of ¥5 million in the previous year.」
Insurance services, whose expansion had been delayed by the COVID-19 pandemic after the acquisition, generated higher agency commissions, and the incubation business, including insurance services, became profitable at the operating level. - FY2022-Q1ReframedAnnual report
「During the current first quarter consolidated accounting period, サンネクスタリーシング株式会社, formerly a consolidated subsidiary of the company, was excluded from the scope of consolidation because it ceased to exist as a result of an absorption-type merger in which 株式会社スリーＳ, also a consolidated subsidiary of the company, was the surviving company.」
サンネクスタリーシング, which operated the insurance agency business, ceased to exist following an absorption-type merger with スリーS, and the initiative to expand the business scope was reorganized as a consolidation of businesses among subsidiaries. - FY2021-Q2Delay in expanding insurance servicesAnnual report
「In the insurance service, activities aimed at expanding new services were significantly delayed by the suspension of sales activities and other measures during the COVID-19 pandemic.」
Expansion activities for new services in the acquired insurance agency business have been delayed due to the suspension of sales activities and other effects of the COVID-19 pandemic. - FY2020-Q2AdvancedAnnual report
「サンネクスタリーシング株式会社, a consolidated subsidiary of the company, had applied provisional accounting treatment to the business combination with 株式会社リスクマネジメントアルファ during the first quarter consolidated accounting period, but the treatment was finalized during the current second quarter consolidated accounting period. No adjustment was made to the amount of goodwill.」
The provisional accounting treatment for the business combination related to the acquired insurance agency business was finalized in the second quarter, with no adjustment to the amount of goodwill. - FY2020-Q1AdvancedAnnual report
「Beginning with the current first quarter consolidated accounting period, サンネクスタリーシング株式会社 has been included in the scope of consolidation because its materiality has increased.」
サンネクスタリーシング株式会社, which operates the insurance agency business acquired on 1 July 2019, was included in the scope of consolidation from the current first quarter due to its increased materiality. - FY2019AchievedAnnual report
「Regarding the insurance agency business, the company and its non-consolidated subsidiary, サンネクスタリーシング株式会社, entered into a business transfer agreement with the company on 10 June 2019, and acquired the business from the company on 1 July 2019.」
The planned acquisition of the insurance agency business was completed on 1 July 2019. The acquisition consideration was ¥53,256 thousand. - FY2019-Q3First statedAnnual report
「By acquiring the insurance agency business from the company, the Group, including the company itself, aims to further expand its business operations and earnings.」
On 18 April 2019, the company entered into a basic agreement with 株式会社リスクマネジメント・アルファ regarding the planned acquisition of its insurance agency business. The acquisition price is ¥53,256 thousand, and the acquisition is scheduled for 1 July 2019, although the transferee and the amounts of assets, liabilities, and goodwill have not yet been determined.