Kddi (9433) · InitiativeAdvanced
Expansion of the customer base and non-telecommunications business through the acquisition of BIGLOBE as a wholly owned subsidiary
First written in FY2017-Q3. 1 of 2 entries say "Advanced", first in FY2017. Latest entry: FY2017.
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Expansion of telecommunications and non-telecommunications customer bases through the acquisition of BIGLOBE as a wholly owned subsidiaryA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2017AdvancedAnnual report
「On 31 January 2017, we acquired all shares of a special-purpose company holding 100% of the shares of BIGLOBE Co., Ltd. from Japan Industrial Partners, Inc. and others. As a result, BIGLOBE and its consolidated subsidiaries became consolidated subsidiaries of the company on the same date.」
The acquisition of BIGLOBE as a wholly owned subsidiary was completed, and revenue of ¥16,309 million and profit for the period of ¥987 million from the acquisition date onward were consolidated. The company continues to pursue synergies in customer bases and business expertise across telecommunications, payment services and merchandise sales. - FY2017-Q3First statedAnnual report
「As a result, we and BIGLOBE will leverage our respective customer bases and business expertise to pursue growth through synergies not only in telecommunications but also in non-telecommunications areas such as payment services and merchandise sales.」
BIGLOBE became a wholly owned subsidiary on 31 January 2017, with the company aiming to leverage its customer base and business expertise not only in telecommunications but also in payment services and merchandise sales. The purchase consideration was ¥37 billion.