Equity Investment in Jupiter Shop Channel
First written in FY2016. 1 of 3 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2017-Q2.
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- FY2017-Q2RestatedAnnual report
「Revenue for the cumulative second quarter ended was ¥2,301,581 million, up 7.0% year on year, reflecting steady progress in the domestic communications business due to increases in mobile communications and handset sales revenue, as well as the impact of newly consolidating Jupiter Shop Channel Co., Ltd. (hereinafter, “Shop Channel”) as part of efforts to expand the au economic sphere.」
Continues to state that Shop Channel’s consolidation contributed to expansion of the au economic sphere and consolidated revenue. - FY2017-Q1AdvancedAnnual report
「The company and Shop Channel have been steadily strengthening their cooperation by offering attractive campaigns to au customers, which have been well received by many customers, including those using Shop Channel for the first time.」
Implemented initiatives in cooperation with the au customer base following Shop Channel’s conversion into a consolidated subsidiary, and advanced collaboration in the shopping business. - FY2016First statedAnnual report
「Through this capital investment, the company, J:COM, Sumitomo Corporation and Shop Channel aim to further expand Shop Channel’s business by leveraging their respective management resources to generate synergies among the 4 companies, developing new shopping programs and reaching new customer segments through both television and the internet.」
Completed the conversion of Jupiter Shop Channel into a consolidated subsidiary on 14 March 2016 by acquiring a 55% stake, as a measure intended to expand the television and internet-based shopping business.