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MicroAd (9553) · InitiativeAchieved

Narrowing and Focusing the Overseas Consulting Business Through a Sale

First written in FY2022-Q3. 3 of 5 entries say "Restated". Latest entry: FY2023.

5entries
2years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2022-Q3 – FY2023-Q32022: 120222023: 42023
Same theme, other companies
Overseas Expansion and Downsizing of the IT Consulting BusinessA theme 3 companies write about · 0 as a headwind · 2 as a tailwind

0 other companies' latest entry also says "Achieved".

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Full recordFilings, disclosures and news, newest first
  1. FY2023AchievedAnnual report

    「The company withdrew from these overseas locations, whose weak revenue bases made them particularly vulnerable to the impact of COVID-19, through the sale of the relevant legal entities and businesses as of fiscal 2022.」

    The disclosure states that the withdrawal from overseas locations with weak revenue bases, including China and Vietnam, through the sale of the relevant legal entities and businesses has been completed.
  2. FY2023-Q3RestatedAnnual report

    「The overseas consulting service provides digital marketing consulting services, mainly in Taiwan. Revenue has declined year on year due to the sale of overseas locations and budget cuts by certain major advertisers, but」

    The sale of overseas locations continues to appear in the performance discussion for the overseas consulting service centered on Taiwan.
  3. FY2023-Q2RestatedAnnual report

    「Revenue has declined year on year due to the sale of overseas locations and other factors, but」

    The sale of overseas locations and other factors continues to appear in the performance discussion as an operating assumption that has already been implemented.
  4. FY2023-Q1RestatedAnnual report

    「The overseas consulting service provides digital marketing consulting services, mainly in Taiwan. Revenue has declined year on year due to the sale of overseas locations and other factors, but」

    The sale of overseas locations and other factors continues to appear in the performance discussion for the overseas consulting service as an operating assumption that has already been implemented.
  5. FY2022-Q3First statedAnnual report

    「The company planned to sell the legal entities and businesses at both its China and Vietnam locations during the fiscal year ending September 2022. The sale of the Chinese entity was completed as of the end of the third quarter, and the sale of the business at the Vietnam location was progressing toward completion within the current fiscal year.」

    The sale of the legal entity at the China location was completed as of the end of the third quarter. The sale of the business at the Vietnam location was a material subsequent event in this filing and was completed on 1 August 2022. The company cited the difficulty of generating synergies with its data solutions service and advertising platform as the reason for the sale.
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Narrowing and Focusing the Overseas Consulting Business Through a Sale | MicroAd,Inc. (9553) | Komori