Strengthening CAD/PDM Systems Through the Acquisition of ㈱フレスコ as a Subsidiary
First written in FY2024-Q3. 2 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2025-H1.
2 other companies' latest entry also says "Advanced".
- FY2025-H1AdvancedAnnual report
「Because the allocation of the purchase price for 株式会社フレスコ, acquired by the Company on 16 November 2023, had not been completed at the end of the previous consolidated fiscal year, provisional accounting treatment was applied. The purchase price allocation was completed during the current interim consolidated accounting period.」
For the acquisition of フレスコ, the previously provisional purchase price allocation was completed during the interim consolidated accounting period, advancing the business combination accounting process. - FY2024AdvancedAnnual report
「In the PLM support solutions business, revenue increased due to a ¥181 million contribution from the acquisition of (株)フレスコ, despite a decline in revenue caused by underperforming projects in the existing business.」
The creation of a フレスコ subsidiary contributed ¥181 million to PLM support solutions revenue, and the acquisition's effects are reflected in the current fiscal year's results. - FY2024-Q3First statedAnnual report
「Name of acquired company: 株式会社フレスコ Description of business: Development and implementation of CAD/PDM systems Acquisition date: 16 November 2023 Percentage of voting equity interest acquired: 85%」
On 16 November 2023, the Company acquired 85% of the voting equity interest in フレスコ and made it a subsidiary. The acquisition brings in capabilities for developing and implementing CAD/PDM systems and is described as a measure to deepen the BBS cycle and promote DX initiatives.