Making Nippon Payment Technology a Subsidiary
First written in FY2019-Q3. 3 of 11 entries say "Advanced", first in FY2019. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024AchievedAnnual report
「On 1 April 2024, the Company completed an absorption-type merger in which it was the surviving company and BBS Outsourcing Service Co., Ltd. was the absorbed company. On the same date, it completed an absorption-type merger in which it was the surviving company and 日本ペイメント・テクノロジー Co., Ltd. was the absorbed company.」
Following its acquisition of 日本ペイメント・テクノロジー and BBS Outsourcing Service, the Company absorbed both businesses through mergers effective 1 April 2024. - FY2022Disclosure of the acquired subsidiary's negative net worthAnnual report
「日本ペイメント・テクノロジー Co., Ltd. had negative net worth, amounting to ¥63.829 million as of 31 March 2022.」
The Company disclosed negative net worth of ¥63.829 million for 日本ペイメント・テクノロジー as a consolidated subsidiary following its acquisition. - FY2022-Q2AdvancedAnnual report
「The outsourcing business for global companies recorded higher orders and revenue than in the same quarter of the previous year. Profit also increased year on year, owing to higher revenue and the completion in the previous fiscal year of measures addressing unprofitable businesses and other issues.」
In the post-acquisition outsourcing business for global companies, measures addressing unprofitable businesses and other issues were completed in the previous fiscal year, and orders, revenue and profit exceeded the year-earlier period. - FY2022-Q1MitigatedAnnual report
「The outsourcing business for global companies recorded higher orders and revenue than in the same quarter of the previous year. Profit also increased year on year, owing to higher revenue and the completion in the previous fiscal year of measures addressing unprofitable businesses and other issues.」
The Company explained that, following the completion of measures addressing unprofitable businesses and other issues, orders, revenue and profit in the post-acquisition outsourcing business for global companies exceeded the year-earlier period. - FY2021-Q3MitigatedAnnual report
「However, the business became profitable in the third quarter of the current consolidated fiscal year because the provision did not result in any new losses and the effects of improvements to the business structure of the consolidated subsidiary acquired two years earlier have gradually begun to emerge.」
The Company explained that the effects of improvements to the business structure of the acquired consolidated subsidiary gradually emerged and that it became profitable in the third quarter. The outsourcing segment for global companies nevertheless remained loss-making on a cumulative basis. - FY2021-Q2Delay in improving the business structure of the acquired subsidiaryAnnual report
「The business deteriorated substantially year on year because improvements to the business structure of the consolidated subsidiary acquired two years earlier have been delayed.」
The delay in improving the business structure of the acquired consolidated subsidiary was identified as a factor behind deteriorating earnings in the BPO business. - FY2020-Q3RestatedAnnual report
「Revenue substantially exceeded the year-earlier period because revenue from a large order secured at the end of the previous fiscal year and revenue from the business-to-business payment services of 日本ペイメント・テクノロジー Co., Ltd., acquired in December last year, were added to the results.」
Following the acquisition of 日本ペイメント・テクノロジー, revenue from its business-to-business payment services continued to be incorporated into results as a factor behind higher revenue in outsourcing services for global companies. The same service was also identified as a factor contributing to the loss. - FY2020-Q2AdvancedAnnual report
「Revenue substantially exceeded the year-earlier period because revenue from a large order secured at the end of the previous fiscal year and revenue from the business-to-business payment services of 日本ペイメント・テクノロジー Co., Ltd., acquired in December last year, were added to the results.」
Following the acquisition of 日本ペイメント・テクノロジー, revenue from its business-to-business payment services was incorporated into results as a factor behind higher revenue in outsourcing services for global companies. The same service was also identified as a factor contributing to the loss. - FY2020-Q1Cited as achievedAnnual report
「Orders and revenue exceeded the year-earlier quarter due to the acquisition of a major customer in the previous fiscal year and the acquisition of a company in December last year.」
The December 2018 acquisition of 日本ペイメント・テクノロジー was cited as a factor behind increased orders and revenue in outsourcing services for global companies. - FY2019AdvancedAnnual report
「Office relocation expenses of ¥20 million, including losses on the cancellation of lease agreements, associated with relocating the head office of 日本ペイメント・テクノロジー Co., Ltd., acquired in December 2018, to the Hibiya area to improve costs and strengthen collaboration with other BBS Group companies」
Following the acquisition of 日本ペイメント・テクノロジー as a subsidiary, the Company relocated its head office to improve costs and strengthen collaboration across the Group. - FY2019-Q3First statedAnnual report
「日本ペイメント・テクノロジー Co., Ltd. became a consolidated subsidiary from the third quarter of the current consolidated fiscal year following the acquisition of its shares on 25 December 2018. As 31 December 2018 was treated as the deemed acquisition date, only its balance sheet has been consolidated, and the acquiree's results are not included in the quarterly consolidated statement of income and comprehensive income for the nine-month period of the current consolidated fiscal year.」
The Company acquired shares of 日本ペイメント・テクノロジー Co., Ltd. on 25 December 2018 and made it a consolidated subsidiary as part of the BPO business. The deemed acquisition date was 31 December 2018, so only its balance sheet has been consolidated for the quarter.