VALUECOMMERCE CO., LTD. Supplementary explanation
Notice Concerning Acquisition of New Company (becoming our consolidated subsidiary)
November 27, 2019
Copyright © 2019 , ValueCommerce Co., Ltd.
Table of Contents
● Scheme Overview | 2 |
● About B-SLASH Corporation | 3 |
● Purpose of Acquisition | 6 |
● Impact to Consolidated Operating Results | 8 |
● Schedule | 10 |
Copyright © 2019, ValueCommerce Co., Ltd. | 1 |
Scheme Overview
ValueCommerce Co., Ltd. announced that the meeting of its Board of Directors held on November 27, 2019 resolved to be transferred all shares of B-SLASH Corporation
- from Yahoo Japan Corporation, and B-SLASH Corporation will become a consolidated subsidiary of ValueCommerce.
With this acquisition, ValueCommerce starts to provide Apps Market Business (APM Business) for stores on Yahoo!Shopping.
*New company is to be incorporated as incorporation-type company split by Commerce21 Corporation, 100% subsidiary of Yahoo Japan Corporation.
(Incorporation-type company split) | (After acquisition) |
Z HOLDINGS CO.,LTD | Z HOLDINGS CO.,LTD | Z HOLDINGS CO.,LTD | ||
Yahoo Japan | Yahoo Japan | Yahoo Japan | VALUECOMMERCE | |
Corporation | Corporation | Corporation | ||
Commerce21 | Commerce21 | (NEW) | Commerce21 | (NEW) |
Corporation | Corporation | B-SLASH | Corporation | B-SLASH |
SI Business | SI Business | Corporation | SI Business | Corporation |
APM Business | APM Business | APM Business | ||
Copyright © 2019, ValueCommerce Co., Ltd. | 2 |
About B-SLASH Corporation
Copyright © 2019, ValueCommerce Co., Ltd. | 3 |
Company Overview (Planned)
Company Name | ： B-SLASH Corporation | |
Representative | ： Yoshimasa Kasuya, | |
Representative Director, President | ||
Year of Foundation | ： January 14, 2020 | |
Number of Employee | ： | About 30 employees |
Business Content | ： | Apps Market Business (APM Business) for stores |
on Yahoo!Shopping | ||
Capital | ： 10 million yen | |
(Reference) Operating Forecast from Jan. 1 to Dec. 31, 2019
Revenue :465 million yen
Operating income : 275 million yen
(Note) The figures above are calculated on a proforma basis for stock valuation based on information currently available to the company and on certain assumptions we deem reasonable.
Copyright © 2019, ValueCommerce Co., Ltd. | 4 |
Service Overview
Apps Market Business (APM Business) for stores on Yahoo!Shopping.
Customer Attraction | Sales Promotion | Purchase | |||||||||||||||||||||||||||||||
Yahoo!Shopping | Top page of store | Store page | Cart | ||||||||||||||||||||||||||||||
Triple* | B-Space | |||||
File storage | Web-page | |||||
service with | decoration tool | |||||
re-direct feature | easily installed | |||||
- Yahoo Japan Corporation provides store "Triple" and B-SLASH Corporation provides Yahoo Japan Corporation sales support/ customer service and is responsible for operational function as an agency.
Copyright © 2019, ValueCommerce Co., Ltd. | 5 |
Purpose of Acquisition
Copyright © 2019, ValueCommerce Co., Ltd. | 6 |
Purpose of Acquisition
- Focusing strongly growing Yahoo's Shopping business as our important domain,
strengthening services for stores on Yahoo!Shopping
- Maximize business synergy early with speedy business decision-making
- Improve group sales efficiency by sharing sales structure
- Develop new solution by merging both companies' know-hows of customer attraction/sales promotion cultivated with services for stores on Yahoo!Shopping.
Copyright © 2019, ValueCommerce Co., Ltd. | 7 |
Impact to
Consolidated Operating Results
Copyright © 2019, ValueCommerce Co., Ltd. | 8 |
Impact to consolidated operating results
The impact on | : 8 million yen of advisory fees, etc. will be | |||
consolidated operating | accounted in FY2019Q4 | |||
results for the fiscal year | ||||
ending December 31, 2019 | ||||
When to be consolidated | : | - | As of the date of shares transferred | |
(Planned in January 24, 2020) | ||||
- | Account B-SLASH profit/loss after | |||
FY2020Q1 (Planned) | ||||
Acquisition cost | : | Shares of B-SLASH | 800 million yen | |
Advisory fees, etc. (Estimate) | 8 million yen | |||
Total (Estimate) | 808 million yen | |||
Goodwill to be generated | : | About 483 million yen (5-year amortization) | ||
Goodwill amortization | : About 96 million yen (Full-year) | |||
expense accounted in | ||||
FY2020 | ||||
Copyright © 2019, ValueCommerce Co., Ltd. | 9 |
Schedule
Copyright © 2019, ValueCommerce Co., Ltd. | 10 |
Schedule
Resolution of the meeting of its ： November 27, 2019 Board of Directors
Conclusion of contract | ： | November 27, 2019 |
Effective date of incorporated- | ： January 14, 2020 | |
type company split | (Planned) | |
Transfer of shares | ： | January 24, 2020 |
(Planned) | ||
Start of new business | ： | January 27, 2020 |
(Planned) | ||
Copyright © 2019, ValueCommerce Co., Ltd. | 11 |
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Disclaimer
ValueCommerce Co. Ltd. published this content on 27 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 November 2019 07:17:09 UTC
