Summary of 1st Half of Fiscal 2013
and Management Strategy

Mergers + Acquisitions

  • We have been actively utilizing M&A as a means to enhance our business foundation outside Japan. We made acquisitions in the first half of 2013 as listed in this slide.
  • In making investment decisions, we focus on three points:
    • Scale—that is, whether the investment can contribute to the expansion of our network;
    • Infill, which means whether it can lead to cross-selling with our existing network; and
    • Innovation, which refers to acquisition of new capabilities, including technology.
  • As a result, most of the companies we have acquired are related to the digital business. With this policy and strict investment criteria, we will continue to make aggressive investments.
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