April 04, 2016
Accenture to Acquire Majority Stake in IMJ to Expand its Digital Capabilities in Japan
IMJ Provides Comprehensive Digital Marketing Services to Leading Brands in Japan
NEW YORK and TOKYO; April 5, 2016 – Accenture (NYSE: ACN) is expanding its digital capabilities in Japan by acquiring a majority stake in IMJ Corporation (IMJ), a full-service digital agency. The acquisition, once completed, will enhance the capabilities of Accenture Interactive in the local market, bringing together leading edge creativity, deep knowledge in advanced digital technology and consulting capabilities from Accenture and IMJ to provide seamless end-to-end digital marketing services.
The acquisition is subject to regulatory approval and customary closing conditions. Upon completion of the transaction, Accenture will establish a combined management structure with IMJ. Financial terms are not being disclosed.
Founded in 1996, IMJ currently has approximately 600 employees and is one of Japan’s leading digital agencies. It provides a wide range of digital marketing services, including strategy, content design and development, customer acquisition, campaign management and data and analytics. Utilizing its marketing mix optimization offering and creative talents, the agency specializes in helping clients in the consumer goods, beverage, automotive, telecommunications, financial services, entertainment and retail industries grow their businesses.
“Acquiring a majority stake in IMJ provides us with enhanced capabilities to deliver digital services in this dynamic market,” said Atsushi Egawa, country managing director at Accenture Japan. “What attracted us to IMJ is their know-how and deep insights into the evolving needs of Japanese consumers, and their ability to drive ROI in web and mobile integration for leading brands. Through this acquisition, we will combine Accenture Interactive and IMJ capabilities into a unified go-to-market offering that delivers an even deeper and broader set of digital solutions to clients.”
“Our corporate vision of ‘enriching the consumer experience through the power of digital’ aligns with Accenture’s mission to transform clients through the power of digital,” said Shinji Takeuchi, president and chief executive officer of IMJ. “By combining Accenture Interactive’s comprehensive suite of digital marketing services with IMJ’s digital expertise that has evolved from 20 years of web integration experience, we can provide leading edge user experiences to help local and global companies better compete in this fast-growing market.”
Accenture Interactive offers a full suite of integrated digital marketing services, from experience design to marketing, content and commerce, focused on the digital customer agenda. It partners with leading brands to create engaging customer experiences with transformative results. Accenture Interactive was named a Leader in The Forrester Wave™: Digital Experience Service Providers (Q4 2015) and is one of the three largest worldwide digital agencies according to Ad Age.
About IMJ Corporation
With extensive knowledge and experience in strategic planning, data analytics and web integration services in the digital marketing field, IMJ provides a wide range of one-stop digital marketing services and solutions to realize the company’s vision of “enriching the consumer experience through the power of digital.”
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 373,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. These include, without limitation, risks that: the company and Culture Convenience Club Co.,Ltd., a parent company of IMJ, will not be able to close the transaction in the time period anticipated, or at all, which is dependent on the parties’ ability to satisfy certain closing conditions; the transaction might not achieve the anticipated benefits for the company; the company’s results of operations could be adversely affected by volatile, negative or uncertain economic conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; the company’s business depends on generating and maintaining ongoing, profitable client demand for the company’s services and solutions, and a significant reduction in such demand could materially affect the company’s results of operations; if the company is unable to keep its supply of skills and resources in balance with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; the markets in which the company competes are highly competitive, and the company might not be able to compete effectively; the company could have liability or the company’s reputation could be damaged if the company fails to protect client and/or company data or information systems as obligated by law or contract or if the company’s information systems are breached; the company’s results of operations and ability to grow could be materially negatively affected if the company cannot adapt and expand its services and solutions in response to ongoing changes in technology and offerings by new entrants; the company’s results of operations could materially suffer if the company is not able to obtain sufficient pricing to enable it to meet its profitability expectations; if the company does not accurately anticipate the cost, risk and complexity of performing its work or if the third parties upon whom it relies do not meet their commitments, then the company’s contracts could have delivery inefficiencies and be less profitable than expected or unprofitable; the company’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; the company’s profitability could suffer if its cost-management strategies are unsuccessful, and the company may not be able to improve its profitability through improvements to cost-management to the degree it has done in the past; the company’s business could be materially adversely affected if the company incurs legal liability; the company’s work with government clients exposes the company to additional risks inherent in the government contracting environment; the company might not be successful at identifying, acquiring or integrating businesses, entering into joint ventures or divesting businesses; the company’s Global Delivery Network is increasingly concentrated in India and the Philippines, which may expose it to operational risks; changes in the company’s level of taxes, as well as audits, investigations and tax proceedings, or changes in the company’s treatment as an Irish company, could have a material adverse effect on the company’s results of operations and financial condition; as a result of the company’s geographically diverse operations and its growth strategy to continue geographic expansion, the company is more susceptible to certain risks; adverse changes to the company’s relationships with key alliance partners or in the business of its key alliance partners could adversely affect the company’s results of operations; the company’s services or solutions could infringe upon the intellectual property rights of others or the company might lose its ability to utilize the intellectual property of others; if the company is unable to protect its intellectual property rights from unauthorized use or infringement by third parties, its business could be adversely affected; the company’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if the company is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; any changes to the estimates and assumptions that the company makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; many of the company’s contracts include payments that link some of its fees to the attainment of performance or business targets and/or require the company to meet specific service levels, which could increase the variability of the company’s revenues and impact its margins; if the company is unable to collect its receivables or unbilled services, the company’s results of operations, financial condition and cash flows could be adversely affected; the company’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; the company may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent annual report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.
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