Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Fintech»Digital Garage Q1/FY2024 Earnings | by Norbert Gehrke | Tokyo FinTech | Aug, 2024
    Fintech

    Digital Garage Q1/FY2024 Earnings | by Norbert Gehrke | Tokyo FinTech | Aug, 2024

    August 11, 20242 Mins Read


    Norbert Gehrke

    Tokyo FinTech

    Digital Garage was always of special interest to us, as the famous Joi Ito is one of the co-founders, and became even more so when activist investor Oasis Management threw down the gauntlet at the end of 2022, proposing “A better DG”.

    To recap, Oasis was proposing that Digital Garage should:

    1. Spin-off the Financial Technology and Marketing Technology segments to create DG Financial Technology, expanding the payment service provider business;
    2. Operate the remaining business as DG Investments, expanding startup and venture capital investments; and
    3. Divest its shares of Kakaku.com, Inc. (“Kakaku”).
    Digital Garage Group, segments, and group companies

    In response, Digital Garage continued with its strategy “DG FinTech Shift”, which combines the Digital Garage Group’s three largest assets in Japan: “Payment Platform,” “Media Business,” and “Overseas Investment Business” based on the purpose of “Designing ‘New Context’ for a sustainable society with technology.”

    Instead of divesting Kakaku.com, like Oasis suggested, Digital Garage doubled down on the restaurant website, and aims to ride the foreign tourist boom for its growth.

    To illustrate how this strategy has worked out to date, the graph from Yahoo! Finance above shows the performance of the Nikkei 225 and Digital Garage since December 1, 2022, with the former appreciating by 26% over this term, and the latter giving up 33%. Little surprise then that some call Digital Garage’s board “dysfunctional”. So when you read the earnings report, please keep this in the back of your mind.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Revolut, la fintech britannique, en discussions pour une levée de fonds à une valorisation de 65 milliards de dollars, selon le FT

    Fintech

    Cauri Money entre sur le marché camerounais du paiement numérique

    Fintech

    Catalyst Partners finalise deux acquisitions dans la fintech et les services non bancaires

    Fintech

    Enedger couple l’IA à la blockchain pour réduire la fraude à la rénovation

    Fintech

    La fintech brésilienne XP poursuit le vendeur à découvert Grizzly Research à New York pour diffamation

    Fintech

    Deux ans après sa levée de fonds, Dougs est en pleine croissance

    Fintech
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Free residential training programme on agricultural entrepreneurship

    Osiane 2025.Fintech : les solutions innovantes de la plateforme PayRem Group

    Precious Metal

    Hereaus buys Canada’s precious metals leader • Recycling International

    Editors Picks

    Transforming the Future of Online Payments

    May 23, 2025

    Pakistan’s Bold Step Towards A Digital Currency Future

    July 9, 2025

    Kineden Commodities séduit les investisseurs internationaux

    November 30, 2023

    Warren Buffett’s Best And Worst Investments: The Key Moves That Shaped His Legendary Career

    May 4, 2025
    What's Hot

    The big leagues of property investing 

    March 29, 2025

    le salut de l’intelligence artificielle couplée à la blockchain ?

    June 20, 2025

    L’attractivité de la tech pourrait être redéfinie à moyen terme

    March 11, 2025
    Our Picks

    European markets up as Trump suggests Chinese tariff exemption might be short-lived

    April 14, 2025

    La néobanque allemande N26 fait son entrée dans les télécoms

    May 7, 2025

    Italian Entrepreneur Alessio Ippolito Drives Cryptocurrency Discourse with Criptovaluta.it

    March 20, 2025
    Weekly Top

    This 6.1% Monthly Dividend Stock is a Cash Flow Machine

    July 9, 2025

    Pakistan plans digital currency pilot

    July 9, 2025

    RBA pushes ahead with stablecoin and digital currency trials — Capital Brief

    July 9, 2025
    Editor's Pick

    What Is a Central Bank Digital Currency (CBDC)? | Crypto Data Space

    July 9, 2025

    Pennylane lève 75 millions d’euros pour devenir un acteur clé de la facturation électronique – Fintech & Neobanques > Start-up

    April 7, 2025

    Bristol-Myers Squibb Reports On 7/26

    July 17, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.