Search company, investor...
Search

Predict your next investment

Corporation
avantcorp.com

See what CB Insights has to offer

Investments

1

About Avant

Avant provides business applications for accounting, planning, and management.

Avant Headquarters Location

Shinagawa Intercity Tower B 13F 2-15-2, Konan, Minato-ku

Tokyo, 108-6113,

Japan

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Avant News

Avant : Convocation Notice of the 25th Annual General Meeting of Shareholders

Sep 8, 2022

08/17 09/08/2022 | 12:10am EDT Message : Notice of Convocation Place Matters to be resolved Proposal 2 Partial amendment to the Articles of Incorporation Proposal 3 Election of four Directors (excluding Directors who are members of Audit Committee) Proposal 4 Election of Three Directors as members of Audit Committee Proposal 5 To set the amount of remuneration for directors (excluding directors who are members of the Audit Committee) and to determine remuneration related to performance-linked stock compensation Proposal 6 To set the amount of remuneration for directors who are members of the Audit Committee AVANT Corporation (Security code: 3836) This is an unofficial translation. In case of any difference in meaning between the original Japanese text and the English translation, Japanese text shall prevail. To Our Shareholders We would like to thank our shareholders for their continued understanding and support of our company. We hereby present the Notice of the 26th Ordinary General Meeting of Shareholders. Founded in May 1997 as DIVA Corporation, we began by developing a system to produce consolidated accounting information, the basic language for companies to interact with their stakeholders, and as of May 2022, we celebrate our 25th anniversary. We would like to thank our shareholders for their support of the Group's development to date. The idea that "a company is a public institution of society" is the starting point of my business foundation. If a company is a public institution, we would like to contribute to society by helping many companies improve their "public power" using IT. This is the basic philosophy of the Avant Group, which is celebrating its 25th anniversary. What does it mean to improve the power of public institutions? The first is to determine the company's public power based on a variety of information, including financial as well as non-financial information, and to put a value on it. I call it "pricing". The other is "dialogue". By improving the quality of our creative dialogue with various stakeholders, we will hone our ability to identify and solve problems for the company's growth, and improve our public organ capabilities. This is the essence of "Spreading Accountability" that the Avant Group has been promoting, or to put it simply, "management DX. In order to become a group that contributes to the enhancement of corporate value through "Management DX," it is necessary to shift to a new organizational and governance structure. We ask for the understanding and support of our shareholders regarding our reorganization and transition to a company with an Audit Committee. On October 1, we will launch the New Avant Corporation Group. New Diva will be responsible for the "Consolidated Financial Disclosure DX" to promote creative disclosure. New Avant for "Management Information DX" to visualize corporate value. New Zeal is responsible for "DX of data utilization infrastructure" to accelerate data-driven management. These three companies aim to accelerate the growth of existing businesses and create new growth businesses. We would like to ask our shareholders to take care of their health and to continue to support the Avant Group. Tetsuji Morikawa, Avant Group's Philosophy and Materiality Based on the corporate philosophy of "creating a company that will last 100 years," all member of the Avant Group is striving to realize its founding mission of "spreading accountability." Our goal is to "Be Global". Our goal is to "Be Global," We will evolve into a world-class software company and contribute to the development of society and the economy. <VISION> <PHILOSOPHY> OPENVALUE STRETCH Values that support our corporate philosophy While pursuing growth opportunities in Japan, the Group aims to establish itself as a world- class software company, using world-class SaaS companies as benchmarks. Our group's corporate mission is to build a management information system that enables many companies to create sustainable corporate value for the future by realizing the "spreading accountability" and, by extension, to spread "best management" widely throughout society. The Group's corporate philosophy is to be a company that lasts 100 years as a result of all its members being passionate about providing value to society in a free and creative manner, passing on its transparency and management philosophy as a public institution from generation to generation. The following values are important to the employees of our group. OPEN: Based on an open spirit VALUE: Foster a passion for value creation STRETCH: Challenge to be the best ー Materiality (Strategy) of Avant Group ー Be a software company that helps increase corporate value ◆ Background ◆ Since its establishment, the Avant Group has been striving for the creation of high-quality management and employment with the mission of "spreading accountability. In particular, in the field of consolidated accounting systems that support consolidated management, the company has gained a high reputation in the market and has demonstrated an overwhelming presence. On the other hand, the business environment surrounding companies has changed drastically in recent years, and it has become important for management information to be used not only for operations and disclosure obligations, but also to enhance corporate value. The background to this is the expansion of ESG investment and society's demand for sustainable corporate management; there is no future for the Avant Group without adapting to these changing needs, and we cannot be useful to society and customers if we remain complacent about the status quo. To move to the next stage of growth, the most important task of the Avant Group is to "become a software company that helps increase corporate value. ◆ Strategic Approach ◆ The target customers for the promotion of this materiality are "any company that is expected to increase its corporate value. In response to these customers, we will shift the core business model of the Group to "software-based BPO that helps improve corporate value," and at the same time, we will develop killer software that support numerous customers. ◆ Our Goal ◆ The Avant Group aims to establish a world-class software business based on the concept of "Software as a BPO" by addressing this materiality. In order to contribute to the enhancement of corporate value of many customers, it is essential to convert services into software. By promoting the "spreading accountability" and becoming an entity that has an impact not only on corporate management but also on capital markets and society, we will take a big step toward realizing our vision of "becoming a world-class software company. -3- What we aim for in our mid-term management plan In September 2018, the Group formulated "BE GLOBAL 2023," a five-yearmedium-term management plan through the fiscal year ending June 30, 2023, with the goal of "becoming a world- class software company. Under the medium-term management plan "BE GLOBAL 2023," we are pursuing business development based on three key strategies: (1) pursuing further sales growth and high profitability through the collective strength of the Group, (2) M&A to accelerate growth, and (3) changing our business model. As KPIs to measure progress, we have set targets for net sales, stock sales ratio, operating income, sales growth rate + operating income ratio, ROE, and dividends. Progress of Medium-Term Management Plan Currently, "BE GLOBAL 2023" has approximately one year remaining. Looking back at progress to date, financial KPIs such as net sales, operating income, ROE, and dividends are generally at achievable levels. In January 2021, we entered into a capital and business alliance with Metapraxis in the U.K., making the company an equity-method affiliate. However, the transformation of the business model has not yielded significant results, as the development of software, the axis of future growth, has not been realized and the stock sales ratio is well below the target of 70%. FY19 15以上 For this reason, we began formulating the next medium-term management plan as early as the second half of 2021. Together with the Group management strategy executive team, we started by reconfirming the Group's management philosophy and summarized what the Group should do to realize its vision as the Avant Group's materiality (see page 3). Through discussions by the Group management strategy executive team and the Board of Directors on specific measures to realize this materiality, we have come to the conclusion that it would be effective to reorganize and implement the acceleration of growth in existing businesses and the creation of new growth businesses in separate organizations. The outline of the reorganization is as follows DIVA CORPORATION will enter into an absorption- type demerger agreement with FIELTE CORPORATION for the DivaSystem and related products development business, and with ZEAL CORPORATION for the corporate performance management ("CPM") for the system development business, respectively. DIVA CORPORATION will split its DivaSystem and related product development business to FIERTE CORPORATION, which will take over the CPM system development business of ZEAL CORPORATION, and further change its trade name to AVANT CORPORATION. FIERTE CORPORATION will take over the business of -4- developing DivaSystem and related products from DIVA CORPORATION and change its name to DIVA CORPORATION. The holding company overseeing the execution of the group's strategy, AVANT CORPORATION will change its name to AVANT GROUP CORPORATION. Taking advantage of this reorganization, we have also concluded that it is appropriate to shift to a company with an audit committee system in order to realize prompt and decisive management decision-making and execution under the appropriate supervision of the Board of Directors by enabling the Board of Directors to broadly delegate its authority to make business execution decisions to the directors. (Present)

Avant Investments

1 Investments

Avant has made 1 investments. Their latest investment was in Metapraxis as part of their Corporate Minority on January 1, 2021.

CBI Logo

Avant Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/29/2021

Corporate Minority

Metapraxis

Yes

1

Date

1/29/2021

Round

Corporate Minority

Company

Metapraxis

Amount

New?

Yes

Co-Investors

Sources

1

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.