Establishment of Indonesian subsidiary PT HOKTO INDONESIA MATERIALS
First written in FY2023. 2 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2025.
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- FY2025AdvancedAnnual report
「As the price of corn cob meal, a raw material for mushroom growing media, has risen recently due in part to the weaker yen, PT HOKTO INDONESIA MATERIALS was established in Indonesia to secure a stable supply of raw materials, and began partial production of corn cob meal.」
The Indonesian subsidiary established in January 2023 began partial production of corn cob meal. Its operations since establishment have progressed toward securing a stable supply of raw materials. - FY2024AdvancedAnnual report
「From the current consolidated fiscal year, PT HOKTO INDONESIA MATERIALS, which was an unconsolidated subsidiary in the previous consolidated fiscal year, has been included in the scope of consolidation because its materiality has increased.」
The Indonesian subsidiary established in January 2023 was added to the scope of consolidation as its materiality increased. The business description states that it began partial production of corn cob meal. - FY2023First statedAnnual report
「January 2023: PT HOKTO INDONESIA MATERIALS was established in North Sumatra, Indonesia」
A subsidiary was established in North Sumatra, Indonesia, in January 2023. As of the fiscal year-end, it was an unconsolidated subsidiary and was excluded from the scope of consolidation because its materiality was insignificant.