Acquisition of To-chiku's egg production and sales business from Ise Foods
First written in FY2022-Q3. 1 of 2 entries say "Dropped", first in FY2022. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022DroppedAnnual report
「After reassessing the viability of the business based on the extent of damage to Torchik-related assets and determining that the originally anticipated business viability could not be secured, we asked both companies to terminate the business transfer agreement. In response, we received notices of termination from both companies dated 18 April 2022 and resolved at the Board of Directors meeting held on 19 April 2022 to accept them. From fiscal 2022 onward, the approximately ¥1.5 billion increase in revenue expected from the acquisition will no longer materialize as a result of the termination notices.」
The business acquisition agreement with Torchik and Ise Foods was terminated following heavy-snow damage to the target assets and a reassessment of the business's viability. The expected revenue increase of approximately ¥1.5 billion has also been eliminated. - FY2022-Q3First statedAnnual report
「株式会社トーチク, which is being acquired in this transaction, manufactures distinctive egg products in Hokkaido and sells them through イセ食品株式会社. We decided to acquire the business to strengthen our production and sales infrastructure in Hokkaido, reduce costs through sales synergies, and establish a structure capable of responding flexibly to the diverse needs of customers. Business combination date: 1 April 2022 (予定) / Approx. ¥500 million」
On 8 January 2022, the company entered into an agreement to acquire the Hokkaido egg production business of 株式会社トーチク and the sales business of イセ食品株式会社. The scheduled date was 1 April 2022, and the acquisition cost was approximately ¥500 million. The objectives were to strengthen the production and sales infrastructure in Hokkaido, reduce costs through sales synergies, and address diverse customer needs.