Halal food business for Malaysia and Muslim markets
First written in FY2016. 1 of 4 entries say "Dropped", first in FY2017. Latest entry: FY2021-Q2.
No other company in this theme has enough history to compare yet.
- FY2021-Q2AchievedAnnual report
「During the second quarter of the current consolidated fiscal year, OMAKANE SDN.BHD., formerly an equity-method non-consolidated subsidiary, was removed from the scope of equity-method accounting following completion of its liquidation.」
OMAKANE SDN.BHD., which operated the Malaysian halal food business, progressed from undergoing liquidation to completing the liquidation and being removed from the scope of equity-method accounting. - FY2019AdvancedAnnual report
「OMAKANE SDN.BHD., an equity-method investee, was undergoing liquidation as of the end of the consolidated fiscal year.」
The joint venture responsible for the Malaysian halal food business, from which a decision had been made to withdraw, was undergoing liquidation. - FY2017DroppedAnnual report
「In Malaysia, we established OMAKANE SDN.BHD. in December 2010 as a joint venture with a local food manufacturer and worked to develop a retort sausage business. However, the business had not become profitable since its establishment. After repeatedly considering whether to continue the business, we decided to withdraw because we determined that there was no prospect of improving its performance, and recognized the losses expected to arise from the withdrawal.」
The Malaysian halal food business had not become profitable, and a decision was made to withdraw. - FY2016First statedAnnual report
「In Malaysia, with the aim of developing a halal food business for the domestic market and other Muslim markets, we established the joint venture OMAKANE SDN.BHD. with Malaysian food manufacturer OMCORP SDN.BHD. in December 2010 and have been developing the business. OMAKANE SDN.BHD. is an equity-method non-consolidated subsidiary.」
The halal food business in Malaysia and Muslim markets is being developed through a joint venture established in December 2010.