Business integration of 伊藤ハム and 米久 and establishment of a joint holding company
First written in FY2017-Q1. 6 of 10 entries say "Restated". Latest entry: FY2024.
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- FY2024AdvancedAnnual report
「In addition, effective 1 April 2023, we entered into separate management services agreements with 伊藤ハム販売株式会社 and 23 other consolidated subsidiaries concerning management and administrative services for each company.」
The disclosure states that, following the group reorganization effective 1 April 2023, new management services agreements were entered into with 23 companies, including 伊藤ハム販売株式会社. - FY2024-Q1AdvancedAnnual report
「The principal elements of the reorganization were a company split between the company and its 100%-owned subsidiaries (Transaction A), and company splits between the company's 100%-owned subsidiaries (Transactions B and C).」
The disclosure states that a group-wide organizational restructuring, with 1 April 2023 as the business combination date, was carried out using company splits. The reorganization of the group structure following the business integration progressed from the planning stage to implementation. - FY2023AdvancedAnnual report
「Integrate and consolidate the strategy and procurement functions of the processed foods business into the company.」
As a key initiative for fiscal 2022, the disclosure states that the strategy and procurement functions of the processed foods business were integrated and consolidated within the holding company. - FY2022RestatedAnnual report
「Maximize the benefits of the integration by building an efficient and competitive business execution structure and organizational framework.」
The group stated its policy of maximizing integration benefits through organizational restructuring and the integration of functions from fiscal 2021 onward, while continuing group-wide operations following the business integration. - FY2018RestatedAnnual report
「Although the business environment surrounding our group remains difficult, as we enter the third year following the business integration, we will further reinforce a group-wide optimization perspective.」
In the third year following the business integration, the group continued to state its policy of rigorously pursuing optimization across the group. - FY2018-Q1RestatedAnnual report
「Our group entered its second year since being established through the business integration of 伊藤ハム株式会社 and 米久株式会社, and is continuing its initiatives based on the Medium-Term Management Plan 2020 announced last November.」
The group entered its second year following the business integration and continued post-integration operations and initiatives under the medium-term management plan. - FY2017RestatedAnnual report
「The company was established on 1 April 2016 through a joint share transfer as the wholly owning parent company of 伊藤ハム株式会社 and 米久株式会社.」
The annual report also confirms the establishment of the joint holding company through a joint share transfer and the integrated structure under which both companies are wholly owned subsidiaries. - FY2017-Q3RestatedAnnual report
「The company was established on 1 April 2016 through a joint share transfer as the wholly owning parent company of 伊藤ハム株式会社 and 米久株式会社.」
The disclosure continues to describe the establishment of the wholly owning parent company through a joint share transfer and the integrated structure under which both companies are subsidiaries. - FY2017-Q2RestatedAnnual report
「On 1 April 2016, our group completed a business integration through a joint share transfer. While expanding the scale of our operations, we are bringing together the strengths of both companies to create synergies and, as one group, working toward sustainable growth and enhanced corporate value.」
The disclosure continues to describe the business integration through the joint holding company and initiatives following the integration. - FY2017-Q1First statedAnnual report
「On 1 April 2016, our group completed a business integration through a joint share transfer. While expanding the scale of our operations, we are bringing together the strengths of both companies to create synergies and, as one group, working toward sustainable growth and enhanced corporate value.」
This is the first disclosure stating that the company was established through a joint share transfer on 1 April 2016 as the wholly owning parent company of 伊藤ハム株式会社 and 米久株式会社.