Improving production efficiency and expanding the business scale through the acquisition of Meiji Kenko Ham Co., Ltd.
First written in FY2020-Q3. 1 of 3 entries say "Advanced", first in FY2020. Latest entry: FY2022.
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- FY2022AchievedAnnual report
「Transfer of Yonekyu Kenko Ham Co., Ltd.'s business to Yonekyu Co., Ltd. and liquidation」
Regarding Yonekyu Kenko Ham Co., Ltd. after the acquisition of Meiji Kenko Ham, it confirms in the corporate history and notes that the business was transferred to Yonekyu Co., Ltd. and the company was liquidated in March 2021. - FY2020AdvancedAnnual report
「The name was changed from Meiji Kenko Ham Co., Ltd. to Yonekyu Kenko Ham Co., Ltd. effective 1 April 2020.」
It states that, after Meiji Kenko Ham Co., Ltd. became a wholly owned subsidiary, its name was changed to Yonekyu Kenko Ham Co., Ltd. effective 1 April 2020, indicating that post-acquisition integration into the Group is proceeding. - FY2020-Q3First statedAnnual report
「Meiji Kenko Ham Co., Ltd. has a manufacturing facility in Mishima, Shizuoka Prefecture, adjacent to Yonekyu Co., Ltd.'s main plant, and production efficiency is expected to improve through mutual synergies. The company also has a development structure capable of meeting diverse needs and produces distinctive ham and sausages. We believe that using the Group's sales channels will enable further business expansion.」
On 2 December 2019, Yonekyu Co., Ltd. acquired all shares of Meiji Kenko Ham Co., Ltd., making it a wholly owned subsidiary with a 100% voting-rights ratio. The stated reasons for the acquisition were improved production efficiency through its proximity to Yonekyu's main plant, use of its development structure to meet diverse needs, and business expansion through the Group's sales channels.