Expansion of the Asia Commercial Chocolate Business through the Acquisition of GCB SPECIALTY CHOCOLATES
First written in FY2017-Q2. 1 of 3 entries say "Advanced", first in FY2017. Latest entry: FY2018-Q3.
No other company in this theme has enough history to compare yet.
- FY2018-Q3RestatedAnnual report
「In the “Confectionery and Bakery Ingredients” segment, GCB SPECIALTY CHOCOLATES SDN.BHD. has been included in the scope of consolidation since the second quarter of the current consolidated fiscal year following the acquisition of its shares. Goodwill arising from this transaction amounted to ¥190 million for the nine months ended the third quarter. The goodwill amount is provisional because the purchase price allocation has not yet been completed.」
The consolidation of GCB SPECIALTY CHOCOLATES as a subsidiary and the recognition of ¥190 million in goodwill related to the share acquisition have been confirmed, but no new acquisition measures are described. - FY2017AdvancedAnnual report
「On 1 August 2016, the share acquisition date, the company acquired shares in GCB SPECIALTY CHOCOLATES SDN.BHD., obtaining a 70.0% voting interest. The acquisition was completed because synergies are expected from the future expansion of the industrial chocolate business in Asia.」
The acquisition of GCB SPECIALTY CHOCOLATES was completed, and the company was incorporated into the Asian industrial chocolate business as a consolidated subsidiary in which the group holds a 70.0% interest. - FY2017-Q2First statedAnnual report
「GCB SPECIALTY CHOCOLATES SDN.BHD. is located near the group's oils and fats facilities, and the acquisition was completed because synergies are expected from the future expansion of the industrial chocolate business in Asia.」
The company has positioned Asia as a priority area and, by acquiring 70.0% of GCB SPECIALTY CHOCOLATES on 1 August 2016, has for the first time described specific measures to expand its industrial chocolate business and create synergies.