Strengthening the North American industrial chocolate business through the acquisition of Blommer Chocolate Company
First written in FY2019-Q3. 8 of 23 entries say "Advanced", first in FY2020-Q1. Latest entry: 2026-11-10.
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- 2026-11-10RestatedResults
「業務用チョコレート事業におけるBlommer Chocolate Company, LLC（米国、以下「Blommer」）でのカカオ豆価格の下落に伴う販売価格の下落により減収となりました。事業利益は、Blommerでのカカオ豆関連費用の減少、ブラジルやアジアでのコンパウンドチョコレートの堅調な需要、並びに大豆加工素材事業における販売数量の増加により増益となりました。」
Blommerは販売価格下落により減収となった一方、カカオ豆関連費用の減少により事業利益が改善しており、既存の収益改善の進展を再確認している。 - FY2027-H1AdvancedAnnual report
「Business profit increased due to lower cocoa bean-related costs at Blommer and firm demand for compound chocolate in Brazil and Asia.」
At Blommer, business profit improved as cocoa bean-related costs declined, while demand for compound chocolate remained firm in Brazil and Asia. Business profit in the industrial chocolate business improved from a loss in the same period of the previous year to ¥4,776 million. - FY2026Loss improvement and impairment occurring concurrently during structural reformsAnnual report
「At Blommer Chocolate Company, LLC (US; hereinafter, “Blommer”), sales volume declined, but the loss improved due to lower cocoa bean-related costs.」
Although the loss at Blommer improved due to lower cocoa bean-related costs, the company also recorded a goodwill impairment loss because results diverged from the business plan amid sluggish demand and higher fixed costs. - FY2026-H1AdvancedAnnual report
「Business profit increased due to lower cocoa bean-related costs at Blommer Chocolate Company, LLC (US; hereinafter, “Blommer”).」
Although sales volume declined at Blommer, the industrial chocolate business's loss improved due to lower cocoa bean-related costs, indicating progress in earnings improvement. - FY2025Structural reform benefits coexisting with an operating lossAnnual report
「Blommer Chocolate Company, LLC (U.S.; hereinafter, “Blommer”) is implementing the structural reform program announced on 22 March 2024, and the effects of fixed-cost reductions are beginning to emerge. However, deteriorating profitability due to higher procurement prices for cocoa beans, the principal raw material, and increased related expenses resulted in an operating loss for the current consolidated fiscal year.」
Blommer's structural reforms advanced to the stage where fixed-cost reduction benefits began to emerge, while the industrial chocolate business recorded an operating loss of ¥15,833 million due to higher cocoa bean prices and other factors. - FY2025-H1AdvancedAnnual report
「Blommer Chocolate Company (U.S.; hereinafter, “Blommer”) is implementing the structural reforms announced on 22 March 2024, and the reforms are generating fixed-cost savings. However, profitability temporarily deteriorated due to higher procurement prices for cocoa beans, its principal raw material, and increased related costs, resulting in an operating loss for the current interim consolidated accounting period.」
Blommer's structural reforms have moved into the implementation phase, with fixed-cost reductions beginning to take effect. However, the industrial chocolate business recorded an operating loss due to higher cocoa bean procurement costs and other factors. - FY2024-Q3Higher revenue, operating loss and impairment lossesAnnual report
「Revenue increased due to higher selling prices accompanying the rise in raw material prices, higher sales volume in Brazil and Europe, and the weaker yen, among other factors. Although sales recovered in Japan and Europe in the souvenir market and profitability improved following price revisions in Southeast Asia, operating profit declined due to lower sales volume amid stagnant demand in the US confectionery market, higher fixed costs including labor expenses, and lower profitability resulting from soaring raw material prices.」
The industrial chocolate business reported revenue of ¥186,752 million, up 11.5% year on year, while operating profit was negative ¥266 million, down 106.5%, resulting in a return to an operating loss. Blommer also recorded goodwill amortization and impairment losses on fixed assets. - FY2024-Q2Revenue growth and a sharp profit declineAnnual report
「Revenue increased due to higher selling prices accompanying the rise in raw material prices, higher sales volume resulting from stronger promotional activities in Brazil, and the weaker yen, among other factors. Although sales recovered in Japan and Europe in the souvenir market and profitability improved following price revisions in Southeast Asia, operating profit declined due to higher labor and repair costs and other expenses in the US, as well as lower sales volume amid stagnant demand in the confectionery market.」
The industrial chocolate business reported revenue of ¥116,611 million and operating profit of ¥691 million, representing a 10.5% year-on-year increase in revenue and a 73.9% decline in operating profit. - FY2024-Q1Revenue growth and a sharp profit declineAnnual report
「Revenue increased due to higher selling prices accompanying the rise in raw material prices, higher sales volume resulting from stronger promotional activities in Brazil, and the weaker yen, among other factors. Although sales volume recovered in Japan and Europe in the souvenir market and in Brazil in the foodservice market, operating profit declined due to lower sales volume amid the economic slowdown in the US and higher manufacturing costs.」
The industrial chocolate business reported higher revenue due to higher selling prices, stronger promotional activities in Brazil and the weaker yen, while operating profit fell 58.7% year on year due to lower sales volume amid the US economic slowdown and higher manufacturing costs. - FY2022AdvancedAnnual report
「In the Americas, despite the impact of labor shortages and supply chain disruptions, the company pursued measures to stabilize production and aggressively expand sales. Growth investments included the start-up of a new plant for the US plant-based fats and oils business and productivity improvements at Blommer Chocolate Company」
Blommer has entered the phase of implementing productivity improvements and continues to pursue specific measures to monetize the acquisition and improve production efficiency. - FY2022-Q2Slight profit decline due to higher sales volumes and the disappearance of futures gainsAnnual report
「Sales increased substantially due to higher sales volumes and other factors. Although higher sales volumes had a positive impact on profit, profit declined slightly due to the disappearance of the futures gains recognized by Blommer Chocolate Company in the same period of the previous year.」
The industrial chocolate business reported higher revenue on increased sales volume, while operating profit fell 0.9% year on year as gains on Blommer futures recorded in the same period of the previous year dropped out. - FY2022-Q1Revenue growth from a recovery in sales and lower profit due to the disappearance of futures gainsAnnual report
「Sales increased substantially due to the recovery in sales volumes and other factors. Although the recovery in sales volumes had a positive impact on profit, profit declined due to the disappearance of the futures gains recognized by Blommer Chocolate Company in the same period of the previous year.」
The industrial chocolate business reported higher sales due to a recovery in sales volumes, but lower profit due to the disappearance of Blommer’s futures gains recognized in the same period of the previous year. - FY2021WorsenedAnnual report
「Challenges remain in monetizing companies newly brought under the Group’s umbrella and existing companies, particularly improving production efficiency.」
For the industrial chocolate business, including Blommer, monetization following the acquisition and improvements in production efficiency remain ongoing challenges. - FY2021-Q3The decline in sales exceeded futures valuation gainsAnnual report
「Although Blommer Chocolate Company recognized futures valuation gains, they were insufficient to offset the decline in profit caused by lower sales in other regions, resulting in lower profit.」
Although Blommer recognized futures valuation gains, they were insufficient to offset the decline in profit caused by lower sales in other regions, including the Americas and Brazil, resulting in lower profit in the industrial chocolate business. - FY2021-Q2Contribution to profit growth from futures valuation gainsAnnual report
「Although profit declined in both domestic and overseas markets due to lower sales, profit increased because Blommer Chocolate Company recognized futures valuation gains.」
Although the industrial chocolate business was affected by lower sales, operating profit increased 15.4% year on year due to the recognition of futures valuation gains at Blommer. - FY2021-Q1Offsetting the impact of lower profit from the reversal of futures valuation gainsAnnual report
「In particular, as part of strengthening our core competencies, Blommer Chocolate Company, which we acquired to focus on the industrial chocolate business, recorded substantial futures valuation gains during the first quarter of the current consolidated fiscal year. These gains significantly offset the decline in Group profit caused by the cooling of domestic and overseas markets due to COVID-19. Going forward, we will work to realize Group synergies and capture demand in growth markets.」
In the industrial chocolate business following the Blommer acquisition, sales declined as markets weakened due to COVID-19, while substantial futures valuation gains offset the decline in profit. - FY2020Post-investment monetization challenges identifiedAnnual report
「We have actively invested in the industrial chocolate business to strengthen our core competencies, but recognize that generating greater cash flow from this business going forward is a challenge.」
After investing in the industrial chocolate business, including the Blommer acquisition, the Company identified generating greater cash flow as its next challenge. - FY2020-Q3AdvancedAnnual report
「The business combination with Blommer Chocolate Company completed on 28 January 2019 had been accounted for provisionally as of the end of the previous consolidated fiscal year, but was finalized during the third quarter of the current consolidated accounting period. As a result, the amount of goodwill in the Industrial Chocolate Business decreased. Goodwill before adjustment: ¥43,374 million; total adjustment: ¥△20,003 million; goodwill after adjustment: ¥23,371 million.」
The provisional purchase price allocation related to the Blommer acquisition was finalized in the third quarter, and goodwill was revised from ¥43,374 million to ¥23,371 million. - FY2020-Q2Revenue growth from the Blommer consolidation and a decline in profit due to the reversal of valuation gainsAnnual report
「Although sales of ice cream chocolate and other products declined in the domestic market, overseas sales increased substantially following the acquisition of Blommer Chocolate Company in the United States. Profit declined due to the reversal of the strong performance in Brazil in the same period of the previous year, as well as the reversal of futures valuation gains recognized upon the acquisition of Blommer Chocolate Company. As a result, sales in this business were ¥84,391 million, up 146.9% year on year, while segment profit (operating profit) was ¥2,382 million, down 45.7% year on year.」
In the industrial chocolate business following the Blommer acquisition, sales increased 146.9% year on year, while segment profit declined 45.7% due to factors including the reversal of futures valuation gains recognized upon the acquisition. - FY2020-Q1AdvancedAnnual report
「Although sales of ice cream chocolate and other products declined in the domestic market, overseas sales increased substantially following the consolidation of Blommer Chocolate Company in the United States. Profit in the domestic market declined due to lower sales, while overseas profit declined in Brazil due to the reversal of the strong performance in the same period of the previous year, as well as the reversal of futures valuation gains recognized upon the acquisition of Blommer Chocolate Company. As a result, sales in this business were ¥40,769 million, up 109.5% year on year, while segment profit (operating profit) was ¥1,006 million, down 68.7% year on year.」
In the industrial chocolate business following the Blommer acquisition, sales increased 109.5% year on year through consolidation of the company, while segment profit declined 68.7% due to factors including the reversal of futures valuation gains recognized upon the acquisition. - FY2019-Q3First statedAnnual report
「On 19 November 2018, the Company entered into a merger agreement to acquire all shares of Blommer Chocolate Company, a U.S. industrial chocolate manufacturer, and make it a wholly owned subsidiary through a reverse triangular merger, with Blommer Chocolate Company as the surviving company and Aztec Sub Inc., a U.S. subsidiary established by the Company for the acquisition, as the merger partner. After the conditions for completing the share acquisition were satisfied, including the expiration of the waiting period under U.S. antitrust law, the procedures under the merger agreement were completed on 28 January 2019.」
The Company completed the acquisition of all shares of U.S. industrial chocolate company Blommer Chocolate Company on 28 January 2019, acquiring 100% of the voting rights. To strengthen its chocolate business in North America, the Company plans to introduce its oils and fats technology, integrate raw material procurement, and sell the Group’s product portfolio.