Entry into Australia’s industrial chocolate business through the acquisition of INDUSTRIAL FOOD SERVICES
First written in FY2019-Q2. 1 of 2 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2019-Q3.
No other company in this theme has enough history to compare yet.
- FY2019-Q3AdvancedAnnual report
「During the second quarter of the current consolidated accounting period, the Company acquired 100% of the issued common shares of INDUSTRIAL FOOD SERVICES PTY LIMITED and made it a consolidated subsidiary. The deemed acquisition date was 1 July 2018; accordingly, only the balance sheet was consolidated for the second quarter, while the income statement has been consolidated from the third quarter.」
Following the acquisition of 100% of the Australian industrial chocolate company, consolidation of its income statement began in the third quarter of the consolidated accounting period. - FY2019-Q2First statedAnnual report
「During the second quarter of the current consolidated accounting period, the Company acquired 100% of the issued common shares of INDUSTRIAL FOOD SERVICES PTY LIMITED and made it a consolidated subsidiary.」
On 4 July 2018, the Company acquired 100% of an Australian industrial chocolate company and made it a consolidated subsidiary. The acquisition cost was ¥2,095 million and goodwill was ¥1,659 million. The acquisition is intended to capture synergies with the Australian industrial chocolate market, local manufacturing, and the existing oils and fats business.