Expansion of North American plant-based oils and fats operations through the establishment of Fuji Oil International
First written in FY2022. 2 of 5 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2025.
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- FY2025AdvancedAnnual report
「14 March 2025」
The company acquired additional shares in Fuji Oil International Inc., increasing its voting interest by 20% and making it a wholly owned subsidiary. It is moving toward a regional management structure for the North American oils and fats business based on a wholly owned subsidiary. - FY2024RestatedAnnual report
「In the plant-based oils and fats business, our Group has established a regional management structure for its North American oils and fats business, including Fuji Oil International Inc. and Oilseeds International, Ltd.」
The company continues to position the establishment of Fuji Oil International and the acquisition of Oilseeds International as measures to reorganize the North American plant-based oils and fats business and expand sales channels. - FY2023-Q2RestatedAnnual report
「During the first quarter, the company established Fuji Oil International Inc. and included it in the scope of consolidation. Oilseeds International, Ltd., its subsidiary, was also included in the scope of consolidation.」
The company continues to reorganize and expand its North American plant-based oils and fats business by including Fuji Oil International Inc. and its subsidiary Oilseeds International, Ltd. in the scope of consolidation. RITO Partnership has also been included in the scope of equity-method application. - FY2023-Q1AdvancedAnnual report
「Through Fuji Oil International Inc. (hereinafter, “FII”), a joint venture newly established by our Group through FSI and III, our Group will hold OIL. This is expected to leverage the strengths of both our Group and the ITOCHU Group to expand sales channels, develop new customers and generate cost benefits, while the alliance will be used to expand our presence in the North American market.」
Following the establishment of Fuji Oil International Inc., the company acquired Oilseeds International, Ltd. through an in-kind contribution on 1 May 2022. The voting interest acquired was 80%, and the purchase consideration was US$63 million (¥8,679 million), giving concrete form to the expansion of sales channels and development of new customers through the North American premium plant-based oils and fats business. - FY2022First statedAnnual report
「Our consolidated subsidiary Fuji Specialties, Inc. (Delaware, United States; hereinafter, “FSI”) resolved to establish a joint venture in North America with ITOCHU International Inc. (hereinafter, “III”), a New York-based group company of ITOCHU Corporation (headquartered in Tokyo), and completed the establishment procedures on 4 April 2022.」
The company established a joint venture between FSI and ITOCHU International in April 2022, and for the first time described a measure to expand its North American plant-based oils and fats operations through in-kind contributions of Fuji Vegetable Oil and Oilseeds International.