Business integration of 3 Kyushu companies and transition to a holding company structure
First written in FY2019-Q2. 9 of 12 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022AdvancedAnnual report
「Improved gross profit margins in food as a result of the business integration and higher tenant revenue from events held using store space resulted in operating gross profit of ¥34,075 million, or 214.1% year on year.」
Improved food gross profit margins and increased tenant revenue following the business integration resulted in operating gross profit of ¥34,075 million. - FY2022-Q3AdvancedAnnual report
「Compared with the combined results of the Company, マックスバリュ九州株式会社 and イオンストア九州株式会社 for the same period of the previous year, operating revenue for the cumulative period of the third quarter under review increased 0.9% year on year and operating income increased 146.6%.」
Compared post-integration results with the combined results of the three companies before integration, showing initial results of a 0.9% increase in operating revenue and a 146.6% increase in operating income. - FY2022-Q2AdvancedAnnual report
「Compared with the combined results of the Company, マックスバリュ九州株式会社 and イオンストア九州株式会社 for the second quarter cumulative period of fiscal 2020, operating revenue for the cumulative period of the second quarter under review increased 1.8% year on year and operating income increased 201.8%.」
Compared post-integration results with the combined results of the three companies before integration, showing increases of 1.8% in operating revenue and 201.8% in operating income as initial results of the integration. In food, efforts were also under way to reduce the cost ratio by leveraging economies of scale. - FY2022-Q1AdvancedAnnual report
「Improved gross profit margins in food as a result of the business integration and higher tenant revenue from events held using store space resulted in operating gross profit of ¥34,075 million, or 214.1% year on year.」
As synergies from the business integration, improved gross profit margins in food and increased tenant revenue from events resulted in operating gross profit of ¥34,075 million. - FY2021AdvancedAnnual report
「Following the business integration, food, which accounts for a high proportion of the sales mix, and the home improvement business, which addressed changes in customers' lifestyles, performed well. In addition, efforts to further reduce store operating costs, including the introduction of self-checkout registers, the shift of promotions to digital channels, work-style reform and reductions in real estate costs, resulted in second-half operating revenue, operating income, ordinary income and net income all trending above plan.」
Following completion of the merger, the strong performance of the food and home improvement businesses and lower store operating costs resulted in initial results above plan across the main second-half earnings metrics. - FY2021-Q3AdvancedAnnual report
「In terms of earnings, synergies from the business integration, including the expansion of the scale of the "Serious Pricing" and "Black Friday" initiatives, as well as strong performance from new sales events such as the "ALL AEON Grand Appreciation Festival" and the "Thank You for the Excitement Sale" commemorating the Fukuoka SoftBank Hawks' Japan Series victory, drove net sales to ¥112,592 million, or 103.9% of the prior-year period for existing stores including transferred stores, enabling the Company to achieve its initial plan.」
Following completion of the merger, pricing initiatives and expanded promotional activities were implemented as synergies from the business integration. The initial results included existing-store sales of 103.9% year on year, including transferred stores, and achievement of the initial plan. - FY2021-Q2AchievedAnnual report
「On 1 September 2020, the Company merged with マックスバリュ九州株式会社, which operates supermarkets in Kyushu, and イオンストア九州株式会社, which operates general merchandise businesses in Fukuoka, Kumamoto, Oita, Nagasaki, Miyazaki and Kagoshima prefectures.」
The process progressed from the previous basic agreement, merger agreements and shareholder approval stages, and the mergers with マックスバリュ九州 and イオンストア九州 were completed on 1 September 2020. - FY2021-Q1AdvancedAnnual report
「Date of resolution approving the merger and the AS Kyushu merger agreement at the annual general meeting of shareholders (the Company) 14 May 2020 Date of resolution approving the merger agreement at the annual general meeting of shareholders (MV Kyushu) 14 May 2020 Date of resolution approving the AS Kyushu merger agreement at the annual general meeting of shareholders (AS Kyushu) 14 May 2020」
For the merger of the three Kyushu companies, the respective shareholders' meetings of the Company, マックスバリュ九州 and イオンストア九州 approved the merger agreements on 14 May, with 1 September 2020 scheduled as the effective date. - FY2020AdvancedAnnual report
「On 10 April 2020, the Company entered into a merger agreement under which it would be the surviving company and マックスバリュ九州株式会社 the absorbed company, and a separate merger agreement under which it would be the surviving company and イオンストア九州株式会社 the absorbed company.」
The process progressed beyond the basic agreement stage, and merger agreements with マックスバリュ九州 and イオンストア九州 were signed on 10 April 2020. - FY2019RestatedAnnual report
「The Company, マックスバリュ九州株式会社, イオンストア九州株式会社 and AEON CO.,LTD. entered into a basic agreement dated 10 October 2018 concerning the business integration of the Company, マックスバリュ九州株式会社 and イオンストア九州株式会社.」
The basic agreement dated 10 October 2018 concerning the business integration of the three Kyushu companies continues to be disclosed as a material business contract. - FY2019-Q3AdvancedAnnual report
「The Company, マックスバリュ九州株式会社, イオンストア九州株式会社 and AEON CO.,LTD. entered into a basic agreement dated 10 October 2018 concerning the business integration of the Company, マックスバリュ九州株式会社 and イオンストア九州株式会社.」
For the business integration of the three Kyushu companies, a basic agreement was signed on 10 October 2018. The basic agreement was not legally binding, and the parties planned to execute a definitive agreement separately. - FY2019-Q2First statedAnnual report
「The Company plans to proceed with the business integration by establishing a jointly owned parent company for the three companies through a joint share transfer involving the Company, マックスバリュ九州 and イオンストア九州, and subsequently reorganizing the three companies under the parent company into a food business company and a non-food business company.」
For the three companies, the Company, マックスバリュ九州 and イオンストア九州, the disclosure first described the policy of establishing a holding company through a joint share transfer and reorganizing the companies under it into food and non-food businesses. It also presented the planned schedule, including 1 September 2019 as the effective date of the share transfer.