Integration of the Logistics Businesses of Food Manufacturers
First written in FY2018. 2 of 6 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2021-Q2.
No other company in this theme has enough history to compare yet.
- FY2021-Q2RestatedAnnual report
「The Company lost control over the AB Company when F-LINE Co., Ltd. was newly launched as the integrated company on 1 April 2019.」
The Company reconfirmed, in its explanation of discontinued operations, the integration of the logistics businesses by 4 food manufacturers, the launch of F-LINE and the loss of control over Ajinomoto Logistics. - FY2020-Q3RestatedAnnual report
「Ajinomoto Logistics Co., Ltd., which had been a consolidated subsidiary in the previous consolidated fiscal year, integrated Kagome Logistics Service Co., Ltd., House Logistics Service Co., Ltd., F-LINE Co., Ltd. and Kyushu F-LINE Co., Ltd. on 1 April 2019, with Ajinomoto Logistics as the surviving company, and changed its corporate name to F-LINE Co., Ltd. As a result, the Company’s ownership interest became 44.8%, and because it lost control over the company, F-LINE has been accounted for as an equity-method affiliate since the first quarter of the consolidated fiscal year.」
The Company reconfirmed that it integrated the logistics business and launched F-LINE Co., Ltd. on 1 April 2019, and that F-LINE is accounted for as an equity-method affiliate. - FY2019AchievedAnnual report
「On 1 April 2019, as scheduled, the logistics businesses of the companies above were integrated and F-LINE Co., Ltd. was newly launched.」
On 1 April 2019, the nationwide logistics integration under the agreement to reorganize the logistics functions of the 4 companies was completed, and F-LINE Co., Ltd. was launched. - FY2019-Q2AdvancedAnnual report
「As a result, it became certain that control over the AB Company would be lost in April 2019. Accordingly, beginning with the first quarter of the consolidated fiscal year, the AB Company’s assets and liabilities were classified as a disposal group held for sale, and the logistics business was classified as a discontinued operation.」
Under the logistics integration agreement with the 4 companies, the loss of control over the AB Company in April 2019 became certain, and the process advanced to classifying the logistics business as a discontinued operation and its assets and liabilities as held for sale. - FY2019-Q1AdvancedAnnual report
「On 26 April 2018, the Company entered into an agreement with KAGOME CO.,LTD., The Nisshin OilliO Group,Ltd., Nisshin Foods Co., Ltd. and House Foods Group Inc. to reorganize the logistics functions of Ajinomoto Logistics Co., Ltd. (the “AB Company”), Kagome Logistics Service Co., Ltd., House Logistics Service Co., Ltd., F-LINE Co., Ltd. and Kyushu F-LINE Co., Ltd., and to launch a nationwide logistics company integrating their logistics businesses in April 2019.」
As a result of entering into the logistics integration agreement with the 4 companies, the loss of control over the AB Company in April 2019 became certain, and the logistics business was classified as a discontinued operation and its related assets and liabilities as held for sale. - FY2018First statedAnnual report
「The Company entered into an agreement with KAGOME CO.,LTD., The Nisshin OilliO Group,Ltd., Nisshin Foods Co., Ltd. and House Foods Group Inc. to integrate their logistics businesses in April 2019 and launch a nationwide logistics company.」
The Company entered into an agreement to integrate its logistics business with those of 4 companies and plans to launch a nationwide logistics company in April 2019.