Making AGF a Wholly Owned Subsidiary and Synergies in the Coffee and Powder Processing Businesses
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023ReframedAnnual report
「The main reason for the reduction was the transfer of manufacturing and sales of Ajinomoto AGF’s “Blendy®” bottled coffee to サントリー食品インターナショナル㈱.」
While pursuing synergies with AGF in the coffee business, the company disclosed that manufacturing and sales of bottled coffee had been transferred to サントリー食品インターナショナル. - FY2021AdvancedAnnual report
「In April 2021, the Group consolidated its domestic food-related R&D sites operated by 3 group companies in cooperation with its consolidated subsidiaries 味の素冷凍食品㈱ and 味の素AGF㈱.」
The food R&D centers of the 3 group companies, including AGF, were consolidated, giving concrete form to collaboration in food-related research and development and new product development. - FY2017-Q3RestatedAnnual report
「We will also continue collaboration with Ajinomoto General Foods, Inc., which became a consolidated subsidiary following the acquisition of its shares in April 2015, and create synergies in new product development and production by leveraging powdered processed products as a common platform.」
The Group continues collaboration with AGF, new product development and the creation of production synergies. - FY2017-Q2RestatedAnnual report
「We will also continue collaboration with Ajinomoto General Foods, Inc., which became a consolidated subsidiary following the acquisition of its shares in April 2015, and create synergies in new product development and production by leveraging powdered processed products as a common platform.」
The Group continues collaboration with AGF, new product development and the creation of production synergies. - FY2017-Q1RestatedAnnual report
「We will also continue collaboration with Ajinomoto General Foods, Inc., which became a consolidated subsidiary following the acquisition of its shares in April 2015, and create synergies in new product development and production by leveraging powdered processed products as a common platform.」
The Group continues collaboration with AGF, new product development and the creation of production synergies. - FY2016First statedAnnual report
「Following the conversion into a consolidated subsidiary, we will pursue the expansion of AGF’s business together with its current management and employees. The two companies will also seek synergies in the coffee and powdered beverage businesses in ASEAN countries and elsewhere, strengthen the business structure through collaboration among their respective divisions, and create synergies in new product development and production by leveraging their common focus on powdered processed products.」
In April 2015, the voting rights ratio was raised to 100%, incorporating the coffee business into the Japan Food Products segment.