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S&B Foods (2805) · FactAchieved

Business Transfer of Certain Plants in the Prepared Foods Business

First written in FY2020-Q2. 5 of 8 entries say "Restated". Latest entry: FY2024.

8entries
6years
0from disclosures
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ProgressHeldSoftenedWorseRestatedFY2020-Q2 – FY2022-Q2RestatedFY2023-Q32019: 12020: 220202021: 220212022: 120222023: 120232024: 12024
Same theme, other companies

0 other companies' latest entry also says "Achieved".

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Full recordFilings, disclosures and news, newest first
  1. FY2024AchievedAnnual report

    「In March 2024, the prepared-foods business operated by 株式会社ヒガシヤデリカ will be transferred.」

    The planned transfer of the prepared-foods business operated by 株式会社ヒガシヤデリカ to 株式会社わらべや was disclosed as completed in March 2024. The Company also recorded a gain on the transfer of the business of ¥701 million and transfer proceeds of ¥2,265 million.
  2. FY2023-Q3RestatedAnnual report

    「At a meeting of the Board of Directors held on 7 October 2022, the Company resolved to transfer the business operated by 株式会社ヒガシヤデリカ to 株式会社わらべや. 株式会社ヒガシヤデリカ and 株式会社わらべや also entered into a basic agreement covering the transfer.」

    The Company continues to disclose the resolution and basic agreement to transfer the Seven-Eleven business operated at 株式会社ヒガシヤデリカ's Higashimatsuyama and North Kanto factories to 株式会社わらべや. The final agreement was scheduled for February 2024 and the transfer for March 2024.
  3. FY2023-Q2AdvancedAnnual report

    「At a meeting of the Board of Directors held on 7 October 2022, the Company resolved to transfer the business operated by its consolidated subsidiary 株式会社ヒガシヤデリカ to 株式会社わらべや. 株式会社ヒガシヤデリカ and 株式会社わらべや also entered into a basic agreement covering the transfer. Date of final agreement   February 2024 (scheduled) Timing of business transfer March 2024 (scheduled). Execution is scheduled to take place over multiple days.」

    The Company resolved to transfer to 株式会社わらべや the business serving Seven-Eleven operated at 株式会社ヒガシヤデリカ's Higashimatsuyama and North Kanto factories, and announced plans to finalize the agreement in February 2024 and execute the transfer in March 2024. The provisional transfer price was approximately ¥2.4 billion, excluding the land at the North Kanto factory.
  4. FY2022-Q2RestatedAnnual report

    「As prepared noodles declined, revenue decreased by ¥141 million year on year to ¥7,148 million, down 1.9%. Segment profit (operating profit) increased by ¥143 million year on year to ¥564 million, up 34.3%.」

    The scale of operations and earnings performance of the prepared-foods business after the transfer of certain factories continues to be disclosed as first-half segment results.
  5. FY2021-Q3RestatedAnnual report

    「Because certain factories were transferred in the second quarter of the previous fiscal year, revenue fell by ¥2,826 million year on year to ¥10,306 million, down 21.5%.」

    The transfer of certain factories carried out in the second quarter of the previous fiscal year was reiterated as a factor behind the decline in revenue from the prepared-foods business.
  6. FY2021-Q2RestatedAnnual report

    「Although prepared noodles remained solid, the transfer of certain factories in the second quarter of the previous fiscal year resulted in revenue declining by ¥2,784 million year on year to ¥7,290 million, down 27.6%.」

    The transfer of certain factories carried out in the second quarter of the previous fiscal year was reiterated as a factor behind the decrease in cumulative second-quarter revenue for the prepared-foods business.
  7. FY2020-Q3RestatedAnnual report

    「Although prepared noodles performed well, sales of bread and other products declined, and the transfer of certain factories in the second quarter of the current fiscal year also contributed to the decrease. Revenue therefore fell by ¥1,525 million year on year to ¥13,132 million, down 10.4%.」

    The transfer of certain factories carried out in the second quarter was disclosed again as a factor behind the decrease in cumulative third-quarter revenue for the prepared-foods business.
  8. FY2020-Q2First statedAnnual report

    「In the prepared-foods business, the Company recorded extraordinary income, including income from the transfer of certain factories. As a result, quarterly net income attributable to owners of the parent increased by ¥934 million year on year to ¥3,804 million, up 32.6%.」

    Certain factories in the prepared-foods business were transferred, and extraordinary income of ¥881 million, including a gain on the transfer of the business of ¥473 million, was recorded.
Moved together

"Shareholder Returns Through Stable, Ongoing Dividends" moved the same way as this thread, in the same document, in 2 of its 8 moves.

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  1. ★This thread
  2. 1Shareholder Returns Through Stable, Ongoing Dividends2×
  3. 2Failure to meet productivity targets and operating loss in prepared foods2×

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