Integrating Procurement, Development and Sales Capabilities through the Absorption-Type Merger of Two Food Sales Subsidiaries
First written in FY2019. 1 of 2 entries say "Achieved", first in FY2020-Q1. Latest entry: FY2020-Q1.
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- FY2020-Q1AchievedAnnual report
「Based on a resolution of the Board of Directors meeting held on 26 July 2019, we absorbed our wholly owned subsidiaries ㈱アライアンスシーフーズ and ㈱クローバートレーディング, effective 1 January 2020.」
The absorption-type merger of the 2 wholly owned subsidiaries was completed on 1 January 2020. The merger was intended to strengthen procurement, product development and sales capabilities in the food sales business, improve operational efficiency by consolidating administrative functions, and strengthen corporate governance. - FY2019First statedAnnual report
「On 25 October 2019, we entered into an absorption-type merger agreement with our wholly owned subsidiaries (株)アライアンスシーフーズ and (株)クローバートレーディング, with 1 January 2020 (予定) as the effective date. We determined that integrating the food sales business would further strengthen our procurement, product development and sales capabilities and enable faster decision-making, which are essential to our future growth strategy.」
A plan was first presented to absorb the 2 wholly owned subsidiaries effective 1 January 2020, thereby strengthening procurement, product development and sales capabilities, decision-making, administrative functions and governance in the food sales business.