Making JSTT SINGAPORE a Subsidiary and Expanding the Singapore Business
First written in FY2018-Q3. 4 of 7 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2020-Q1.
No other company in this theme has enough history to compare yet.
- FY2020-Q1AdvancedAnnual report
「② Collaboration with JSTT: The company will work to increase sales by selling sushi, rice balls and other products manufactured by JSTT through PS’s distribution channels to hotels and hospitals.」
A specific collaboration plan has been presented to sell JSTT products through PACIFIC SORBY’s distribution channels for hotels and hospitals. - FY2019AdvancedAnnual report
「JSTT SINGAPORE PTE. LTD. established YFHD CAMBODIA CO.,LTD. to sell the group’s products and manufacture and sell sushi in Cambodia.」
The overseas expansion originating with JSTT has progressed from Singapore to the establishment of an operating base in Cambodia. - FY2019-Q3RestatedAnnual report
「In addition, the company expanded its scale as 株式会社ヤマニ野口水産 and JSTT SINGAPORE PTE. LTD., which became group companies in the second half of the previous consolidated fiscal year, and 株式会社おむすびころりん本舗 and 株式会社まるかわ食品, which became group companies during the current fiscal year, contributed to earnings.」
The contribution to earnings from new group companies, including JSTT SINGAPORE, is reiterated. - FY2019-Q2AdvancedAnnual report
「The company expects specific synergies, including increased sales of the group’s products through the target company’s distribution channels, lower procurement costs for the group through the target company’s suppliers, and increased sales by the target company through use of the group’s seafood procurement routes. In particular, it expects lower procurement costs through joint purchasing with JSTT SINGAPORE PTE. LTD., another group subsidiary located in Singapore, higher sales through cross-selling using both companies’ distribution channels, and lower indirect costs.」
Specific synergies are presented through joint purchasing, cross-selling and lower indirect costs involving JSTT SINGAPORE and the newly acquired target company. - FY2019-Q1AdvancedAnnual report
「In addition, 株式会社ヤマニ野口水産 and JSTT SINGAPORE PTE. LTD., which became group companies in the second half of the previous consolidated fiscal year, and 株式会社おむすびころりん本舗, which became a group company during the current fiscal year, contributed to earnings. As a result, net sales were ¥4,542.582 million, up 16.4% year on year.」
It states that JSTT SINGAPORE contributed to earnings in the first quarter after becoming a group company in the second half of the previous consolidated fiscal year. - FY2018RestatedAnnual report
「JSTT SINGAPORE PTE. LTD. became a consolidated subsidiary from the current consolidated fiscal year following the acquisition of its shares on 5 December 2017.」
The acquisition of all shares of JSTT and its conversion into a consolidated subsidiary are reconfirmed as established facts concerning the scope of consolidation. - FY2018-Q3First statedAnnual report
「At a meeting of its Board of Directors on 21 November 2017, the company resolved to acquire all shares of JSTT SINGAPORE PTE. LTD. and make it a subsidiary, completing the acquisition on 5 December 2017. Acquired voting interest: 100%. Going forward, the company aims to improve performance by expanding sales of the group’s products in Singapore using JSTT’s distribution channels, improving the quality of raw materials used by JSTT through the company’s procurement routes, and generating synergies between the two companies.」
As a material subsequent event, the acquisition of all shares of the Singapore company JSTT and its conversion into a subsidiary are described, together with measures to improve performance through the reciprocal use of its distribution channels and the company’s own procurement routes. JSTT operates 3 businesses: manufacturing and retail, food service and food wholesaling. Its manufacturing and retail business sells through a total of 33 stores.