Making 香り芽本舗 a Subsidiary and Leveraging Nationwide Sales Channels and Production Capacity
First written in FY2020. 2 of 5 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2021.
3 other companies' latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「The domestic manufacturing subsidiaries posted higher revenue and profits due to increased demand from supermarkets and other retailers associated with the spread of COVID-19, as well as the addition of 株式会社香り芽本舗 to the Group. Overseas manufacturing subsidiaries, however, posted lower revenue and profits due to the impact of partial lockdowns in Singapore and Malaysia and lower sales to hotels and the aviation-related sector.」
The addition of 香り芽本舗 to the Group was explicitly identified as a factor behind the full-year increase in revenue and profits at the domestic manufacturing subsidiaries. - FY2021-Q3AdvancedAnnual report
「Amid these conditions, domestic subsidiaries posted higher revenue and profit due to increased stay-at-home demand associated with the spread of COVID-19 and the addition of 株式会社香り芽本舗 to the group. Overseas subsidiaries, however, posted lower revenue and profit because of the impact of a partial lockdown in the second quarter and lower sales to hotels and other customers.」
The contribution of 香り芽本舗, following its conversion into a subsidiary, to higher revenue and profits in the domestic manufacturing business was disclosed for the first time as specific quarterly results. - FY2021-Q2RestatedAnnual report
「During the second quarter consolidated accounting period, the Company made 株式会社香り芽本舗 a subsidiary through the acquisition of its shares and included it in the scope of consolidation.」
The acquisition of all shares of 香り芽本舗 and its conversion into a subsidiary on 1 June 2020 was reflected in the scope of consolidation for the second quarter consolidated accounting period. - FY2021-Q1AchievedAnnual report
「③ Date of business combination 1 June 2020 ④ Legal form of the business combination Acquisition of shares for cash consideration ⑤ Name of the post-combination company No change. ⑥ Voting rights acquired 100%」
The planned acquisition of all shares of 香り芽本舗 and its conversion into a subsidiary on 1 June 2020 was completed. The acquisition cost was ¥1,012.203 million, and the Company also stated plans to sell the products through nationwide channels and increase production by leveraging the Group's production, quality-control, product-development and financial capabilities. - FY2020First statedAnnual report
「The Company decided to acquire the shares because it was attracted by 香り芽本舗's strong products and manufacturing expertise, and believed that the two companies could achieve further growth by jointly leveraging the "SME Support Platform" established by the Company. The Company aims to achieve further growth by selling 香り芽本舗's high-quality products through the nationwide sales channels of the Company Group, and by increasing production through the use of the Group's production and quality-control capabilities, product-development capabilities and financial resources. Date of business combination: 1 June 2020 (予定). Voting rights acquired: 100% (予定). Consideration for the acquisition: ¥1,013 million (予定).」
On 18 March 2020, the Company resolved to acquire all shares of 香り芽本舗 and make it a subsidiary. The transaction was予定 to close on 1 June 2020, with consideration of ¥1,013 million予定. The Company planned to expand sales through nationwide channels and increase production by leveraging the Group's production, quality-control, product-development and financial capabilities.