Making ワイエスフーズ a Subsidiary and Expanding the Hokkaido Scallop Business
First written in FY2024-Q2. 2 of 5 entries say "Advanced", first in FY2025-Q1. Latest entry: FY2026.
1 other company's latest entry also says "Restated".
- FY2026RestatedAnnual report
「In Japan, the ワイエスフーズ group made a significant contribution to performance.」
The performance contribution of the ワイエスフーズ group after becoming a consolidated subsidiary was reflected in the full-year domestic manufacturing business. - FY2025AdvancedAnnual report
「In Japan, the ワイエスフーズ group made a significant contribution to performance.」
The contribution of the ワイエスフーズ group after becoming a consolidated subsidiary was reflected significantly in the full-year performance of the domestic manufacturing business. - FY2025-Q1AdvancedAnnual report
「In Japan, the ワイエスフーズ group, which became a consolidated subsidiary in October 2023, made a substantial contribution to performance.」
The company stated that the ワイエスフーズ group's contribution after becoming a consolidated subsidiary made a substantial contribution to the performance of the domestic manufacturing business. - FY2024-Q3AchievedAnnual report
「The company acquired 70% of the issued shares of ワイエスフーズ. Takuya Sakamoto (坂本 拓也), the target company's representative director, and Yusuke Sakamoto (坂本 佑介), its senior managing director, will continue to hold the remaining 30% and will continue serving as representative director and senior managing director, respectively.」
The acquisition of 70% of ワイエスフーズ was completed on 16 October 2023, and the company was included in the scope of consolidation using 30 November as the deemed acquisition date. The company moved into the stage of expanding the Hokkaido scallop business through the continued involvement of the existing management team and collaboration with マルキチ, Sin Hin, and others. - FY2024-Q2First statedAnnual report
「The company acquired 70% of the issued shares of ワイエスフーズ. Takuya Sakamoto (坂本 拓也), the target company's representative director, and Yusuke Sakamoto (坂本 佑介), its senior managing director, will continue to hold the remaining 30% and will continue serving as representative director and senior managing director, respectively. The parties will work together to build a cooperative relationship and generate synergies, with the aim of improving the group's performance and revitalizing Japan's food industry, particularly in Hokkaido.」
The acquisition was approved on 29 August 2023, with the acquisition scheduled for 16 October 2023 and the business combination scheduled for 30 November 2023. The purchase consideration is expected to be ¥6,020 million. The plan is to secure procurement rights for scallops from Funka Bay, processing equipment and technology, and quality certifications for export, while pursuing complementary production with existing subsidiary マルキチ, using Sin Hin's overseas sales channels, and adding further Hokkaido seafood and food companies to the group.