Making PACIFIC SORBY a Subsidiary and Expanding the Seafood Processing Business
First written in FY2019. 4 of 5 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2020.
1 other company's latest entry also says "Advanced".
- FY2020AdvancedAnnual report
「This was mainly attributable to the contribution of the 3 companies brought into the group through M&A in the previous and current fiscal years: SIN HIN FROZEN FOOD PRIVATE LIMITED, PACIFIC SORBY PTE. LTD. and 株式会社森養魚場.」
PACIFIC SORBY, together with 株式会社森養魚場 and SIN HIN, contributed to the increase in full-year revenue, confirming its contribution to results after the acquisition. - FY2020-Q3AdvancedAnnual report
「As PACIFIC SORBY PTE. LTD. and 株式会社森養魚場, which became group companies during the current fiscal year, contributed to earnings, among other factors, revenue was ¥15,315.050 million, up 16.2% year on year, and profit was ¥597.717 million, up 75.1%.」
The company stated that, following its consolidation as a subsidiary, PACIFIC SORBY contributed to the manufacturing business's earnings together with 株式会社森養魚場, leading to higher manufacturing revenue and profit. - FY2020-Q2AdvancedAnnual report
「As PACIFIC SORBY PTE. LTD. and 株式会社森養魚場, which became group companies during the current fiscal year, contributed to earnings, among other factors, revenue was ¥10,330.137 million, up 16.1% year on year, and profit was ¥423.604 million, up 56.7%.」
The company stated that, following its consolidation as a subsidiary, PACIFIC SORBY contributed to the manufacturing business's earnings together with 株式会社森養魚場, leading to increases in manufacturing revenue and profit. - FY2020-Q1AdvancedAnnual report
「YOSHIMURA FOOD HOLDINGS ASIA PTE. LTD., a subsidiary of the company, acquired 70% of PS's issued shares, while PS's current management will continue to hold the remaining 30%.」
The capital structure of PACIFIC SORBY was disclosed, with YOSHIMURA FOOD HOLDINGS ASIA acquiring 70% and current management continuing to hold 30%. - FY2019AchievedAnnual report
「It was resolved that YOSHIMURA FOOD HOLDINGS ASIA PTE. LTD., a consolidated subsidiary of the company, would acquire shares in PACIFIC SORBY PTE. LTD. and make it a subsidiary of the company, specifically a sub-subsidiary. The acquisition was completed on 13 May 2019.」
The company completed the acquisition of a 70% stake in a Singapore-based frozen seafood processing and wholesale company through YOSHIMURA FOOD HOLDINGS ASIA, making it a subsidiary. It plans to establish a production system through capital investment supported by its financial resources.