Making 森養魚場 a Subsidiary and Growing the Farmed Sweetfish Business
First written in FY2019. 3 of 5 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020AdvancedAnnual report
「Although raw material prices remained high, revenue in this business amounted to ¥20,639.352 million, up 20.2% year on year, and segment profit amounted to ¥758.306 million, up 58.9%, mainly because PACIFIC SORBY PTE. LTD. and 株式会社森養魚場, which became Group companies during the current period, contributed to earnings.」
森養魚場 contributed to the Manufacturing Business for the full year together with PACIFIC SORBY, leading to higher revenue and profit in the Manufacturing Business. - 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%.」
After becoming a subsidiary, 森養魚場 contributed to the earnings of the Manufacturing Business together with PACIFIC SORBY, leading to higher revenue and profit in the Manufacturing Business. - FY2020-Q2AdvancedAnnual report
「株式会社森養魚場 was also made a subsidiary and included in the scope of consolidation from the second-quarter consolidated accounting period.」
The acquisition of 100% of 森養魚場 and its inclusion as a subsidiary progressed from the second quarter, contributing to the earnings of the Manufacturing Business. - FY2020-Q1AchievedAnnual report
「The Company completed the acquisition on 3 June 2019.」
The acquisition to make 森養魚場 a subsidiary was completed on 3 June 2019. - FY2019First statedAnnual report
「We aim to achieve further growth by using our Group’s management expertise and financial resources to improve the efficiency of aquaculture management and further develop the excellent ayu-farming technology of 森養魚場, while selling 森養魚場’s high-quality ayu through our Group’s nationwide distribution network and sales channels across Asia, particularly in Singapore.」
The plan indicated that 森養魚場 would become a subsidiary on 1 June 2019, with an expected voting rights ratio of 100%, as part of the succession of the business from its elderly owner-president, and that aquaculture management would be made more efficient and the products sold through nationwide and Asian sales channels.