Establishment of Overseas Business Operations and Information Hubs
First written in FY2016. 6 of 11 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2023.
4 other companies' latest entry also says "Other".
- FY2023U.S. joint venture excluded from the scope of equity-method accountingAnnual report
「During the consolidated fiscal year, MITSUI & CO.,LTD. made an additional investment by subscribing to a rights offering under the shareholders’ agreement concerning MKU Holdings,Inc., the joint venture with MITSUI & CO.,LTD. As a result, the ownership ratios changed as follows. In addition, the company ceased dispatching directors to MKU Holdings,Inc. and could no longer exert significant influence, so MKU Holdings,Inc. ceased to qualify as an affiliate and was excluded from the scope of equity-method accounting.」
The company’s ownership ratio in MKU Holdings,Inc. became 16.9%, and the company was excluded from equity-method accounting as an affiliate following MITSUI & CO.,LTD.’s additional investment and the end of the company’s dispatch of directors. - FY2023-Q2Change in the ownership ratio of the U.S. joint ventureAnnual report
「During the current second-quarter consolidated accounting period, MITSUI & CO.,LTD. made an additional investment by subscribing to a rights offering under the shareholders’ agreement concerning MKU Holdings,Inc., the joint venture with MITSUI & CO.,LTD., resulting in changes to the ownership ratios as follows. “The company: 16.9%; MITSUI & CO.,LTD.: 83.1%.”」
Following MITSUI & CO.,LTD.’s additional investment, the ownership ratios in MKU Holdings,Inc., which was established to enter the U.S. prepared-foods market, changed to 16.9% for the company and 83.1% for MITSUI & CO.,LTD. The scope of equity-method accounting was unchanged. - FY2023-Q1Change in the ownership ratio of the U.S. joint ventureAnnual report
「During the current first-quarter consolidated accounting period, MITSUI & CO.,LTD. made an additional investment by subscribing to a rights offering under the shareholders’ agreement concerning MKU Holdings,Inc., the joint venture with MITSUI & CO.,LTD., resulting in changes to the ownership ratios as follows.」
Following MITSUI & CO.,LTD.’s additional investment, the ownership ratio in MKU Holdings,Inc., which was established to enter the U.S. prepared-foods market, changed from 20% for the company to 18.3% and from 80% for MITSUI & CO.,LTD. to 81.7%. The scope of equity-method accounting was unchanged. - FY2019RestatedAnnual report
「A joint venture to enter the U.S. prepared-foods market」
The company continues its entry into the U.S. prepared-foods market through the U.S. joint venture, with an investment structure of 20% held by the company and 80% by MITSUI & CO.,LTD. - FY2019-Q3AdvancedAnnual report
「Following a 20% investment in the U.S. joint venture MKU Holdings,Inc., the company included it in the scope of equity-method accounting from the current third-quarter consolidated accounting period.」
The company invested 20% in the U.S. joint venture MKU Holdings,Inc. and made it an equity-method investee from the third quarter. - FY2019-Q2AdvancedAnnual report
「Among mayonnaise and dressing products, sales of 10kg-pack and 1kg-pack mayonnaise declined, but sauces for fast-food operators and other products grew, and dressings for overseas markets also increased.」
The company reports an increase in dressings for overseas markets, indicating progress in overseas sales. - FY2019-Q1AdvancedAnnual report
「In addition, cup sauces and mayonnaise for nuggets supplied to fast-food operators grew, while dressings for export also increased.」
The company reports an increase in dressings for export, indicating concrete progress in overseas sales. - FY2018AdvancedAnnual report
「In addition, nugget sauce for fast-food operators, 500ml-pack dressings, and mayonnaise and dressings for export all grew.」
The company reports concrete progress in overseas sales through growth in mayonnaise and dressings for export. - FY2017AdvancedAnnual report
「In addition, we established a research office in Vancouver in July 2015 and will develop the company into a global enterprise capable of communicating food trends to the world by collecting and analyzing information from around the globe.」
The company continues to use the Vancouver Research Office as an information-gathering base and production and sales in Indonesia as specific foundations for its overseas business. It also reports growth in 1kg-pack mayonnaise for export. - FY2017-Q2AdvancedAnnual report
「Among mayonnaise and dressing products, 1kg-pack mayonnaise grew in sales to mass retailers and for export, while 500ml-pack dressings were adopted by fast-food operators.」
The company reports growth in mayonnaise for export, indicating concrete progress in overseas sales. - FY2016First statedAnnual report
「Following the import and sale of halal-certified mayonnaise produced in Indonesia by the joint venture, we began importing halal-certified frozen foods produced by a group company of our joint-venture partner. We also used the Vancouver Research Office, an information-gathering base opened on 7 July 2015, and exhibited at a food trade show held in Vancouver in October.」
The company describes the import of halal products from Indonesia and the Vancouver base opened in July 2015, together with participation in a trade show, as specific initiatives.