Strengthening the Profitability and Growth of the Food-Service Business through the Acquisition of Shares in KAKEHASHI,S.L.U.
First written in FY2020-Q1. 2 of 4 entries say "Restated". Latest entry: FY2024-Q1.
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- FY2024-Q1DroppedAnnual report
「As part of its efforts to expand its Food and Beverage Business in overseas markets, the Company operated restaurants in Spain through its consolidated subsidiary KAKEHASHI S.L.U. However, performance has deteriorated due to the impact of the global spread of COVID-19 since 2020. Because the outlook for a recovery in performance remains uncertain, the Company decided to sell its business in Spain.」
The Company transferred all shares in KAKEHASHI S.L.U. on 30 June 2023 for ¥15 million, citing weak performance and an uncertain recovery outlook for its Food and Beverage Business in Spain. - FY2020-Q3RestatedAnnual report
「In the Food and Beverage segment, the Company acquired shares in KAKEHASHI,S.L.U. and made it a subsidiary. The increase in goodwill resulting from this transaction was ¥29.437 million for the nine-month period of the current consolidated fiscal year.」
The acquisition and consolidation of KAKEHASHI,S.L.U., together with goodwill of ¥29.437 million related to the company, has been identified as information for the Food and Beverage segment. - FY2020-Q2RestatedAnnual report
「In the Food and Beverage segment, the Company acquired shares in KAKEHASHI,S.L.U. and made it a subsidiary. The increase in goodwill resulting from this transaction was ¥29.437 million for the nine-month period of the current consolidated fiscal year.」
Goodwill of ¥29.437 million arising from the acquisition and consolidation of KAKEHASHI,S.L.U. has been identified as information for the Food and Beverage segment. - FY2020-Q1First statedAnnual report
「To improve the earnings potential of the Food and Beverage Business and support its future growth and development, the Company acquired shares in KAKEHASHI,S.L.U. and made it a subsidiary. The Company became a consolidated subsidiary through the share acquisition on 1 March 2019. Voting rights acquired: 100% Consideration for the share acquisition: Cash, ¥20 million Goodwill recognized: ¥29.437 million Amortization method and period: Straight-line amortization over 5 years」
For the purpose of improving the earnings potential of the Food and Beverage Business and supporting its future growth, the Company acquired shares in KAKEHASHI,S.L.U. effective 1 March 2019 and made it a consolidated subsidiary with a 100% voting interest. The consideration was ¥20 million and goodwill was ¥29.437 million, amortized on a straight-line basis over 5 years.