Expansion of the seafood business through the acquisition of 豊洲漁商産直市場 as a subsidiary
First written in FY2021. 2 of 3 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2023-Q2.
No other company in this theme has enough history to compare yet.
- FY2023-Q2AdvancedAnnual report
「Overall, revenue and segment profit increased significantly, as demand for food delivery services rose, increasing membership in solution businesses such as EC support services for other companies (ISETAN DOOR and d Meal Kit), while the performance of wholesale operations, including childcare-center and seafood wholesale (Toyosu Gyosho Direct Market), which had been adversely affected by COVID-19 in the same period of the previous year, recovered and grew. Revenue was ¥7,958 million, up 15.2% year on year, and segment profit was ¥759 million, up 0.7% year on year.」
The seafood wholesale business, including 豊洲漁商産直市場, which became a subsidiary, continued to recover and grow from the impact of the infectious disease in the same period of the previous year, contributing to the performance of Other businesses. - FY2023-Q1AdvancedAnnual report
「As demand for home delivery of food increased, the number of members in the solutions business, including support for other companies’ e-commerce businesses such as ISETAN DOOR and d Meal Kit, increased. In addition, the wholesale businesses, including wholesale operations for nursery schools and seafood products through Toyosu Gyoshou Direct Market, which had been negatively affected by COVID-19 in the same period of the previous year, recovered and expanded, resulting in substantial overall growth in revenue and segment profit.」
The company explained that the seafood wholesale business, including 豊洲漁商産直市場, which became a subsidiary, recovered and grew from the impact of the infectious disease in the same period of the previous year. Measures to expand the seafood business are reflected in operating performance. - FY2021First statedAnnual report
「The purpose is to accelerate future business expansion and strengthen profitability by leveraging 株式会社セブンワーク’s proprietary distribution network for fresh fish and other products and its ability to propose products from the consumer’s perspective, thereby broadening our seafood-category assortment, proposing higher-value-added products and reducing procurement costs.」
On 31 March 2021, the company acquired a 51% stake in 株式会社セブンワーク and changed its corporate name to 豊洲漁商産直市場. It set out a policy of using the fresh-fish distribution network to improve the range, added value and procurement efficiency of seafood products.