Strengthening the upcycled craft sweets business by making HiOLI a subsidiary
First written in FY2025-H1. 1 of 2 entries say "Advanced", first in FY2025. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AdvancedAnnual report
「HiOLI operates three craft sweets brands, "HiO ICE CREAM," "Butters" and "山ノチーズ," and manufactures craft sweets made by upcycling skim milk powder generated as a by-product of milk and butter processing. Going forward, the company expects to strengthen its upcycled product development, an area in which Oisix has focused since 2021, by working with HiOLI's sweets division and using its development expertise, while also linking this with the Group's e-commerce sales and distribution assets, thereby improving both companies' product capabilities and strengthening the business.」
The acquisition of 58.7% of HiOLI and its conversion into a subsidiary have been completed, and collaboration involving its three craft sweets brands, upcycling of skim milk powder, and Oisix's e-commerce and distribution assets is moving into the implementation phase. - FY2025-H1First statedAnnual report
「At a meeting of the Board of Directors held on 27 June 2024, the company resolved to acquire 58.7% of the issued shares of HiOLI and make it a subsidiary. It also entered into a share transfer agreement on the same date and acquired the shares on 1 July 2024. HiOLI operates three craft sweets brands, "HiO ICE CREAM," "Butters" and "山ノチーズ," and manufactures craft sweets made by upcycling skim milk powder generated as a by-product of milk and butter processing. Going forward, the company expects to strengthen its upcycled product development, an area in which Oisix has focused since 2021, by working with HiOLI's sweets division and using its development expertise, while also linking this with the Group's e-commerce sales and distribution assets, thereby improving both companies' product capabilities and strengthening the business.」
The company acquired 58.7% of HiOLI's shares and made it a subsidiary on 1 July 2024. It has identified strengthening product capabilities and the business through three craft sweets brands, upcycling skim milk powder, and collaboration with Oisix's e-commerce and distribution assets as new initiatives. The acquisition cost was ¥1,010 million, goodwill was ¥989 million, and the goodwill is being amortised evenly over 5 years.