Food business partnership through the acquisition of Shidax preferred shares
First written in FY2022. 8 of 23 entries say "Advanced", first in FY2023-Q1. Latest entry: 2026-11-12.
0 other companies' latest entry also says "Mitigated".
- FY2026RestatedAnnual report
「In January 2024, we made Shidax Holdings Co., Ltd. a consolidated subsidiary and pursued the creation of synergies by sharing the management resources and business expertise of Shidax Corporation and our company through employee secondments and collaboration. On the other hand, by transferring the vehicle and other businesses, we will focus more closely on advancing our core B2C subscription and B2B subscription businesses.」
The company reconfirmed the completion of the reorganization, under which it made Shidax's food and social services businesses wholly owned subsidiaries, transferred its vehicle operations and other businesses, and concentrated management resources on its B2C and B2B subscription businesses. - FY2026-H1ReframedAnnual report
「Based on the resolution, we entered into a share transfer agreement on the same date and acquired 100% of the issued shares of the company succeeding to the divided business on 1 September 2025. On 1 October 2025, we transferred all shares of Shidax Holdings Co., Ltd. held by the company.」
The company moved from the stage of holding Shidax as an equity-method affiliate and a 66% subsidiary to a business reorganization under which it acquired 100% of the food and social services businesses following the corporate split, while transferring all shares of Shidax Holdings, including its vehicle operations. - FY2025AdvancedAnnual report
「We are also strengthening efforts to create synergies, including initiatives using meal kits for nursery schools and contracted food-service operations for senior-care facilities using the premium line, while expanding the number of facilities introduced and the scope of proposals.」
After making Shidax a subsidiary, the company is extending Oisix meal kits to nursery schools and its premium line to contracted food-service operations at senior-care facilities, expanding the number of facilities introduced and the scope of proposals. - FY2025-H1AdvancedAnnual report
「We are also strengthening efforts to create synergies, including initiatives using meal kits for nursery schools and contracted food-service operations for senior-care facilities using the premium line, while expanding the number of facilities introduced and the scope of proposals.」
Following the consolidation of Shidax, the company is strengthening synergies by extending meal kits and product proposals from its domestic delivery business to contracted food-service operations at nursery schools and senior-care facilities. - FY2024-Q3AchievedAnnual report
「By subscribing for common shares of 志太HD through the third-party allotment, 志太HD and Shidax became subsidiaries of the company, as did Shidax's wholly owned subsidiaries, including シダックスコントラクトフードサービス株式会社, シダックスフードサービス株式会社, エス・ロジックス株式会社, 大新東株式会社, シダックス大新東ヒューマンサービス株式会社 and SHIDAX USA CORPORATION.」
After tendering its Shidax shares, the company subscribed for 志太HD's third-party allotment on 5 January 2024, completing the transaction to make 志太HD, Shidax and its principal subsidiaries subsidiaries of the company. - FY2024-Q2ReframedAnnual report
「If this tender offer is successful and settlement is completed, as part of the transaction the company plans to subscribe for common shares of 志太HD issued through a third-party allotment conducted by 志太HD. As a result, Shidax is expected to become a subsidiary of the company.」
The plan changed from making Shidax an equity-method affiliate through the acquisition of its preferred shares to tendering all 15,582,759 Shidax shares held by the company and receiving a transfer price of ¥12,466 million. The company then plans to invest ¥14,192 million in 志太HD's third-party allotment scheduled for 5 January 2024, acquire 6,364,331 shares of 志太HD representing a 66.0% post-offering stake, bring 志太HD and Shidax into the group, and take Shidax private. - FY2023-Q2AchievedAnnual report
「At a Board of Directors meeting held on 29 August 2022, we resolved to acquire common shares of Shidax Corporation through a tender offer under the Financial Instruments and Exchange Act. The tender offer was conducted from 30 August 2022 to 24 October 2022, and settlement for the purchase of the share certificates took place on 31 October 2022. As a result, Shidax became an equity-method affiliate of the company. “Number of share certificates purchased: 15,582,759 shares” “Ownership ratio after the purchase: 28.47%” “Purchase price: ¥8,430 million” “Source of funds: internal funds and borrowings from financial institutions”」
The procedure was changed from discussions regarding the acquisition of preferred shares to a tender offer for common shares. The company acquired 15,582,759 shares, representing an ownership ratio of 28.47%, and completed the transaction to make Shidax an equity-method affiliate. - FY2023-Q1AdvancedAnnual report
「As disclosed in the Securities Report dated 29 June 2022, at a Board of Directors meeting held on 27 June 2022, we resolved to acquire the Series 1 Class B preferred shares issued by Shidax Corporation (the “Preferred Shares,” and their holders, the “Preferred Shareholders”) in order to accelerate consideration of a business partnership with Shidax in various businesses. The Preferred Shareholders notified Shidax on 24 June 2022 of their intention to exercise their acquisition rights attached to the Preferred Shares, with common shares as consideration, and exercised those rights, converting all of the Preferred Shares into common shares on 22 July 2022. We are discussing the method and timing of acquiring the shares with the Preferred Shareholders.」
The company had progressed to a Board resolution on the acquisition of preferred shares for a business partnership with Shidax, but the preferred shares were converted into common shares, and the method and timing of the company's acquisition of the shares remain under discussion. The transaction is not complete and is at the stage of readjusting the procedures and terms. - FY2022First statedAnnual report
「The resolution to acquire the shares was made with the aim of establishing a business partnership between the various businesses operated by the Shidax group, primarily its food-related businesses, and our various businesses.」
The company resolved to acquire 4,000 Series 1 Class B preferred shares of Shidax for a total of ¥8 billion. It first presented a plan to fund the acquisition through borrowings and complete it between late August and early September 2022.