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Eternal Hospitality Group (3193) · InitiativeAchieved

Strengthening presence and pursuing synergies in Japan’s foodservice market through the acquisition of ダイキチシステム株式会社 as a subsidiary

First written in FY2022. 2 of 4 entries say "Achieved", first in FY2023-Q2. Latest entry: FY2024-Q3.

4entries
3years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseAchievedFY2023-Q1 – FY2024-Q32022: 220222023: 120232024: 12024
Same theme, other companies
Diversifying Foodservice Brands and Strengthening Product Development and Talent through M&AA theme 18 companies write about · 0 as a headwind · 21 as a tailwind

The whole theme swung hardest in 2020: 1 of 8 companies on the "Worse" side.

0 other companies' latest entry also says "Achieved".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 18 companies compared. The sentences above are computed from all 18.
Full recordFilings, disclosures and news, newest first
  1. FY2024-Q3AchievedAnnual report

    「Upon finalisation of this provisional accounting treatment, significant revisions to the initial allocation of the acquisition cost were reflected in the comparative information included in the quarterly consolidated financial statements for the nine months ended the third quarter. The provisionally calculated goodwill of ¥365.881 million became ¥271.933 million upon finalisation of the allocation of the acquisition cost.」

    The provisional purchase price allocation accounting for the business combination with ダイキチシステム株式会社 completed on 4 January 2023 was finalised. Goodwill was revised from ¥365.881 million to ¥271.933 million.
  2. FY2023-Q2AchievedAnnual report

    「In January 2023, the company acquired all shares of ダイキチシステム株式会社, which operates 515 restaurants, including Yakitori Daikichi, under its brands.」

    The company acquired all shares of ダイキチシステム株式会社 on 4 January 2023 and completed the acquisition of a wholly owned subsidiary. The purchase consideration was ¥600 million, the company became a consolidated subsidiary from the second quarter of the current consolidated fiscal year, and 515 restaurants were added to the Group's network.
  3. FY2023-Q1AdvancedAnnual report

    「At a board meeting held on 13 September 2022, the company resolved to acquire shares of ダイキチシステム株式会社 and make it a subsidiary, and entered into a share transfer agreement on the same date.」

    Regarding the acquisition of ダイキチシステム株式会社 as a subsidiary, the company disclosed that it had entered into a share transfer agreement in addition to the board resolution. The scheduled acquisition date was 4 January 2023, and the ownership interest after acquisition was 100%.
  4. FY2022First statedAnnual report

    「The company decided to acquire the shares of ダイキチシステム株式会社, having determined that bringing the company into the Group would strengthen its presence in Japan's food-service market, enable it to pursue synergies, and further enhance corporate value. Scheduled share acquisition date: 4 January 2023. Number of shares to be acquired: 144. Ownership interest after acquisition: 100%.」

    At a board meeting held on 13 September 2022, the company resolved to acquire shares of ダイキチシステム株式会社 on 4 January 2023 and make it a wholly owned subsidiary. The purchase funds are expected to be obtained from internal funds and borrowings.
Moved together

"Expansion of Torikizoku’s brand awareness and store network through new store openings" moved the same way as this thread, in the same document, in 3 of its 4 moves.

3322★1234
  1. ★This thread
  2. 1Expansion of Torikizoku’s brand awareness and store network through new store openings3×
  3. 2Financial Policy Using a 40% Equity Ratio as a Benchmark3×
  4. 3The Global “Torikizoku” Through Overseas Expansion2×
  5. 4Risks from Reliance on Interest-Bearing Debt, Rising Interest Rates and Financial Covenants2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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No upcoming earnings preview for Eternal Hospitality Group yet.
News
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Strengthening presence and pursuing synergies in Japan’s foodservice market through the acquisition of ダイキチシステム株式会社 as a subsidiary | Eternal Hospitality Group Co.,Ltd. (3193) | Komori