Expansion of the food-service business through the acquisition of all shares in 株式会社Ｍ．Ｉ．Ｔ, making it a wholly owned subsidiary
First written in FY2018. 12 of 22 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2024.
The whole theme swung hardest in 2018: 1 of 11 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The purpose is to integrate overlapping functions within the group into the company, consolidate management resources, and improve management efficiency.」
The company reconfirmed that the absorption-type merger of 株式会社Ｍ．Ｉ．Ｔ was a transaction intended to integrate overlapping functions and consolidate and streamline management resources. - FY2024-H1RestatedAnnual report
「The purpose of this merger is to integrate overlapping functions within the group into the company, consolidate management resources, and improve management efficiency.」
The company reconfirmed that the absorption-type merger of 株式会社Ｍ．Ｉ．Ｔ effective 1 April 2024 was a transaction intended to integrate overlapping functions and consolidate and streamline management resources. - FY2024-Q1AchievedAnnual report
「The company conducted an absorption-type merger of its consolidated subsidiary, 株式会社Ｍ．Ｉ．Ｔ, effective 1 April 2024.」
The company disclosed that the planned absorption-type merger of 株式会社Ｍ．Ｉ．Ｔ was completed effective 1 April 2024. - FY2023AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 February 2024, the company resolved to conduct an absorption-type merger, with the company as the surviving company and its wholly owned subsidiary 株式会社Ｍ．Ｉ．Ｔ as the absorbed company, effective 1 April 2024 (予定), and entered into the merger agreement on the same date.」
The company resolved to conduct and entered into an agreement for the planned absorption-type merger of 株式会社Ｍ．Ｉ．Ｔ, scheduled for 1 April 2024. The plan is to integrate overlapping functions within the group and consolidate and streamline management resources. - FY2023-Q3RestatedAnnual report
「At 株式会社Ｍ．Ｉ．Ｔ as well, same-store revenue increased as demand for dining out recovered. In addition, the Fukuoka project increased the number of stores and contributed to higher revenue.」
At М．Ｉ．Ｔ, the company reconfirmed that same-store revenue increased as demand for dining out recovered and that the increase in stores through the Fukuoka project also contributed to revenue. - FY2023-Q2AdvancedAnnual report
「At 株式会社Ｍ．Ｉ．Ｔ as well, same-store revenue increased as demand for dining out recovered. In addition, the Fukuoka project added 8 stores, contributing to the increase in revenue.」
At М．Ｉ．Ｔ, same-store revenue increased as demand for dining out recovered, and the Fukuoka project added 8 stores. - FY2023-Q1AdvancedAnnual report
「At 株式会社Ｍ．Ｉ．Ｔ as well, customer traffic increased and revenue rose as restrictions such as shortened operating hours were lifted and its craftsman-style, high-value-added format gained customer support.」
At М．Ｉ．Ｔ, customer traffic and revenue increased following the lifting of shortened operating hours and continued support for its high-value-added format. - FY2022AdvancedAnnual report
「At 株式会社Ｍ．Ｉ．Ｔ as well, customer traffic increased and revenue rose as restrictions such as shortened operating hours were lifted and its craftsman-style, high-value-added format gained customer support.」
At М．Ｉ．Ｔ, customer traffic and revenue increased following the lifting of shortened operating hours and continued support for its high-value-added format, advancing the recovery of the food-service business. - FY2022-Q3AdvancedAnnual report
「At 株式会社Ｍ．Ｉ．Ｔ as well, customer traffic increased and revenue rose as restrictions such as shortened operating hours were lifted and its craftsman-style, high-value-added format gained customer support.」
At М．Ｉ．Ｔ, customer traffic and revenue increased following the lifting of shortened operating hours and continued support for its high-value-added format. - FY2022-Q2AdvancedAnnual report
「At 株式会社Ｍ．Ｉ．Ｔ as well, customer traffic increased and revenue rose as restrictions such as shortened operating hours were lifted and its craftsman-style, high-value-added format gained customer support.」
At М．Ｉ．Ｔ, customer traffic increased and revenue rose following the lifting of shortened operating hours and continued support for its high-value-added format. - FY2022-Q1AdvancedAnnual report
「At 株式会社Ｍ．Ｉ．Ｔ as well, the company shortened operating hours and refrained from serving alcoholic beverages in response to requests from the government and local authorities. However, its craftsman-style, high-value-added format gained customer support, and customer traffic and average customer spending gradually recovered.」
At М．Ｉ．Ｔ, customer traffic and average customer spending gradually recovered as the high-value-added format gained customer support. - FY2021AdvancedAnnual report
「Accordingly, we will proceed with opening company-operated and licensed locations in Japan and overseas under both the Unatoto and M.I.T brands.」
The company formalized its policy of proceeding with the opening of company-operated and licensed locations in Japan and overseas under both brands, including М．Ｉ．Ｔ. - FY2021-Q3WorsenedAnnual report
「At 株式会社Ｍ．Ｉ．Ｔ as well, customer traffic remained low and average customer spending declined because the company responded to requests from the government and local authorities by temporarily closing stores, shortening operating hours, and refraining from serving alcoholic beverages.」
At wholly owned subsidiary М．Ｉ．Ｔ, customer traffic remained low and average customer spending declined because of closures, shortened operating hours, and restrictions on serving alcoholic beverages in response to government requests. - FY2021-Q2WorsenedAnnual report
「At 株式会社Ｍ．Ｉ．Ｔ as well, customer traffic remained low and average customer spending declined because the company responded to requests from the government and local authorities by temporarily closing stores, shortening operating hours, and refraining from serving alcoholic beverages.」
At wholly owned subsidiary М．Ｉ．Ｔ, customer traffic remained low and average customer spending declined because of closures, shortened operating hours, and restrictions on serving alcoholic beverages in response to government requests. - FY2020-Q3AdvancedAnnual report
「In addition, the effects of the scrap-and-build measures implemented in the previous fiscal year have begun to emerge, with performance recovering to around pre-state-of-emergency levels and operating profit turning positive.」
The company states that М．Ｉ．Ｔ recovered to around pre-state-of-emergency performance levels and achieved operating profitability as a result of the effects of the previous fiscal year's scrap-and-build measures. - FY2020-Q2RestatedAnnual report
「In addition, by making 株式会社Ｍ．Ｉ．Ｔ a subsidiary in March 2019, the company promoted the expansion of earnings capacity in the food-service business.」
The company continues to promote the expansion of earnings capacity following the incorporation of М．Ｉ．Ｔ into the food-service business. - FY2020-Q1RestatedAnnual report
「In addition, by making 株式会社Ｍ．Ｉ．Ｔ a subsidiary in March 2019 and adding it to the food-service business, we worked to expand earnings capacity.」
The company continues to promote the expansion of earnings capacity following the incorporation of М．Ｉ．Ｔ into the food-service business. - FY2019AdvancedAnnual report
「Through the acquisition of 株式会社Ｍ．Ｉ．Ｔ as a subsidiary, we expanded our restaurant operations and worked to capture a broader range of consumer needs and share and activate operating expertise.」
After М．Ｉ．Ｔ became a wholly owned subsidiary, the company incorporated it into the food-service business, shared operating expertise, and established its compliance and operating framework. - FY2019-Q3AdvancedAnnual report
「In addition, through the acquisition of 株式会社Ｍ．Ｉ．Ｔ as a subsidiary, we expanded our restaurant operations and worked to capture a broader range of consumer needs and share and activate operating expertise.」
After М．Ｉ．Ｔ became a subsidiary, the company has been expanding its restaurant operations, capturing a broader range of consumer needs, and sharing and activating operating expertise. - FY2019-Q2AdvancedAnnual report
「In addition, 株式会社Ｍ．Ｉ．Ｔ became a subsidiary in March 2019 and was added to the food-service business. As a result, revenue increased but profit declined.」
Ｍ．Ｉ．Ｔ, which had become a wholly owned subsidiary, was incorporated into the food-service business, and the addition of the business after the acquisition was reflected in second-quarter segment results. - FY2019-Q1AchievedAnnual report
「In addition, the company became a wholly owned subsidiary through the acquisition of its shares effective 1 March 2019.」
The company acquired shares in 株式会社Ｍ．Ｉ．Ｔ, and the acquisition of 100% of its shares resulted in it becoming a wholly owned subsidiary. - FY2018First statedAnnual report
「This is intended to accelerate the expansion of restaurant operations, the development of new formats through the sharing and activation of knowledge and insight into consumer needs, and support for opening multiple locations through overseas expansion.」
With 1 March 2019 as the business combination date, 100% of the shares in 株式会社Ｍ．Ｉ．Ｔ were acquired for ¥10,000 in cash, making it a wholly owned subsidiary. The acquisition was intended to expand restaurant operations, develop new formats, and accelerate support for multiple-location expansion through overseas operations.