Entry into the food service media business through a capital and business alliance with Retty
First written in FY2023-Q3. 1 of 2 entries say "Advanced", first in FY2023. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023AdvancedAnnual report
「Through this capital and business alliance, we intend to enter the food-service media business and accumulate expertise and know-how in the sector, while leveraging the customer assets held by both our group and Retty to launch new businesses in adjacent food-service areas and create business synergies for both companies. Accordingly, we decided to enter into this capital and business alliance.」
The annual report provided greater detail on the framework for the capital and business alliance with Retty, including the acquisition of 222,300 shares representing 1.50% of voting rights, Retty becoming an equity-method affiliate, the provision of management and marketing know-how, and the creation of new revenue sources. - FY2023-Q3First statedAnnual report
「Through this capital and business alliance, we intend to enter the food-service media business and accumulate expertise and know-how in the sector, while leveraging the customer assets held by both our group and Retty to launch new businesses in adjacent food-service areas and create business synergies for both companies. Accordingly, we decided to enter into this capital and business alliance.」
We entered into a capital and business alliance agreement with Retty effective 11 November 2022, with the aim of entering the food-service media business and launching new businesses in adjacent food-service areas. We acquired 222,300 Retty shares for ¥52,462,800 and are working to provide marketing know-how, leverage customer assets and create revenue sources using the assets of both companies.