Comprehensive Capital and Business Alliance with Mitsubishi Paper Mills
First written in FY2018-Q3. 6 of 13 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2023-Q2.
No other company in this theme has enough history to compare yet.
- FY2023-Q2RestatedAnnual report
「In addition, the Company will continue to advance its business alliance with Mitsubishi Paper Mills Limited and work to maximize the benefits of the alliance.」
Reaffirming the policy of continuing the business alliance with Mitsubishi Paper Mills Limited and working to maximize the benefits of the alliance. - FY2023-Q1RestatedAnnual report
「In addition, the Company will continue to advance its business alliance with Mitsubishi Paper Mills Limited and work to strengthen profitability.」
Reaffirming the policy of continuing the business alliance with Mitsubishi Paper Mills Limited and working to strengthen profitability. - FY2022-Q3RestatedAnnual report
「In addition, the Company will further realize the benefits of its business alliance with Mitsubishi Paper Mills Limited, including the cost reductions already achieved by eliminating cross-haulage, while working to improve profitability, strengthen international competitiveness and increase cash flow.」
Under the alliance with Mitsubishi Paper Mills Limited, continuing the policy of further realizing existing alliance benefits, including the elimination of cross-haulage. - FY2022-Q2AdvancedAnnual report
「In its cooperation with Mitsubishi Paper Mills Limited, the Company transferred the carbonless paper business in September 2020 and acquired the pressboard business in October 2021. These measures are intended to focus and concentrate management resources at Oji Group and Mitsubishi Paper Mills Limited in response to changes in demand in the functional materials market, thereby improving productivity and profitability and strengthening competitiveness at both companies.」
As benefits of the alliance with Mitsubishi Paper Mills Limited, the Company followed the transfer of the carbonless paper business with the acquisition of the pressboard business in October 2021, advancing the restructuring of its business portfolio in the functional materials field. - FY2021-Q2AdvancedAnnual report
「Specifically, the carbonless paper business was transferred to Mitsubishi Paper Mills Limited, with the transfer completed in September 2020. In addition, the company has decided to acquire the pressboard business from Mitsubishi Paper Mills Limited, scheduled for October 2021.」
As benefits of the alliance with Mitsubishi Paper Mills Limited, the Company completed the transfer of the carbonless paper business and decided to acquire the pressboard business, thereby giving concrete form to the restructuring of its business portfolio in the functional materials field. - FY2021-Q1AdvancedAnnual report
「In addition, the Company will bring forward the benefits of its business alliance with Mitsubishi Paper Mills Limited, including cost reductions from eliminating cross-haulage, to improve competitiveness and profitability.」
Under the alliance with Mitsubishi Paper Mills Limited, the companies are bringing forward specific alliance benefits, including the elimination of cross-haulage. The transfer of production and sales operations for the carbonless paper business is also described as a measure to focus and concentrate resources through the alliance. - FY2020AdvancedAnnual report
「As part of these efforts, 三菱製紙販売株式会社 changed its corporate name to 三菱王子紙販売株式会社 in November 2019. This change was intended to transform 三菱製紙販売株式会社 into an agency with a stronger procurement base by handling the Oji brand in addition to the Mitsubishi brand. In the same month, the companies also began jointly procuring imported wood chips, the primary raw material for the paper business, to reduce raw material procurement costs.」
Under the alliance with Mitsubishi Paper Mills Limited, the companies are putting cooperation in sales and procurement into practice through the corporate-name change of the sales company and the launch of joint procurement of imported wood chips. - FY2020-Q3AdvancedAnnual report
「As part of these efforts, 三菱製紙販売株式会社 changed its corporate name to 三菱王子紙販売株式会社 in November 2019. This change was intended to transform 三菱製紙販売株式会社 into an agency with a stronger procurement base by handling the Oji brand in addition to the Mitsubishi brand. In the same month, the companies also began jointly procuring imported wood chips, the primary raw material for the paper business, to reduce raw material procurement costs.」
Under the alliance with Mitsubishi Paper Mills Limited, moved forward with a corporate-name change for the sales company, the launch of joint procurement of imported wood chips, and the creation of synergies through greater efficiency in procurement, logistics and personnel. - FY2020-Q1Cited as achievedAnnual report
「After obtaining approvals from competition authorities in Japan and overseas, the Company completed on 29 March 2019 the payment for the issuance of new shares through a third-party allotment by Mitsubishi Paper Mills Limited and the acquisition of shares in the company from its shareholders. As a result, the Group's voting rights ratio in the company became 33.00%, and the company became an equity-method affiliate of the Company.」
Cites the completion of regulatory approvals, payment for the third-party allotment and share acquisition as past achievements under the capital and business alliance with Mitsubishi Paper Mills Limited. - FY2019AchievedAnnual report
「After obtaining approvals from competition authorities in Japan and overseas, the Company completed on 29 March 2019 the payment for the issuance of new shares through a third-party allotment by Mitsubishi Paper Mills Limited and the acquisition of shares in the company from its shareholders.」
For the comprehensive capital and business alliance with Mitsubishi Paper Mills Limited, completed the required regulatory approvals, payment for the third-party allotment and share acquisition. - FY2019-Q3AdvancedAnnual report
「Execution of the alliance is conditional on obtaining approvals from competition authorities in Japan and overseas, among other conditions. On 25 December 2018, however, the Company obtained clearance from the Japan Fair Trade Commission for the filing relating to the alliance. Procedures to obtain clearance from competition authorities overseas will continue.」
For the capital and business alliance with Mitsubishi Paper Mills Limited, clearance was obtained from the Japan Fair Trade Commission, and procedures with overseas competition authorities are now under way. - FY2019-Q1RestatedAnnual report
「On 6 February 2018, the Company entered into a capital alliance agreement concerning a capital and business alliance with Mitsubishi Paper Mills Limited. The two companies had expanded the scope of their business alliance by launching a joint biomass power generation business and a household paper joint venture, beginning with their business alliance in the information paper field. This capital alliance will enable them to further strengthen cooperation across multiple businesses, rather than remaining in one-off cooperative relationships in specific businesses.」
Reaffirming the policy of strengthening cooperation across multiple businesses, including information paper, joint biomass power generation and a household paper joint venture, under the capital and business alliance agreement with Mitsubishi Paper Mills Limited. - FY2018-Q3First statedAnnual report
「On 6 February 2018, the Company entered into a capital alliance agreement concerning a capital and business alliance with Mitsubishi Paper Mills Limited. The two companies had expanded the scope of their business alliance by launching a joint biomass power generation business and a household paper joint venture, beginning with their business alliance in the information paper field. This capital alliance will enable them to further strengthen cooperation across multiple businesses, rather than remaining in one-off cooperative relationships in specific businesses.」
Entered into an agreement to expand existing cooperation in information paper, joint biomass power generation and a household paper joint venture into a comprehensive relationship spanning multiple businesses through a capital alliance. The agreement also covers the restructuring of Mitsubishi Paper Mills' German subsidiary business, and its implementation is conditional on filings under the Financial Instruments and Exchange Act and approvals from competition authorities in Japan and overseas.