Material Recycling Business for Used Disposable Diapers and Other Materials
First written in FY2023-Q1. 1 of 3 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2023-Q3.
0 other companies' latest entry also says "Other".
- FY2023-Q3Acquisition cost and goodwill disclosedAnnual report
「Consideration for acquisition Consideration for acquisition of shares paid in cash ¥7,485 million Acquisition cost ¥7,485 million」
The company disclosed an acquisition cost of ¥7,485 million for the acquisition of all shares in Daiki. Daiki's results after the acquisition were included in consolidated profit and loss from 1 November through 31 December 2022, and goodwill of ¥5,804 million was calculated on a provisional basis. - FY2023-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 12 August 2022, the company resolved to acquire all shares of Daiki Co., Ltd., a pet-products manufacturer owned by Marunouchi Capital Second Investment Limited Partnership and Marunouchi Global Fund II L.P., and make it a subsidiary. The company entered into a share transfer agreement on the same date and acquired all shares on 3 October 2022.」
The company completed the acquisition of all shares in Daiki and secured the business foundation for realizing a material recycling model that uses pulp, polymers and other materials derived from used disposable diapers in paper-based cat litter. The recycling model itself remains at the stage of being developed for future implementation. - FY2023-Q1First statedAnnual report
「Since June 2022, the company has been working to address social issues through its business activities, including joint research on recycling used disposable diapers. Through this acquisition of shares, the company expects not only to establish a material recycling model within the group, but also to further strengthen the earnings base of its Home & Personal Care business.」
The company began joint research on recycling used disposable diapers in June 2022 and aims to establish a material recycling model through the acquisition of all shares in Daiki, a pet-products company, using pulp and polymers derived from production losses and used disposable diapers in paper-based cat litter.