Stable pulp procurement through the acquisition of ALD as a subsidiary
First written in FY2016. 4 of 9 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AdvancedAnnual report
「To secure appropriate quantities of raw materials essential to business continuity and achieve stable procurement, the company is implementing measures including diversifying its raw-material suppliers and entering into supply agreements, and is progressing as planned.」
The company stated that, in addition to securing appropriate quantities of raw materials, it was advancing the diversification of raw-material suppliers and execution of supply agreements as specific measures and was progressing as planned. - FY2024AdvancedAnnual report
「Optimisation of inventory by business location and site Diversification of inventory locations Securing a stable, continuous supply of raw materials Diversification of raw-material suppliers」
The company explicitly identified the diversification of inventory locations and raw-material suppliers as ESG materiality initiatives related to stable raw-material procurement and stable supply. - FY2022RestatedAnnual report
「For both separators for aluminum electrolytic capacitors and functional materials, we will continue working to reduce costs through productivity improvements, optimize the supply chain by making effective use of the head office and head office plant sites and the Aki plant site, and secure stable supplies of raw materials.」
The company stated its policy of continuing stable raw-material procurement through SCM-based supply-chain optimisation rather than ownership of a specific subsidiary. - FY2021RestatedAnnual report
「In addition to further advancing the BCM activities undertaken to establish a stable supply system, the company will firmly address the optimisation of the supply chain, including raw-material procurement.」
The company continued its policy of addressing raw-material procurement and stable supply through a framework of BCM activities and supply-chain optimisation rather than through ownership of a specific subsidiary. - FY2020ReframedAnnual report
「In addition to further advancing the BCM activities undertaken to establish a stable supply system, the company will firmly address the stable procurement of raw materials essential to product supply from an SCM perspective.」
The wording changed from identifying ALD and the SPMI Group individually to describing stable raw-material procurement within a BCM and SCM framework. - FY2019-Q2AdvancedAnnual report
「During the second quarter, the price adjustment upon execution of the transfer of shares and other assets stipulated in the transfer agreement was completed, and the transfer price and gain or loss on the transfer were finalised.」
Regarding the transfer of ALD, the company completed the price adjustment at execution and finalised the transfer price and gain or loss on the transfer, further advancing the process of changing from ownership of a subsidiary to procurement relationships with local companies. - FY2019-Q1AdvancedAnnual report
「On 7 June 2018, the company transferred all shares it held in its consolidated Philippine subsidiary, Albay Agro-Industrial Development Corporation, a pulp manufacturer, and the full amount of loans receivable from ALD.」
The company completed the transfer of all ALD shares and loans receivable and excluded ALD from the scope of consolidation at the end of the first quarter. It specifically advanced the shift from procuring raw materials through ownership of a subsidiary to procurement relationships with the SPMI Group and other parties. - FY2018ReframedAnnual report
「In June 2018, the company entered into a share transfer agreement for its consolidated subsidiary Albay Agro-Industrial Development Corporation and a procurement agreement for Manila hemp pulp with SPECIALTY PULP MANUFACTURING, INC., a Philippine manufacturer and seller of Manila hemp pulp, and its affiliated companies, collectively referred to below as the SPMI Group. Going forward, the company will seek to secure a stable supply of raw materials by procuring the pulp stably from the SPMI Group while maintaining cooperative and trusting relationships with suppliers. It will also work to enhance corporate value by fulfilling its responsibility to ensure a stable supply of its products to customers and improving capital efficiency across the group.」
The company changed its policy from holding ALD as a subsidiary to transferring ALD to the SPMI Group and procuring Manila hemp pulp from the group. The objectives of stable raw-material procurement, a stable product supply, and improved capital efficiency across the group remain unchanged. - FY2016AchievedAnnual report
「The company decided to acquire shares in ALD, judging that making ALD a subsidiary would enable it to procure the raw materials for its separator business stably over the long term and maintain and strengthen a stable supply system for its products.」
ALD became a subsidiary on 29 January 2016, and the post-acquisition voting rights ratio was 98.6%. The acquisition to secure a stable supply of raw materials had been completed.