Entry into the paper packaging business through the acquisition of Vietnam-based SLP as a subsidiary
First written in FY2024. 3 of 5 entries say "Advanced", first in FY2025-H1. Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1AdvancedAnnual report
「Net sales were ¥1,285 million, up 35.1% year on year, due to sales growth at overseas subsidiaries following the development of production and sales systems, as well as the capture of temporary front-loaded demand at domestic subsidiaries associated with price revisions and the situation in the Middle East.」
For the overseas subsidiary acquired in the previous fiscal year, sales growth following the development of its production and sales systems was reflected in consolidated results, and sales from Other businesses increased 35.1% year on year. - FY2026-H1AdvancedAnnual report
「Although a subsidiary engaged in the manufacture and sale of inserting machines was excluded from the scope of consolidation following a share transfer, net sales were ¥951 million, up 67.8% year on year, due to the inclusion of sales from an overseas subsidiary acquired in the previous consolidated fiscal year.」
Sales from the overseas subsidiary acquired in the previous fiscal year were recorded in Other businesses, and the overseas business began contributing to consolidated results. - FY2025AchievedAnnual report
「As the company acquired shares in SONGLAM TRADING AND PACKAGING PRODUCTION JOINT STOCK COMPANY on 24 June 2024, the company has included it in the scope of consolidation from the current interim consolidated accounting period. / Voting rights acquired: 55% / Acquisition cost: ¥1,128 million」
The acquisition of SLP Vietnam as a subsidiary, which had been at the planning stage, was completed on 24 June 2024, and it became a consolidated subsidiary with 55% of the voting rights acquired at an acquisition cost of ¥1,128 million. - FY2025-H1AdvancedAnnual report
「As the company acquired shares in SONGLAM TRADING AND PACKAGING PRODUCTION JOINT STOCK COMPANY on 24 June 2024, the company has included it in the scope of consolidation from the current interim consolidated accounting period. / Voting rights acquired: 55% / Acquisition cost: ¥1,128 million」
The acquisition of SLP Vietnam as a subsidiary, which had been disclosed as scheduled for FY2024, was completed on 24 June 2024, with 55% of the voting rights acquired. The acquisition cost was ¥1,128 million, and only the balance sheet was consolidated for the interim period. - FY2024First statedAnnual report
「We have decided to make SLP, which has more than 20 years of experience in the packaging field, a subsidiary in Vietnam, where particularly strong growth is expected in Southeast Asia. … Percentage of voting rights to be acquired: 55% / Business combination date: late May 2024 (scheduled)」
The company disclosed for the first time a plan to acquire 55% of the voting rights of SLP, a Vietnamese paperboard packaging manufacturer, and enter the Vietnamese paper packaging business as part of efforts to create a growth engine for Stage II of its long-term vision.