Growth in the U.S. market through the acquisition of MISSION FLAVORS & FRAGRANCES, INC.
First written in FY2020. 8 of 12 entries say "Restated". Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024AdvancedAnnual report
「The U.S.-based MISSION FLAVORS & FRAGRANCES, INC. was absorbed and merged into T. HASEGAWA U.S.A., INC. in February 2024.」
Following the acquisition of MISSION, the absorption-type merger into T. HASEGAWA U.S.A., INC. was completed in February 2024, advancing the organizational integration of the U.S. business. - FY2024-Q2AdvancedAnnual report
「During the second quarter of the current consolidated fiscal year, T. HASEGAWA U.S.A., INC., the Company’s consolidated subsidiary in the “U.S.” reporting segment, absorbed and merged MISSION FLAVORS & FRAGRANCES, INC., which is also a consolidated subsidiary of the Company and a second-tier subsidiary, in the “U.S.” reporting segment.」
The absorption-type merger of MISSION, with T. HASEGAWA U.S.A., INC. as the surviving company, was completed during the second quarter of the current consolidated fiscal year, further advancing the organizational integration of the U.S. business. - FY2023RestatedAnnual report
「In the U.S., we are realizing synergies between T. HASEGAWA U.S.A., INC. and MISSION FLAVORS & FRAGRANCES, INC. We will continue to pursue active sales activities for local customers and seek to expand performance in the U.S. market.」
The Company continues to pursue its policy of expanding the U.S. market by realizing synergies following the acquisition of MISSION and conducting sales activities targeting local customers. - FY2022RestatedAnnual report
「In addition, the results of the U.S.-based MISSION FLAVORS & FRAGRANCES, INC. (hereinafter, “MISSION”), which became a newly consolidated subsidiary in December 2020, contributed to the Group’s consolidated results for the full year (the previous consolidated fiscal year included MISSION’s results for the 9-month period from January to September 2021).」
MISSION’s results contributed to consolidated results for the full year. - FY2022-Q3RestatedAnnual report
「In addition, the results of MISSION FLAVORS & FRAGRANCES, INC. of the United States (hereinafter, “MISSION”), which became a new consolidated subsidiary in December 2020, contributed to the Group’s consolidated results for the full fiscal year. The results for the same period of the previous year covered the six months from January to June 2021.」
The Company has confirmed that MISSION’s results contributed to consolidated results for the full fiscal year and continues its policy of expanding its U.S. business following the acquisition. - FY2022-Q2RestatedAnnual report
「In addition, the results of MISSION FLAVORS & FRAGRANCES, INC. of the United States (hereinafter, “MISSION”), which became a new consolidated subsidiary in December 2020, contributed to the Group’s consolidated results. The results for the same period of the previous year covered the three months from January to March 2021.」
The Company continues to confirm MISSION’s contribution to results following the acquisition and continues its policy of expanding its U.S. business on a consolidated basis. - FY2022-Q1RestatedAnnual report
「In addition, the results of MISSION FLAVORS & FRAGRANCES, INC. of the United States (hereinafter, “MISSION”), which became a new consolidated subsidiary in December 2020, contributed to the Group’s consolidated results. There were no results in the first quarter of the previous year.」
Following the acquisition of MISSION, its results continued to contribute to the Group’s consolidated results for the first quarter. - FY2021RestatedAnnual report
「The Company aims to achieve sales and manufacturing synergies between the two companies at an early stage, while continuing proactive sales activities targeting local customers to expand its business performance in the U.S. market.」
Following the acquisition of MISSION, the Company continues its policy of expanding the U.S. market through sales and manufacturing synergies and sales activities targeting local customers. - FY2021-Q3RestatedAnnual report
「During the first quarter, the Company’s consolidated subsidiary T. HASEGAWA U.S.A., INC. acquired all shares of MISSION FLAVORS & FRAGRANCES, INC., which manufactures and sells various food flavors in the United States. The Company aims to ensure the successful execution of post-merger integration (PMI), achieve sales and manufacturing synergies between the two companies at an early stage, continue proactive sales activities targeting local customers, and expand its business performance in the U.S. market.」
Following the acquisition of all shares of MISSION, the Company continues to indicate its policy of expanding its U.S. business through PMI, the realization of sales and manufacturing synergies, and sales activities targeting local customers. - FY2021-Q2RestatedAnnual report
「In addition, the results of MISSION FLAVORS & FRAGRANCES, INC. of the United States (hereinafter, “MISSION”), which became a new consolidated subsidiary in December 2020, contributed to the Group’s consolidated results. There were no results in the same period of the previous year.」
Following the acquisition of MISSION, its results continued to contribute to the Group’s consolidated results for the first six months. The policy of expanding results in the U.S. market through successful PMI execution, early realization of sales and manufacturing synergies, and sales activities targeting local customers also continues. - FY2021-Q1AdvancedAnnual report
「During the first quarter, the Company’s consolidated subsidiary T. HASEGAWA U.S.A., INC. acquired all shares of MISSION FLAVORS & FRAGRANCES, INC. (hereinafter, “MISSION”), which manufactures and sells various food flavors in the United States. The Company aims to ensure the successful execution of post-merger integration (PMI), achieve sales and manufacturing synergies between the two companies at an early stage, continue proactive sales activities targeting local customers, and expand its business performance in the U.S. market.」
The acquisition of all shares of MISSION was completed on 29 December 2020, and the Company has moved into the stage of executing post-merger integration, realizing sales and manufacturing synergies, and pursuing sales activities targeting local customers. - FY2020First statedAnnual report
「Because THUSA and MISSION have largely non-overlapping customer networks and are highly complementary, the Company decided to acquire MISSION’s shares to achieve further growth in the U.S. market, with synergies expected in sales and manufacturing.」
T. HASEGAWA U.S.A., INC. disclosed for the first time its plan to acquire all shares of MISSION. The scheduled acquisition date was 29 December 2020, the purchase price was approximately US$127,480 thousand, and the ownership ratio after the acquisition was 100%, with the aim of growing in the United States through sales and manufacturing synergies.