Expansion of the gardening business through the acquisition of Syngenta Japan's flower business
First written in FY2021-Q3. 2 of 8 entries say "Restated". Latest entry: FY2026-H1.
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- FY2026-H1Lower sales of gardening products due to unfavourable weatherAnnual report
「The Gardening Supplies segment reported sales of ¥2,371 million, down ¥249 million, or 9.5%, year on year, as sales declined due to unsettled weather in early spring and other factors.」
Gardening supplies declined 9.5% year on year due to unsettled weather in early spring and other factors. - FY2024-Q1Growth in the flower business, but lower overall gardening product salesAnnual report
「In the Gardening Products segment, although the flower business operated by subsidiary FSブルーム株式会社 grew, sales of the core herbicides, gardening hand sprayers and gardening products for nuisance pests fell below the previous period. As a result, total gardening product sales amounted to ¥1,510 million, down ¥204 million, or 11.9%, year on year.」
Although the flower business grew, total gardening supplies declined 11.9% year on year due to lower sales of core products such as herbicides. - FY2023WorsenedAnnual report
「Signs of impairment were identified due to declining profitability resulting from changes in the business environment. After examining future recoverability, the carrying amount of goodwill and other assets held by the company was reduced to the recoverable amount, and an impairment loss of ¥314 million was recorded as an extraordinary loss.」
An impairment loss of ¥314 million was recorded for FSブルーム株式会社’s business due to declining profitability, indicating financial deterioration related to the initiative to expand the gardening business. - FY2022AdvancedAnnual report
「The amount of goodwill generated was ¥321 million. Although provisional accounting treatment had been applied during the first quarter consolidated accounting period, the amount was finalised during the current consolidated fiscal year.」
Regarding the acquisition of Syngenta Japan’s flower business, the provisionally recorded goodwill of ¥356 million was finalised at ¥321 million. - FY2022-Q3RestatedAnnual report
「In the Japan segment, FSブルーム株式会社, a consolidated subsidiary of the Company, acquired Syngenta Japan株式会社’s flower business on 1 April 2021. Goodwill increased by ¥356 million as a result of this transaction during the cumulative third quarter period under review.」
The acquisition of Syngenta Japan’s flower business and the recording of ¥356 million in goodwill have been reaffirmed. - FY2022-Q2RestatedAnnual report
「In the Japan segment, FSブルーム株式会社, a consolidated subsidiary of the Company, acquired Syngenta Japan株式会社’s flower business on 1 April 2021. Goodwill increased by ¥356 million as a result of this transaction during the cumulative second quarter period under review.」
The company disclosed that ¥356 million in goodwill was recorded during the cumulative second quarter period in connection with the acquisition of the flower business completed on 1 April 2021. - FY2021AchievedAnnual report
「FSブルーム株式会社, a consolidated subsidiary of the Company, acquired Syngenta Japan株式会社’s flower business pursuant to a resolution of its Board of Directors held on 31 March 2021.」
FSブルーム株式会社 acquired Syngenta Japan株式会社’s flower business on 1 April 2021 and began expanding the business by proposing it together with its existing gardening sales channels. - FY2021-Q3First statedAnnual report
「In view of the current scale of this business in Japan, we decided to acquire it because we judged that the business and our Company could develop further by proposing it together with gardening products through the various sales channels we have established. Business combination date: 1 April 2021」
The company decided to acquire Syngenta Japan株式会社’s flower business and acquire shares, with cash as consideration, for the purpose of proposing it together with existing gardening products through each sales channel. The business combination date was 1 April 2021, and the acquisition price and other details were not yet determined or were undisclosed.