Expansion of local subsidiaries, joint ventures and investments for Middle East operations
First written in FY2018-Q3. 3 of 8 entries say "Restated". Latest entry: FY2023-Q3.
0 other companies' latest entry also says "Other".
- FY2023-Q3Deteriorating performance at an investee and recognition of an investment lossAnnual report
「At equity-method affiliate Bluefin Trading LLC, the company recognized a ¥128 million equity-method investment loss as a non-operating expense, reflecting deteriorating results in the third quarter of the current consolidated fiscal year, an expected decline in sales to a major business partner and the anticipated impact on Bluefin's future results.」
In response to deteriorating results at Bluefin Trading LLC, an investee for the Middle East business, and an expected decline in sales to a major business partner, the company recognized a ¥128 million equity-method investment loss. - FY2022RestatedAnnual report
「We are promoting initiatives to build a Japanese-food value chain and create a cooked-rice market by collaborating across business boundaries with local and Japanese businesses, food-ingredient suppliers and commercial-kitchen operators.」
The company continues to pursue Middle East business measures centered not only on a local sales subsidiary and investee companies, but on building a value chain spanning local and Japanese businesses. - FY2020Update to the investment planAnnual report
「Filing company Joint venture (UAE) Cooked-rice processing machinery-related Investment in joint venture 450,000 250,509 Capital increase funds April 2018 October 2022」
The investment plan for the UAE joint venture is stated as ¥450 million in total, ¥250.509 million already paid and scheduled for completion in October 2022. - FY2020-Q3ReframedAnnual report
「We are promoting initiatives to build a Japanese-food value chain and create a cooked-rice market by collaborating across business boundaries with local and Japanese businesses, food-ingredient suppliers and commercial-kitchen operators.」
The measures for the Middle East business have been reorganized from merely establishing a local sales subsidiary and investing in investee companies to building a value chain spanning local and Japanese businesses, food-ingredient suppliers and commercial-kitchen operators. - FY2020-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 16 October 2019, we resolved to acquire 35% of the shares of Bluefin Trading LLC (hereinafter, “Bluefin”), and completed the share acquisition on 6 November 2019.」
Regarding investment in a local company for the Middle East business, the company resolved to acquire 35% of Bluefin's shares and completed the acquisition by the filing date. - FY2019RestatedAnnual report
「Filing company Sales subsidiary (UAE) Cooked-rice processing machinery-related Establishment of sales subsidiary 100,000 — Capital increase funds April 2018 October 2020」
The company continues to plan the establishment of a UAE sales subsidiary, funded with ¥100 million from the capital increase, between April 2018 and October 2020. The plan to establish a joint venture is also included. - FY2018RestatedAnnual report
「Filing company Sales subsidiary (UAE) Cooked-rice processing machinery-related Establishment of sales subsidiary 100,000 — Capital increase funds April 2018 October 2020」
The company continues to plan the establishment of a UAE sales subsidiary, funded with ¥100 million from the capital increase, between April 2018 and October 2020. - FY2018-Q3First statedAnnual report
「① Establishment of a local subsidiary engaged in the sale and servicing of cooked-rice processing machinery 100,000,000 April 2018–October 2020 ② Establishment of a joint venture with Japanese companies in the food-service, retail and distribution sectors 450,000,000 April 2018–October 2020 ③ Investments in local companies in the food-service, retail and distribution sectors 450,000,000 April 2018–October 2020」
As specific uses of the funds raised, the company plans to establish a local sales and service subsidiary, establish a joint venture with Japanese companies and invest in local companies between April 2018 and October 2020.