Revitalization support for and acquisition of 株式会社久一米田商店 as a subsidiary
First written in FY2022-Q2. 11 of 16 entries say "Advanced", first in FY2023-Q1. Latest entry: 2026-10-14.
0 other companies' latest entry also says "Softened".
- FY2026-H1AdvancedAnnual report
「At きゅうい株式会社, we continued to review unprofitable transactions and tighten transaction-level gross-margin management by strengthening business monitoring. Although fresh-fish transactions remained above the previous-year level, the company posted an operating loss in the second quarter consolidated accounting period due to the recognition of a valuation loss on scallop inventories, while maintaining profitability for the interim consolidated accounting period.」
At きゅうい株式会社, the company continued to review unprofitable transactions, strengthen monitoring, and manage gross margins by transaction, while maintaining profitability for the interim period despite recognizing a valuation loss on scallop inventories. - FY2025-H1Clear Statement of a Profitability Improvement PolicyAnnual report
「Going forward, we will work to improve profitability by strengthening sales of high-value-added products and leveling and improving factory operations, with the aim of establishing a revenue structure less susceptible to fluctuations in landings.」
For きゅうい株式会社, the company identified strengthening sales of high-value-added products and leveling and improving factory operations as new measures to establish a revenue structure less susceptible to fluctuations in landing volumes. - FY2024AdvancedAnnual report
「As a result, segment revenue was ¥1,213.649 million, up 60.1% from the previous consolidated fiscal year. Segment profit was ¥69.605 million, up 18.7% from the previous consolidated fiscal year.」
The business turnaround and growth support segment, including きゅうい株式会社, recorded revenue of ¥1,213.649 million and segment profit of ¥69.605 million, resulting in higher revenue and profit. - FY2024-Q2AdvancedAnnual report
「As a result, segment revenue was ¥625.247 million, up 50.3% year on year. きゅうい株式会社, which was included in the scope of consolidation in the fiscal year ended November 2022, contributed five months of earnings, from 3 October 2022 to 28 February 2023, to the previous second quarter cumulative period, whereas the current second quarter cumulative period includes six months of earnings, from 1 September 2023 to 29 February 2024, resulting in a substantial year-on-year increase in revenue. Segment profit was ¥57.600 million, up 23.2% year on year.」
The business turnaround and growth support segment, including きゅうい株式会社, recorded revenue of ¥625.247 million and segment profit of ¥57.600 million. Procurement, processing and sales of frozen scallops and other products remained strong, resulting in higher revenue and profit year on year. - FY2024-Q1AdvancedAnnual report
「As a result, segment revenue was ¥366.613 million, up 71.6% year on year. きゅうい株式会社, which was included in the scope of consolidation in the fiscal year ended November 2022, contributed two months of earnings, from 3 October to 30 November 2022, to the previous first quarter cumulative period, whereas the current first quarter cumulative period includes six months of earnings, from 1 September to 30 November 2023, resulting in a substantial year-on-year increase in revenue. Segment profit was ¥54.045 million, up 5.0% year on year.」
The business turnaround and growth support segment, including きゅうい株式会社, recorded revenue of ¥366.613 million and segment profit of ¥54.045 million. - FY2023AdvancedAnnual report
「きゅうい株式会社 Business Turnaround and Growth Support Frozen-food processing equipment ¥144 million — Borrowing from the filing company December 2023 January 2024 Frozen-food processing capacity increased by approximately 30%」
For subsidiary きゅうい株式会社, the company presented a plan to increase processing capacity by approximately 30% through the installation of ¥144 million in frozen-food processing equipment, and stated that the equipment installation and investment had been completed in January 2024. - FY2023-Q3AdvancedAnnual report
「As a result, segment revenue was ¥629.930 million and segment profit was ¥67.918 million.」
The business turnaround and growth support segment, including きゅうい株式会社, recorded revenue of ¥629.930 million and segment profit of ¥67.918 million for the third quarter cumulative period. - FY2023-Q2AdvancedAnnual report
「During the second quarter cumulative period, procurement, processing and sales of baby scallops remained strong. In the Minami-Kayabe area, landings of fresh fish, including sardines and mackerel, remained stable at usual levels in December and unit prices remained firm, resulting in revenue in line with expectations. Segment revenue was ¥415.937 million and segment profit was ¥58.755 million.」
In the business turnaround segment of subsidiary きゅうい株式会社, sales of frozen processed foods and other products remained strong, generating revenue of ¥415.937 million and segment profit of ¥58.755 million. - FY2023-Q1AdvancedAnnual report
「During the first quarter cumulative period, sales of baby scallops remained strong, while landings of fresh fish, including flounder, sardines and mackerel, in the Minami-Kayabe area remained stable at usual levels and unit prices also remained firm. As a result, the company continued to record revenue. Segment revenue was ¥213.702 million and segment profit was ¥51.491 million.」
In the frozen-food processing business of subsidiary きゅうい株式会社, sales of baby scallops and other products remained strong, generating revenue of ¥213.702 million and segment profit of ¥51.491 million. - FY2022-Q3AchievedAnnual report
「Under the share transfer agreement, we acquired all shares of きゅういち株式会社 on the same date and made it a subsidiary.」
On 3 October 2022, the company acquired all shares of きゅういち株式会社, established through a company split by 米田商店, completing its acquisition as a subsidiary. - FY2022-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 26 May 2022, we resolved to provide turnaround support to 株式会社久一米田商店 (hereinafter, “米田商店”) and entered into a sponsorship agreement with the company.」
The company stated for the first time that it planned to acquire all shares of the frozen-food processing company to be established through a company split carried out by 米田商店, scheduled for 3 October 2022. The voting rights to be acquired would be 100%, and the post-combination company was expected to be named 株式会社きゅういち. The withdrawal from squid processing had been completed, and the company aimed to generate stable cash flow through increased production of highly profitable products, higher factory utilization, and expense reductions.