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Panasonic Holdings (6752) · InitiativeRestated

Establishing the food distribution business as a core business, starting with the acquisition of Hussmann

First written in FY2016. 3 of 5 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2019-Q3.

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ProgressHeldSoftenedWorseAdvancedFY2017-Q1 – FY2019-Q12016: 220162017: 120172018: 120182019: 12019
Same theme, other companies
Expansion of the North American food distribution business starting with the acquisition of HussmannA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2019-Q3RestatedAnnual report

    「Overseas sales increased as automotive-related businesses, including Energy and Automotive, North American food distribution and the process-automation equipment business continued to perform well.」

    The North American food distribution business originating with Hussmann continued to perform well and was cited, along with automotive-related businesses and others, as a factor behind higher overseas sales.
  2. FY2019-Q1AdvancedAnnual report

    「Although sales increased in China's e-commerce business and North America's food distribution business, overall sales declined because of weakness in air conditioners and AVC, among other businesses.」

    For the food distribution business originating with Hussmann, we disclosed higher sales in North America as a performance factor for the Appliances business.
  3. FY2017AdvancedAnnual report

    「Hussmann's sales and profit before tax included in the consolidated statement of income for fiscal 2016 were ¥126,884 million and ¥6,523 million, respectively.」

    We disclosed full-year contributions after the Hussmann acquisition of sales of ¥126.884 billion and profit before tax of ¥6.523 billion.
  4. FY2017-Q1AdvancedAnnual report

    「Regarding the food distribution business, one of the core businesses in B2B, the conditions for the acquisition of Hussmann, a U.S. manufacturer of commercial refrigerated and frozen food display cases announced in December 2015, including approval by the relevant authorities, were fulfilled. On 1 April 2016, we completed the acquisition of 100% of the shares and made Hussmann a consolidated subsidiary.」

    The acquisition of 100% of Hussmann was completed, advancing the acquisition toward making food distribution a core business.
  5. FY2016First statedAnnual report

    「The acquisition of Hussmann, a U.S. manufacturer of commercial refrigerated and frozen food display cases, will make food distribution a major pillar of our business. Going forward, in addition to the aviation and food distribution businesses, we aim to create new core businesses.」

    In B2B, food distribution was established as a new core pillar, with the aim of creating a core business following aviation.
Moved together

"Focused Investment in the Ficosa Partnership, ADAS and Automotive Batteries" moved the same way as this thread, in the same document, in 2 of its 5 moves.

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  1. ★This thread
  2. 1Focused Investment in the Ficosa Partnership, ADAS and Automotive Batteries2×
  3. 2Premium Home Appliances in Key Asian Markets and Expansion into India and Africa2×
  4. 3Operating profit and net profit targets for fiscal 20182×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Establishing the food distribution business as a core business, starting with the acquisition of Hussmann | Panasonic Holdings Corporation (6752) | Komori