Making a Regional Revitalization-Related Company a Subsidiary and Commercializing Its Business
First written in FY2019-Q1. 3 of 11 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2023-Q3.
Astmax moved to the "Worse" side of this theme in 2022.
0 other companies' latest entry also says "Reframed".
- FY2023-Q3ReframedAnnual report
「On 27 December 2022, the Company transferred its shares in its former subsidiary 長万部アグリ株式会社 (hereinafter, “アグリ社”). Under Medium-Term Vision 2025, the Company had adopted a policy of reducing its focus on the agribusiness field as it selected and concentrated its business domains. In this context, it determined that it would be difficult to continue retaining management control of アグリ社 while pursuing the operation of its farms and the company's development.」
Of the 77.27% stake in Chomanbe Agri, 67.27% was transferred, and the company was excluded from the scope of consolidation. The focus on making the agriculture business a subsidiary and developing it as a business was reduced, and the policy was changed toward transferring management control. - FY2023-Q1Certification extended and product lineup expanded, but still unprofitableAnnual report
「Product sales increased from the same period of the previous year, while operating expenses decreased year on year as a result of cost-cutting efforts. Overall, however, operating expenses have continued to slightly exceed operating revenue.」
While progress has been made in extending the certification period through 2024, launching jam and ketchup sales, and using e-commerce and social media, operating expenses continue to exceed operating revenue. - FY2022WorsenedAnnual report
「Overall, operating expenses have continued to exceed operating revenue, partly due to higher fuel costs for heating the greenhouses.」
Although the company reported expanded sales channels and an increase in new customers, operating expenses continue to exceed operating revenue due to higher fuel costs. - FY2022-Q3WorsenedAnnual report
「Overall, operating expenses have continued to exceed operating revenue, partly due to higher fuel costs for heating the greenhouses.」
Chomanbe Agri is expanding sales through e-commerce, social media, and sales to existing and new customers, but operating expenses continue to exceed operating revenue, partly due to higher fuel costs. - FY2022-Q1AdvancedAnnual report
「In addition to the existing Chomanbe Agri Yahoo! Store and other channels, the company opened a BASE store in May 2021 and is also using Facebook and Instagram to raise awareness of ENRICH MINI TOMATO (エンリッチミニトマト) and tomato juice.」
In addition to its existing Yahoo! Store, Chomanbe Agri opened a BASE store in May 2021 and began using social media to raise awareness of its products. - FY2021-Q2AdvancedAnnual report
「Agri Co. has only recently reached the 2-year mark since beginning to produce and ship cherry tomatoes using a new farming method based on an alkaline growing medium made from coral and calcined scallop shells. In February 2020, Agri Co.'s cherry tomatoes, ENRICH MINI TOMATO (エンリッチミニトマト), received the “Data Premium No. 1” certification in the overall evaluation of “sugar content,” “lycopene content” and “GABA content” in the cherry tomato category under a rating certification organized by the General Incorporated Foundation Rating Japan Research Organization, among other achievements. Although the spread of COVID-19 made it difficult for Agri Co. to develop its wholesale business, the company is also working to expand its sales channels through an e-commerce platform in order to continue securing opportunities to sell its products, and opened the Chomanbe Agri Yahoo! Store during the second quarter of the current consolidated fiscal year.」
In addition to Chomanbe Agri's cherry tomatoes receiving certification, the company opened the Chomanbe Agri Yahoo! Store during the quarter, putting its e-commerce sales-channel expansion into practice. - FY2021-Q1AdvancedAnnual report
「Agri Co. has only recently reached the 2-year mark since beginning to produce and ship cherry tomatoes using a new farming method based on an alkaline growing medium made from coral and calcined scallop shells. In February 2020, Agri Co.'s cherry tomatoes, ENRICH MINI TOMATO (エンリッチミニトマト), received the “Data Premium No. 1” certification in the overall evaluation of “sugar content,” “lycopene content” and “GABA content” in the cherry tomato category under a rating certification organized by the General Incorporated Foundation Rating Japan Research Organization, among other achievements. Agri Co. is also working to expand its sales channels through an e-commerce platform in order to continue securing opportunities to sell its products amid the spread of COVID-19.」
Chomanbe Agri's cherry tomatoes produced using its new farming method received certification, and the company is also working to expand its sales channels through an e-commerce platform. - FY2019Impairment loss recognized on agricultural investmentAnnual report
「A special loss of ¥68 million was recorded, mainly due to impairment losses on investments in multiple agriculture-related companies, an increase of ¥28 million from the same period of the previous year.」
While advancing investments in regional revitalization and agriculture-related businesses, impairment losses and other charges were incurred on investments in multiple agriculture-related companies. - FY2019-Q3RestatedAnnual report
「During the first quarter of the consolidated fiscal year, we subscribed to a third-party allotment of shares by 長万部アグリ株式会社, made the company a subsidiary and included it in the scope of consolidation.」
The company continues to disclose the subscription to 長万部アグリ株式会社's third-party allotment and its conversion into a subsidiary as a change in the scope of consolidation. - FY2019-Q2RestatedAnnual report
「During the first quarter of the consolidated fiscal year, we subscribed to a third-party allotment of shares by 長万部アグリ株式会社, made the company a subsidiary and included it in the scope of consolidation.」
The company continued to disclose the subscription to 長万部アグリ株式会社's third-party allotment and its conversion into a subsidiary as a change in the scope of consolidation in the second quarter. - FY2019-Q1First statedAnnual report
「During the 3-month period ended the first quarter, we subscribed to a third-party allotment of shares by 長万部アグリ株式会社, made the company a subsidiary and included it in the scope of consolidation.」
For 長万部アグリ株式会社, which is involved in regional revitalization, the company subscribed to a third-party allotment, made it a subsidiary and included it in the scope of consolidation. The business segment is disclosed as "Other."