Agreement to Acquire All Shares of Sumitomo Pharma Food & Chemical
First written in FY2023-Q3. 2 of 5 entries say "Advanced", first in FY2024-Q1. Latest entry: FY2024.
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- FY2024AdvancedAnnual report
「In November 2023, we entered into a basic agreement concerning the integration of MP五協Ｆ＆Ｃ and メディパルフーズ株式会社 (Chuo-ku, Sapporo; hereinafter, “メディパルフーズ”).」
After completing the acquisition of MP五協フード＆ケミカル, a basic agreement was signed on integration with メディパルフーズ, with completion scheduled for 1 October 2024. - FY2024-Q2Cited as achievedAnnual report
「The addition of MP五協フード＆ケミカル㈱ (hereinafter, “MP五協F&C”) and 東七㈱ (hereinafter, “東七”) to the scope of consolidation from the current period, as well as the commencement of operations by ㈱メディスケット (hereinafter, “メディスケット”) in December 2022, contributed to the increase in revenue for the current period.」
Following the acquisition of all shares of MP五協フード＆ケミカル, its inclusion in the scope of consolidation was stated to have contributed to the increase in revenue for the current period. - FY2024-Q1AdvancedAnnual report
「The provisional accounting treatment was finalized during the first quarter of the current consolidated fiscal year. As a result of finalizing this provisional accounting treatment, significant revisions to the initial allocation of the acquisition cost were reflected in the comparative information included in the quarterly consolidated financial statements for the cumulative first quarter. Goodwill, provisionally calculated at ¥24,677 million in the consolidated balance sheet at the end of the previous consolidated fiscal year, decreased by ¥13,126 million to ¥11,551 million upon finalization of the accounting treatment.」
The provisional accounting treatment for the business combination involving MP五協フード＆ケミカル was finalized in FY2024-Q1. A review of the purchase price allocation reduced goodwill from ¥24,677 million to ¥11,551 million, while customer-related assets and other assets were recognized. - FY2023AchievedAnnual report
「In March 2023, we acquired all shares of 住友ファーマフード＆ケミカル株式会社 (Kita-ku, Osaka; hereinafter, “住友ファーマフード＆ケミカル”) and made it a wholly owned subsidiary.」
The acquisition under the agreement signed in November 2022 was completed on 31 March 2023, and the company became a consolidated subsidiary. Its corporate name was changed to MP五協フード＆ケミカル株式会社 effective 1 April 2023. - FY2023-Q3First statedAnnual report
「In November 2022, we entered into an agreement with Sumitomo Pharma Co., Ltd. (Chuo-ku, Osaka; hereinafter, “Sumitomo Pharma”) to acquire all shares of 住友ファーマフード＆ケミカル株式会社 (Kita-ku, Osaka), a wholly owned subsidiary of Sumitomo Pharma.」
In November 2022, an agreement was signed to acquire all shares of 住友ファーマフード＆ケミカル, a wholly owned subsidiary of Sumitomo Pharma. The text states that the agreement was signed and does not state that the acquisition had been completed.