Expanding the industrial and logistics markets and establishing a chemical products supply chain through the acquisition of 朝日樹脂工業 as a subsidiary
First written in FY2020-Q3. 2 of 3 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021AdvancedAnnual report
「As a result, group-wide revenue declined from the previous year's level, but the impact of making ミタチパッケージ㈱ and 朝日樹脂工業㈱ consolidated subsidiaries limited the decline to ¥1,154 million.」
The impact of making 朝日樹脂工業 a subsidiary was reflected in the full-year results as a factor limiting the decline in group-wide revenue. - FY2021-Q1AdvancedAnnual report
「In the chemical products business, the company strengthened its response to the introduction of charges for plastic shopping bags, but sales of materials to retailers and wholesalers generally declined sharply due to the impact of COVID-19. Although sales from ミタチパッケージ㈱ and 朝日樹脂工業㈱ contributed, consolidated revenue was ¥6,324 million, down 1.1% year on year.」
The disclosure states that sales from subsidiaries, including 朝日樹脂工業, contributed to the chemical products and packaging materials businesses, confirming their business contribution after becoming subsidiaries. - FY2020-Q3First statedAnnual report
「At a board meeting held on 25 November 2019, the company resolved to acquire the shares of 朝日樹脂工業株式会社 and make it a subsidiary. It entered into a share transfer agreement dated 28 November 2019 and completed the acquisition on 19 December 2019. With 朝日樹脂工業株式会社 joining the group, the company expects to expand into the industrial and logistics markets, in addition to the retail and distribution markets in which the group excels. It also expects to establish a group-wide supply chain management system for chemical products, enabling the supply of products in small lots and with short lead times in response to customer needs.」
The company made 朝日樹脂工業 a subsidiary at an acquisition cost of ¥930 million and with a 100% voting interest. The disclosure describes for the first time an initiative aimed at expanding the industrial and logistics markets, establishing group-wide supply chain management in the chemical products business, and creating a supply system for small lots and short lead times.