Achieving the Best Local in Hokkaido through the Management Integration with Maxvalu Hokkaido
First written in FY2019-Q2. 4 of 9 entries say "Restated". Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021AdvancedAnnual report
「In addition to improving merchandise margins by leveraging the economies of scale in food operations, aligning transaction terms and reviewing delivery agency fees at distribution centers, as initially anticipated as benefits of the business integration, strong sales of food, which accounts for a high proportion of the sales mix, resulted in a ¥29,727 million increase in gross profit.」
The synergies targeted by the business integration have been realized through improved food merchandise margins, aligned transaction terms and a review of logistics fees. - FY2021-Q1RestatedAnnual report
「Through the merger, we aim to evolve into a company that can contribute more than ever to Hokkaido by promoting the sharing of the two companies' management resources and expertise and maximizing synergies between the parties. Our objectives are to establish an operating structure that achieves "Best Local" in Hokkaido, build a business platform capable of meeting the ever-changing needs of customers through diverse formats, and achieve the No. 1 market share in Hokkaido.」
The objectives of the business integration have been restated as sharing management resources and expertise, maximizing synergies, establishing a business platform through diverse formats, and achieving the No. 1 market share in Hokkaido. - FY2021-Q1RestatedAnnual report
「Against this backdrop, in order to continue growing together with the local community amid increasingly challenging changes in the operating environment, we began anew on 1 March 2020 through the business integration with マックスバリュ北海道株式会社, assuming responsibility for 84 food supermarkets and adopting the management vision of becoming a company that supports the health and wellness of Hokkaido.」
Following the business integration on 1 March 2020, operations began under the new structure, which assumed responsibility for 84 food supermarkets, and the post-integration management vision has been reaffirmed. - FY2020AchievedAnnual report
「The merger agreement was approved at our 41st Annual General Meeting of Shareholders held on 21 May 2019 and at the 58th Annual General Meeting of Shareholders of マックスバリュ北海道株式会社 held on 16 May 2019, and the merger was completed on 1 March 2020.」
Regarding the business integration with マックスバリュ北海道, the merger was completed on 1 March 2020 following approval at both companies' shareholders' meetings, completing the integration procedures. - FY2020-Q2RestatedAnnual report
「The merger agreement was approved at our 41st Annual General Meeting of Shareholders held on 21 May 2019 and at the 58th Annual General Meeting of Shareholders of マックスバリュ北海道株式会社 held on 16 May 2019.」
The absorption-type merger agreement with マックスバリュ北海道 and the approvals at both companies' shareholders' meetings have been reaffirmed. The effective date of the merger remains scheduled for 1 March 2020. - FY2020-Q1RestatedAnnual report
「The merger agreement was approved at our 41st Annual General Meeting of Shareholders held on 21 May 2019 and at the 58th Annual General Meeting of Shareholders of マックスバリュ北海道株式会社 held on 16 May 2019.」
The absorption-type merger agreement with マックスバリュ北海道 and the approvals at both companies' shareholders' meetings have been reaffirmed. The effective date of the merger is scheduled for 1 March 2020. - FY2019AdvancedAnnual report
「Under the basic agreement, the company and マックスバリュ北海道株式会社 resolved at their respective board meetings held on 10 April 2019 to execute a merger agreement under which the company would be the surviving company in the absorption-type merger and マックスバリュ北海道株式会社 would be the absorbed company, and they executed the merger agreement on the same date.」
Regarding the integration with マックスバリュ北海道, the companies entered into an absorption-type merger agreement on 10 April 2019 and obtained approval at both companies' shareholders' meetings. The effective date of the merger is scheduled for 1 March 2020, with an exchange ratio of 4.80 of our common shares for each common share of the other company. - FY2019-Q3AdvancedAnnual report
「The basic agreement is not legally binding. After discussions among the company, マックスバリュ北海道株式会社 and AEON CO.,LTD., the parties plan to execute a separate, legally binding definitive agreement following resolutions by their respective boards of directors and other necessary procedures.」
Regarding the business integration with マックスバリュ北海道, the company specified the procedures and schedule: execution of the basic agreement on 10 October 2018, execution of the definitive agreement in early April 2019, shareholder approval in mid-to-late May 2019, and the effective date of the merger on 1 March 2020. - FY2019-Q2First statedAnnual report
「Through this business integration, the company aims to share the management resources and expertise of both companies and maximize synergies between the parties, thereby evolving into a company that can contribute more to Hokkaido than ever before. The purpose is to establish an operating structure that realizes “Best Local” in Hokkaido, build a business foundation capable of responding to “customers’ continually changing needs” through diverse formats, and achieve the No. 1 market share in Hokkaido.」
On 10 October 2018, the company entered into a basic agreement on business integration with マックスバリュ北海道株式会社. The objectives were to build a business foundation with diverse formats by sharing management resources and expertise and maximizing synergies, and to achieve the No. 1 market share in the Hokkaido market. The basic agreement was not legally binding, and the effective date of the merger was scheduled for 1 March 2020.