Komori
Zensho Holdings (7550) · InitiativeRestated

Expansion of the food retail business through the acquisition of shares in FUJITA CORPORATION Co.,Ltd.

First written in FY2017-Q2. 1 of 3 entries say "Achieved", first in FY2017-Q3. Latest entry: FY2017.

3entries
2years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2017-Q2AchievedFY2017-Q32016: 120162017: 22017
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  1. FY2017RestatedAnnual report

    「FUJITA CORPORATION Co.,Ltd. operates food supermarkets and prepared-food specialty stores. Shares were acquired on 21 November 2016, and the company became a subsidiary, thereby becoming the company’s sub-subsidiary, from 1 December of the same year.」

    The consolidated status following completion of the share acquisition and the inclusion of the business in the food retail segment are confirmed for the full year.
  2. FY2017-Q3AchievedAnnual report

    「FUJITA CORPORATION Co.,Ltd. operates food supermarkets and acquired shares on 21 November 2016. 日本リテールホールディングス, a subsidiary of the company, made it a subsidiary, thereby making it the company’s sub-subsidiary, and included it in the scope of consolidation from December 2016.」

    The share acquisition disclosed in the previous quarter as having been resolved and contracted was completed on 21 November 2016, and the company became subject to consolidation from December 2016. The voting interest after the acquisition was 100%, incorporating 34 stores.
  3. FY2017-Q2First statedAnnual report

    「At a board meeting held on 18 October 2016, the company’s wholly owned subsidiary 日本リテールホールディングス resolved to acquire part of the common shares of FUJITA CORPORATION Co.,Ltd. and make it a subsidiary, thereby making it the company’s sub-subsidiary, and entered into a share transfer agreement on the same day.」

    The company disclosed plans to acquire a 97.1% voting interest, with 21 November 2016 as the business combination date. FUJITA CORPORATION Co.,Ltd. operates a total of 44 food supermarkets and prepared-food specialty stores, and synergies are expected in product development, food-material procurement, logistics, store operations and store-location development.
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