Incorporating an Overseas Takeout Sushi Network through the Acquisition of Advanced Fresh Concepts Corp.
First written in FY2019-Q2. 4 of 6 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2018: 1 of 11 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Advanced Fresh Concepts Corp. operates sushi takeout stores in the United States, Canada and Australia.」
The takeout sushi business in the United States, Canada, and Australia following the acquisition has continued to form part of the overseas business portfolio. - FY2023-Q3RestatedAnnual report
「Advanced Fresh Concepts Corp. operates sushi takeout stores in the United States, Canada and Australia.」
Following the acquisition of Advanced Fresh Concepts Corp., its takeout sushi business in the 3 countries has continued to be presented as part of the overseas business portfolio. - FY2023-Q2RestatedAnnual report
「Advanced Fresh Concepts Corp. operates sushi takeout stores in the United States, Canada and Australia.」
Advanced Fresh Concepts Corp.'s takeout sushi business in the United States, Canada, and Australia has continued to be presented as part of the overseas business portfolio. - FY2022-Q3RestatedAnnual report
「The main businesses in this category are Advanced Fresh Concepts Corp., which operates sushi takeout stores in the United States, Canada and Australia; 株式会社トロナジャパン, which sells frozen foods for home use; 株式会社グローバルフレッシュサプライ, which handles the Group's logistics functions; and 株式会社グローバルテーブルサプライ, which procures supplies, uniforms and other items.」
Following the acquisition of Advanced Fresh Concepts Corp., its takeout sushi business in the United States, Canada, and Australia has continued to be presented as a major component of the Other category. - FY2019-Q3AchievedAnnual report
「Advanced Fresh Concepts Corp. operates sushi takeout stores in the United States, Canada and Australia, and the Company acquired its shares and made it a subsidiary on 16 November 2018.」
The acquisition of all shares of Advanced Fresh Concepts Corp., which had been at the resolution and agreement stage in the previous quarter, was completed on 16 November 2018, resulting in an ownership interest with voting rights of 100.0%. The acquisition cost was ¥33,618 million, and the network of more than 4,000 stores was included in the scope of consolidation. - FY2019-Q2First statedAnnual report
「At a meeting of its Board of Directors held on 16 October 2018, the Company resolved to acquire all shares of Advanced Fresh Concepts Corp., which operates takeout sushi stores in the United States, Canada, and Australia, making it a subsidiary, and entered into a share transfer agreement on the same day. The transaction was scheduled to close after the completion of necessary procedures, including approval from U.S. regulatory authorities. Advanced Fresh Concepts Corp. is the leading takeout sushi company in the United States, operating approximately 3,700 stores, and operates more than 4,000 stores, primarily through franchisees, across the United States, Canada, and Australia. The Company determined that the acquisition would bring this network of more than 4,000 stores into the Group and generate synergies with the Group in areas including menu development, ingredient procurement, logistics, store operations, and store location development, thereby enabling further business expansion. Through this transaction, the Company will further strengthen the growth potential of the Group's overseas business.」
On 16 October 2018, the Company resolved to acquire all shares of Advanced Fresh Concepts Corp. and make it a subsidiary, and entered into a share transfer agreement. The plan was to incorporate a takeout sushi network of approximately 3,700 stores in the United States and more than 4,000 stores across the 3 countries, primarily operated through franchisees. The purchase consideration was expected to be USD 257.1 million. The business combination was scheduled for mid-November 2018 following approval by U.S. regulatory authorities and others, and had not been completed as of the filing date.