Expansion of Italian and European Operations through the Acquisition of FINEKO S.P.A. Group as Wholly Owned Subsidiaries
First written in FY2020-Q3. 2 of 4 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2022.
0 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「In Europe, sales increased 10.7% year on year, achieving business growth.」
The effects of expanding the European business, including FINEKO and SOLEKO, continued, and European sales increased 10.7% year on year. - FY2021AdvancedAnnual report
「As a result of these initiatives, sales in Europe increased 23.6% year on year, achieving business growth. The sales network in the Italian market of SOLEKO S.p.A., which became a wholly owned subsidiary in October 2019, contributed to the increase in sales.」
SOLEKO's Italian sales network was consolidated following its conversion into a wholly owned subsidiary, and European sales increased 23.6% year on year. - FY2021-Q3AdvancedAnnual report
「In addition to stable revenue from Mels Plan, the performance of SOLEKO S.p.A. (Italy), which became a wholly owned subsidiary in October 2019, was reflected in results, and sales of orthokeratology lenses and care products in the Chinese market remained solid. As a result, sales increased to ¥63,421 million, up 0.1% year on year.」
The performance of SOLEKO following its conversion into a wholly owned subsidiary was reflected in consolidated results, and the effects of the European business expansion became evident, including a ¥1,300 million increase in overseas care product sales. - FY2020-Q3First statedAnnual report
「In October, we made the FINEKO S.P.A. group, including SOLEKO S.P.A., a manufacturing and sales company for contact lenses and care products, a wholly owned subsidiary. Italy has the second-largest contact lens market in Europe. Through greater recognition of our original overseas Miru brand in Italy and stronger sales promotion for SOLEKO S.P.A.’s care products, we will work to expand our European business.」
The FINEKO S.P.A. group, which is based in Italy's contact lens market, became a wholly owned subsidiary in October and is positioned as a means of expanding the European business by raising awareness of Miru and increasing sales of care products.