Expanding Foodservice Market Sales Through the Acquisition of ニックフーズ
First written in FY2017-Q2. 1 of 2 entries say "Restated". Latest entry: FY2017-Q3.
0 other companies' latest entry also says "Restated".
- FY2017-Q3RestatedAnnual report
「As all shares of ニックフーズ were acquired during the second quarter consolidated accounting period, the company has been included in the scope of consolidation.」
The acquisition of all shares of ニックフーズ and its inclusion as a consolidated subsidiary continued to be disclosed in the third quarter. - FY2017-Q2First statedAnnual report
「As all shares of ニックフーズ were acquired during the second quarter consolidated accounting period, the company has been included in the scope of consolidation. Date of business combination: 30 September 2016. Voting rights acquired: 100.0%. The company decided to acquire the shares because ニックフーズ, a meat wholesaler primarily operating in Tokyo and engaged in the wholesale of meat products, processed foods and other products for the prepared-food and foodservice markets, operates in the same field as the company and is expected to generate synergies. The acquisition is also consistent with the company's business strategy of expanding sales in the foodservice market.」
On 30 September 2016, all shares of ニックフーズ were acquired for ¥1,280 million in cash, making it a consolidated subsidiary. Goodwill of ¥628 million was generated through the acquisition and will be amortized on a straight-line basis over 5 years. The stated objectives of the acquisition were to generate synergies in wholesale operations for the prepared-food and foodservice markets and expand sales in the foodservice market.