Restructuring and Revitalization of the Food Supermarket Business through the Transfer of Shares in トーホーストア
First written in FY2023-Q3. 4 of 9 entries say "Advanced", first in FY2024-Q3. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AchievedAnnual report
「In the previous consolidated fiscal year, the Company had 4 reportable segments, including the food supermarket business in addition to the reportable segments described above. Because it withdrew from that business during the previous consolidated fiscal year, the Company has removed it from its reportable segments beginning with the current consolidated fiscal year.」
The withdrawal from the food supermarket business was completed, and the business was removed from the reportable segments beginning with the current consolidated fiscal year. - FY2026-H1AchievedAnnual report
「Although the impact of the withdrawal from the food supermarket business in the previous fiscal year was present,」
The Company disclosed that completion of its withdrawal from the food supermarket business in the previous fiscal year was a factor affecting results and removed the business from its reportable segments beginning with the current interim consolidated accounting period. - FY2025-H1AdvancedAnnual report
「As a result, 16 stores will be transferred to Valor Holdings, comprising 3 stores to 株式会社八百鮮, 2 to 株式会社ヤマタ and 11 to 中部薬品, 3 stores to ゴダイ and 4 stores to 株式会社三杉屋. The remaining 3 stores, as of 10 September 2024, are scheduled to close by 21 November 2024. The Company will continue to consider possible transferees for the stores to be closed.」
As part of its withdrawal from the food supermarket business, the Company is proceeding with the transfer of a total of 23 stores and stated that the remaining 3 stores are scheduled to close by 21 November 2024. - FY2025-Q1AdvancedAnnual report
「As a result, 16 stores will be transferred to Valor Holdings, comprising 3 stores to 株式会社八百鮮, 2 to 株式会社ヤマタ and 11 to 中部薬品, 3 stores to ゴダイ and 4 stores to 株式会社三杉屋. The remaining 4 stores, as of 13 June 2024, are scheduled to close by 21 November 2024. The Company will continue to consider possible transferees for the stores to be closed.」
As part of its withdrawal from the food supermarket business, the Company is proceeding with the transfer of 16 stores to entities affiliated with Valor Holdings, 3 to ゴダイ and 4 to 三杉屋, for a total of 23 stores. The remaining 4 stores are scheduled to close by 21 November 2024. - FY2024AdvancedAnnual report
「As a result, 16 stores will be transferred to Valor Holdings, comprising 3 stores to 八百鮮, 2 to ヤマタ and 11 to 中部薬品, 4 stores to 三杉屋 and 3 stores to ゴダイ. The remaining 5 stores, as of 23 April 2024, will be closed by the end of January 2025.」
After the transfer to コノミヤ was cancelled, the Company executed transfer agreements covering a total of 23 stores with 3 companies affiliated with Valor Holdings, 三杉屋 and ゴダイ, and finalized its policy of closing the remaining 5 stores. - FY2024-Q3AdvancedAnnual report
「At a Board of Directors meeting held on 23 October 2023, the Company resolved to execute agreements to transfer part of the food supermarket business to 株式会社八百鮮, 株式会社ヤマタ and 中部薬品株式会社, all wholly owned consolidated subsidiaries of Valor Holdings. It also resolved to close, in principle by the end of January 2025, all stores and facilities in the food supermarket business excluded from the transfers to 八百鮮, ヤマタ and 中部薬品, and to discontinue the food supermarket business.」
After the transfer to コノミヤ was cancelled, the Company executed agreements on 23 October to transfer part of the business to 3 subsidiaries of Valor Holdings and decided on a policy of closing the excluded stores and facilities by the end of January 2025 and discontinuing the food supermarket business. - FY2024-Q2ReframedAnnual report
「As announced in the 31 October 2022 notice titled "Notice Concerning the Execution of a Basic Agreement on the Change in a Consolidated Subsidiary (Share Transfer)," after executing the basic agreement, the Company had been discussing the transfer of all shares of its consolidated subsidiary 株式会社トーホーストア to 株式会社コノミヤ. However, after コノミヤ indicated in early May 2023 that it wished to abandon the transaction, the Company's Board of Directors resolved at its meeting held on 26 June 2023 to cancel the transaction, and the Company executed an agreement to terminate the basic agreement.」
The transfer of all トーホーストア shares to コノミヤ was cancelled and the basic agreement was terminated. Meanwhile, as of 26 July 2023, the framework was changed to discussions on transferring part or all of the トーホーストア business to Valor Holdings. - FY2024-Q1SoftenedAnnual report
「As announced in the 28 April 2023 notice titled "Notice of Change to the Scheduled Date for Execution of the Share Transfer Agreement Concerning the Change in a Consolidated Subsidiary (Share Transfer)," the Company is continuing discussions toward transferring all shares of ㈱トーホーストア held by the Company to ㈱コノミヤ.」
Regarding the transfer of all shares of トーホーストア to コノミヤ, the scheduled date for executing the share transfer agreement changed from the previous schedule, and discussions remained ongoing. - FY2023-Q3First statedAnnual report
「The business has contracted, with 34 stores as of today and the food supermarket business accounting for 9.3% of Group sales in the fiscal year ended January 2022, and difficult conditions continue. In response, while determining that it would be difficult for the Group to continue operating トーホーストア, the Company concluded that the best course was to transfer the shares to コノミヤ, which could maintain employee employment, preserve the stores as part of the region's food infrastructure, and revitalize トーホーストア. The Company therefore resolved to execute this basic agreement.」
The Company first disclosed its policy of executing a basic agreement to transfer all shares of トーホーストア to コノミヤ. The ownership ratio before the transfer was 92.8%, and the parties were discussing acquiring and transferring 100%, including the shares held by other shareholders. The share transfer was scheduled for a period from February 2023 through the end of March. The reasons for the transfer included 34 stores, a 9.3% share of Group sales in the fiscal year ended January 2022, negative net worth and recurring losses, as well as maintaining employment, preserving the region's food infrastructure and revitalizing the business.