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Arclands (9842) · InitiativeDeteriorating performance and goodwill impairment

Expansion of Foodservice Concepts and Know-How through the Acquisition of ミールワークス

First written in FY2021-Q1. 2 of 4 entries say "Restated". Latest entry: FY2022.

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ProgressHeldSoftenedWorseAdvancedFY2021-Q1RestatedFY2021-Q3 – FY20222020: 220202021: 120212022: 12022
Same theme, other companies
Diversifying Foodservice Brands and Strengthening Product Development and Talent through M&AA theme 18 companies write about · 0 as a headwind · 21 as a tailwind

The whole theme swung hardest in 2020: 1 of 8 companies on the "Worse" side.

0 other companies' latest entry also says "Other".

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Showing 14 of the 18 companies compared. The sentences above are computed from all 18.
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  1. FY2022Deteriorating performance and goodwill impairmentAnnual report

    「In addition, following the acquisition of shares in 株式会社ミールワークス by アークランドサービスホールディングス株式会社, a consolidated subsidiary in our food-service business, and its designation as a consolidated subsidiary, goodwill of ¥1,775 million and trademark rights of ¥265 million were recognized in the consolidated financial statements for the fiscal year ended February 2021.」

    ミールワークス fell short of its initial plan because of the impact of COVID-19, and an impairment loss of ¥1,516 million on goodwill was recognized in the fiscal year.
  2. FY2021RestatedAnnual report

    「Through this share acquisition, we believe that bringing together the Group's expertise in operating food-service restaurants and franchise chain headquarters with 株式会社ミールワークス' expertise in business-format development will lead to the expansion of new businesses.」

    The objective of expanding the business by combining food-service expertise and format-development capabilities through the acquisition of ミールワークス continued to be disclosed in the annual business-combination information.
  3. FY2021-Q3RestatedAnnual report

    「Through this share acquisition, we believe that bringing together the Group's expertise in operating food-service restaurants and franchise chain headquarters with 株式会社ミールワークス' expertise in business-format development will lead to the expansion of new businesses.」

    The objective of expanding food-service formats and expertise through the acquisition of ミールワークス continued to be disclosed in the detailed business-combination information.
  4. FY2021-Q1AdvancedAnnual report

    「Through this share acquisition, we believe that bringing together the Group's expertise in operating food-service restaurants and franchise chain headquarters with 株式会社ミールワークス' expertise in business-format development will lead to the expansion of new businesses.」

    On 30 April 2020, shares in ミールワークス were acquired, making it a subsidiary with a 70.0% voting-rights ratio. The acquisition was intended to combine its ability to develop formats such as Thai-specialty restaurants with existing food-service and franchise-operation expertise.
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Expansion of Foodservice Concepts and Know-How through the Acquisition of ミールワークス | ARCLANDS CORPORATION (9842) | Komori