Kato Sangyo (9869) · InitiativeAchieved
Strengthening Distribution Channels in the Vietnamese Market through the Acquisition of Shares in Nam Khai Phu Service Trading Production Joint Stock Company
First written in FY2023-Q1. 1 of 2 entries say "Achieved", first in FY2023-Q2. Latest entry: FY2023-Q2.
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Strengthening Vietnam's food distribution channels through the acquisition of NKPA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2023-Q2AchievedAnnual report
「The company acquired shares in Nam Khai Phu Service Trading Production Joint Stock Company, headquartered in the Socialist Republic of Vietnam, on 3 April 2023.」
On 3 April 2023, the company completed the acquisition of NKP shares and made NKP a consolidated subsidiary, with a voting rights ratio of 100% and an acquisition cost of ¥723 million. The plan to strengthen distribution channels and expand the product range progressed to the completion stage. - FY2023-Q1First statedAnnual report
「We already operate through Song Ma Retail Co.,Ltd., Toan Gia Hiep Phuoc Trading Co., Ltd. and Kato Sangyo Vietnam Co., Ltd., and aim to establish a strong presence in the Vietnamese market by acquiring shares in NKP to strengthen distribution channels and expand the products handled.」
The acquisition of shares was scheduled for April 2023, with an ownership interest of 100% after the acquisition. NKP engages in food processing and wholesale, as well as import and sales, and had fiscal 2021 revenue of VND 761.7 billion and share capital of VND 16.5 billion. Based on the existing business foundations of Song Ma Retail, Toan Gia Hiep Phuoc and Kato Sangyo Vietnam, the company plans to expand its distribution channels and product range in Vietnam.