Strengthening Overseas Operations Through the Acquisition of Shares in Vietnam’s TogiCo
First written in FY2016-Q3. 2 of 3 entries say "Advanced", first in FY2016. Latest entry: FY2017-Q1.
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- FY2017-Q1AdvancedAnnual report
「The accounting treatment for the business combination with Toan Gia Hiep Phuoc Trading and Food Processing,JSC., completed on 6 July 2016, had been provisional in the previous fiscal year but was finalized during the current first quarter. As a result, there was no adjustment to the amount of goodwill.」
The provisional accounting treatment for the business combination with TogiCo, completed on 6 July 2016, was finalized during the current first quarter. There was no adjustment to the amount of goodwill. - FY2016AdvancedAnnual report
「The acquisition of the shares was completed on 6 July 2016.」
The company progressed from the acquisition policy through the previous quarter and completed the acquisition of shares in Toan Gia Hiep Phuoc Trading and Food Processing,JSC. (TogiCo) on 6 July 2016. The voting rights ratio was 100%, and the company became a consolidated subsidiary. - FY2016-Q3First statedAnnual report
「Through this acquisition, we will further enhance our presence in the country and strengthen the development of our overseas business by pursuing cooperation with China and Singapore, where we already operate in Asia, thereby working to enhance corporate value.」
The company acquired shares in TogiCo on 6 July 2016. The acquired voting rights ratio was 100%, and the acquisition cost was ¥1,845 million. The acquisition was intended to enhance its presence in Vietnam and pursue cooperation with China and Singapore.