JM Holdings Co.,Ltd. agreed to acquire the remaining 92.3% stake in Den'en Toshi Mirai Nitta Co., Ltd. from Organization for Small & Medium Enterprises and Regional Innovation, JAPAN, Ota City, Gunma Prefecture, 48 individual shareholders and corporations.
February 31, 2021
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JM Holdings Co.,Ltd. (TSE:3539) agreed to acquire the remaining 92.3% stake in Den'en Toshi Mirai Nitta Co., Ltd. from Organization for Small & Medium Enterprises and Regional Innovation, JAPAN, Ota City, Gunma Prefecture, 48 individual shareholders and corporations on February 1, 2021. Pursuant to the terms, JM Holdings Co.,Ltd. will acquire 0.01203 million shares whereas, Organization for Small & Medium Enterprises and Regional Innovation, JAPAN will sell 29.6% stake, Ota City, Gunma Prefecture will sell 29.6% stake, 48 individual shareholders and corporations will sell 33.1% stake in Den'en Toshi Mirai Nitta Co., Ltd. Den'en Toshi Mirai Nitta Co., Ltd reported net assets of ¥941 million, total assets of ¥1.7 billion, sales of ¥431 million, operating income of ¥122 million and net profit of ¥84 million for the year ended March 31, 2020. The board of directors of JM Holdings Co.,Ltd. approved the transaction. The transaction is expected to complete on February 15, 2021.
JM HOLDINGS CO., LTD., formerly JAPAN MEAT CO.,LTD., is a Japan-based company mainly engaged in supermarket and other businesses. Supermarket Business segment is engaged in the wholesale of meat, food, fruits and vegetables, fresh fish and prepared foods. The Company is also engaged in the operation of large commercial facilities Japan meat store Shosekan, Kanto metropolitan area Japan meat store Wholesale Market, operated by power mart store Power Mart, operated by Hanamasa store Meat Hanamasa and others. The Company is also engaged in the restaurant business, event-related business and outsourcing business.
JM Holdings Co.,Ltd. agreed to acquire the remaining 92.3% stake in Den'en Toshi Mirai Nitta Co., Ltd. from Organization for Small & Medium Enterprises and Regional Innovation, JAPAN, Ota City, Gunma Prefecture, 48 individual shareholders and corporations.
JM HOLDINGS CO.,LTD. 
