Pan Pacific International Holdings Corporation agreed to acquire 26.2% stake in Kanemi Co., Ltd. from FamilyMart UNY Holdings Co., Ltd. for for ¥7.9 billion.
February 26, 2019
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Pan Pacific International Holdings Corporation (TSE:7532) agreed to acquire 26.2% stake in Kanemi Co., Ltd. (JASDAQ:2669) from FamilyMart UNY Holdings Co., Ltd. (TSE:8028) for ¥7.9 billion on February 27, 2019. As per the terms, Pan Pacific will acquire 2.62 million shares and will hold the same. The deal is expected to be completed on April 12, 2019. The impact of the share acquisition on performance in the fiscal year ending June 30,
2019, is projected to be minimal.
Kanemi Co.,Ltd. is a Japan-based company mainly engaged in the manufacture and sale of bento boxes, sushi, rice balls, side dishes, among others. The Company operates through two business segments. The Tenant segment is involved in the production and sale of sushi and prepared dishes through general side dish shops, sushi specialty shops and western-style side dish shops opened in supermarkets and the other, as well as the operation of Japanese restaurants and sushi restaurants. The External Sale segment is involved in the manufacture and delivery of bento boxes, rice balls and prepared dishes for convenience store members.
Pan Pacific International Holdings Corporation agreed to acquire 26.2% stake in Kanemi Co., Ltd. from FamilyMart UNY Holdings Co., Ltd. for for ¥7.9 billion.
KANEMI CO., LTD. 
