Kozosushi Co., LTD. concluded a contract to acquire Meat Crest Co., Ltd. and Anispi Holdings Inc. from HSI Global Co., Ltd and Hideaki Fujita for approximately ?780 million.
November 15, 2021
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Kozosushi Co., LTD. (JASDAQ:9973) concluded a contract to acquire Meat Crest Co., Ltd. and Anispi Holdings Inc. from HSI Global Co., Ltd and Hideaki Fujita for approximately ?780 million on November 16, 2021. Kozosushi Co., LTD. will acquire 1000 shares amounting to 100% stake of Meat Crest Co., Ltd. for ?550 million from HSI Global Co., Ltd and will acquire 285 shares amounting to 95% stake of Anispi Holdings Inc. from Hideaki Fujita for ?230 million. Kozosushi will pay ?150 million in cash and will issue 9.09 million shares for acquisition of Meat Crest Co., Ltd. Kozosushi Co., LTD will pay ?130 million in cash and will issue 2.27 million shares for acquisition of Anispi Holdings Inc. After the transaction, Meat Crest Co., Ltd. and Anispi Holdings Inc. will operate as subsidiaries of Kozosushi Co., LTD.
Meat Crest Co., Ltd. reported net worth of ?160 million, total assets of ?728 million, sales of ?3.04 billion, operating profit of ?8 million and net income of ?4 million for the year ending May 2021. Anispi Holdings Inc. reported net worth of ?141 million, total assets of ?1.4 million, sales of ?1.2 billion, operating profit of ?29 million and net income of ?29 million for the year ending March 31, 2021. The Board of Directors of Kozosushi passed a resolution for the transaction on November 16, 2021. The transaction is expected to be completed on December 2, 2021. CIZA Consulting Co., Ltd calculated the stock value.
Kozosushi Co.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of sushi and bento boxes, and supply and provision of raw materials to members as a franchise for Kosushi. The Company operates in three segments. The Takeout Sushi and others segment operates shops under the brand names Kozosushi and Chagetsu. It has directly-managed stores under name Curry House Spicy, Chunyodo and San Marco. Sushi Franchise (FC) business is providing brandâs using right and instruction for product manufacture and sale to get paid. The nursing and welfare business segment has facilities for the elderly with services Laport. The Delivery business segment includes combined home delivery business that provides home delivery sales of in-house prepared foods and home delivery services for nearby restaurants and home delivery FC business.
Kozosushi Co., LTD. concluded a contract to acquire Meat Crest Co., Ltd. and Anispi Holdings Inc. from HSI Global Co., Ltd and Hideaki Fujita for approximately ?780 million.