PLHD Co., Ltd. completed the acquisition of Hot Palette Co., Ltd. from Pepper Food Service Co., Ltd..
August 30, 2020
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PLHD Co., Ltd. entered into an agreement to acquire JP Co., Ltd. from Pepper Food Service Co., Ltd. (TSE:3053) for ¥8.5 billion on July 3, 2020. The consideration price is subject to JP achieving a certain sales target after the share transfer, therefore there is a possibility that the maximum amount will be increased to ¥10.2 billion. PLHD will acquire 1000 shares, representing 100% stake in JP Co., Ltd. JP Co., Ltd. has net worth of ¥10 million and total assets of ¥10 million. The Board of Directors of Pepper Food Service resolved the transaction.
PLHD Co., Ltd. completed the acquisition of JP Co., Ltd. from Pepper Food Service Co., Ltd. (TSE:3053) on August 31, 2020.
Pepper Food Service Co Ltd is a Japan-based company mainly engaged in the operation of restaurants. The Company operates through four business segments. The Ikinari! Steak Business segment is engaged in the operation of charcoal-grilled steak restaurant Ikinari! Steak, operated directly by the group, a franchise, or a consignment business. The Pepper Lunch Business segment has three businesses: franchise business, direct management business and consignment business. It operates stores such as Pepper Lunch, Pepper Lunch Diner, 92's and food court type Charcoal-grilled Hamburg Steak Kuni, Tokyo 634 Burg, Musashi Hamburg. The Restaurant Business segment operates custom-cut steak restaurants, tonkatsu stores, beef tongue restaurants and others as a direct management, franchise and consignment business of the group. The Product Sales Business segment sells ingredients such as tonkatsu sauce, frozen pepper rice, dressing, and lux ham, as well as chopsticks.
PEPPER FOOD SERVICE CO., LTD. 
