Uoriki Co., Ltd. cancelled the acquisition of 39.03% stake in Mogami Sengyo Co., Ltd from Regional Economy Vitalization Corporation of Japan(REVIC).
September 24, 2019
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Uoriki Co., Ltd. (TSE:7596) signed a contract to acquire 39.03% stake in Mogami Sengyo Co., Ltd from Regional Economy Vitalization Corporation of Japan(REVIC) on September 25, 2018. Under the terms, Uoriki will acquire 765 shares of Mogami Sengyo. For the fiscal year ended May 2018, Mogami Sengyo reported sales of ¥5.02 billion. The transaction has been resolved by the Board of Directors of Uoriki Co., Ltd. at the meeting held on September 25, 2018. The transaction is expected to be completed by October 5, 2018.
Uoriki Co., Ltd. (TSE:7596) cancelled the acquisition of 39.03% stake in Mogami Sengyo Co., Ltd from Regional Economy Vitalization Corporation of Japan(REVIC) on September 25, 2019.
UORIKI CO., LTD. is a Japan-based company mainly engaged in the retail business of fresh fish and sushi, wholesale business of fishery products such as fresh fish, as well as food and beverage business. The Company operates through three business segments. The Retail segment is involved in the sale of fresh fish and sushi to general consumers mainly in metropolitan area station buildings, department stores and supermarkets. The Restaurant segment is involved in the operation of sushi restaurants, seafood izakaya and a new business category named Fishoku Shokudo. The Wholesale segment is involved in the sale of products to food supermarkets, local consignees, restaurants, and other domestic and overseas trading companies. The Company is also involved in the tenant business.
UORIKI CO., LTD. 
