G.taste Co.,Ltd. cancelled the acquisition of Yusawa, K.K. from Tsuyoshi Yuzawa and Mayumi Yuzawa.
September 18, 2019
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G.taste Co.,Ltd. (JASDAQ:2694) signed a contract to acquire Yusawa, K.K. from Tsuyoshi Yuzawa and Mayumi Yuzawa on September 19, 2018. G.taste Co.,Ltd will acquire 0.02 million shares of Yusawa, K.K. Tsuyoshi Yuzawa owns 75% and Mayumi Yuzawa owns 25% stake in Yusawa, K.K. Post completion, Yusawa, K.K. will operate as a subsidiary of G.taste Co.,Ltd. Yusawa, K.K. reported total assets of ¥876.7 million and net assets of ¥319.5 million as of October 31, 2017 and revenues of ¥1.6 billion, operating profit of ¥184.3 million and net profit of ¥128 million for the year ended October 31, 2017. Under the terms of the agreement, three stores will be separated from Yusawa, K.K. and will be transferred to the new company. The transaction is subject to completion of the completion of this split. The transaction is resolved by the Board of G.taste Co.,Ltd. The transaction is expected to complete on October 1, 2018.
G.taste Co.,Ltd. (JASDAQ:2694) cancelled the acquisition of Yusawa, K.K. from Tsuyoshi Yuzawa and Mayumi Yuzawa on September 19, 2019.
Yakiniku Sakai Holdings Inc, formerly G.taste Co Ltd, is a Japan-based company mainly engaged in the operation of restaurants. The Company is engaged in the operation of chain stores named Heiroku Sush, Toriaezu Gohei, Murasaki, Yakinikuya Sakai, Nikusho Sakai, Omuraisutei, Nagasaki chan men and others, as well as the sale of products to franchisees operating under the same names. The Company is also engaged in the operation of restaurants named TONKOU, a Chinese restaurant; Shabu-Shabu Shimizu, a shabu-shabu restaurant; TEN.FOUR, a pizza manufacturing, home delivery and over-the-counter sales store; Kabenoana, an Italian restaurant; Shichifuku, a sushi and seafood izakaya restaurant; World Gourmet Junction, a food court; Dominique Buschet Tokyo and Le Copan de Dominique Busche, which are French restaurants.
YAKINIKU SAKAI HOLDINGS INC. 
