Kiyota Meat Holdings Co., Ltd completed the acquisition of Meet Crest Co., Ltd. from Kozosushi Co., LTD..
June 31, 2022
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Kiyota Meat Holdings Co., Ltd agreed to acquire Meet Crest Co., Ltd. from Kozosushi Co., LTD. (TSE:9973) on May 23, 2022. Under the terms, Kiyota Meat Holdings Co., Ltd will acquire 1,000 shares of Meet representing 100% stake. For the year ended May 2021, Meet Crest had ¥160 million of net worth, ¥3,042 million of sales, ¥728 million of total assets, ¥8 million of operating income and ¥4 million of Net Income. Transaction is expected to close on June 1, 2022.
Kiyota Meat Holdings Co., Ltd completed the acquisition of Meet Crest Co., Ltd. from Kozosushi Co., LTD. (TSE:9973) on June 1, 2022.
KOZO Holdings Co Ltd, formerly Kozosushi Co Ltd, is a Japan-based company mainly engaged in the retail business, food and beverage business and distribution business. The Company operates in three business segments. The Retail Business segment is divided into retail business and franchise (FC) business. The retail business sells takeaway sushi. The FC business enters into contracts with franchisees based on a franchise system, provides name recognition and credibility through the use of trademarks, and provides guidance on store construction, product manufacturing, product sales and receives royalty income. The Food and Beverage Business segment operates eat-in style restaurants and FC business. The Distribution Business segment is divided into delivery business and food wholesale business. The delivery business sells home delivery of in-house cooked products. The food wholesale business is engaged in wholesale of commercial food ingredients.