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.
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.
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.