Okamura Trading Co.,Ltd. cancelled the acquisition of an additional 40% stake in Matsuoka International Co., Ltd. from Uoriki Co., Ltd..
September 27, 2016
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Okamura Trading Co.,Ltd. signed a contract to acquire an additional 40% stake in Matsuoka International Co., Ltd. from Uoriki Co., Ltd. (TSE:7596) for ¥40.2 million on September 28, 2015. Okamura Trading will acquire 720 shares of Matsuoka International. On completion, Okamura Trading will hold 80% stake and Uoriki will not hold any stake in Matsuoka International. Matsuoka International reported net assets of ¥98.64 million, total assets of ¥272.65 million, sales of ¥1691.35 million, operating profit of ¥10.21 million and net income of ¥10.07 million as of March 2015. The deal is expected to close by September 30, 2015.
Okamura Trading Co.,Ltd. cancelled the acquisition of an additional 40% stake in Matsuoka International Co., Ltd. from Uoriki Co., Ltd. (TSE:7596) on September 28, 2016.
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. 
