TYO:9861

3 stories mentioning TYO:9861Updated just now

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Yoshinoya's U.S. Unit Completes Acquisition of Ramen Chain Operator

Yoshinoya's (TYO:9861) subsidiary, Yoshinova US, has finalized its acquisition of a 70% equity interest in operator of ramen and izakaya restaurant chains Kizuki International.Concurrently, the company disposed of 380,500 treasury shares via private placement to Bestasiangrocer.com at $19.71 per share, totalling approximately $7.5 million.The share disposal was executed through an in-kind contribution, using the allottee's claim against Yoshinova US for the Kizuki purchase price, so no cash changed hands.The financial impact on the fiscal year ending February 2027 is still under assessment, with further disclosures to follow if material.

TYO:9861

Asia1h ago

Yoshinoya Unit Completes 70% Kizuki Acquisition, Treasury Share Placement

Yoshinoya (TYO:9861) said its unit Yoshinoya US Holdings completed the acquisition of a 70% equity interest in the US-based ramen restaurant operator Kizuki International, according to a Tokyo bourse filing on Wednesday.The Tokyo-listed company said it has privately placed 380,500 treasury shares with Bestasiangrocer.com, the seller, at $19.71 apiece.The private placement of treasury shares had a payment period between July 27 and Sept. 24 and was settled through an in-kind contribution to the seller.

TYO:9861

Asia51d ago

Yoshinoya Board Approves Acquisition of 70% Stake in US-based Kizuki International

Yoshinoya (TYO:9861) said its board approved the acquisition of a 70% equity interest in the US-based ramen restaurant operator Kizuki International through its unit, Yoshinoya US Holdings, according to a Tokyo bourse filing on Monday.The Tokyo-listed company said that the stake will be acquired from Bestasiangrocer.com, which holds 97.66% of Kizuki, and the consideration will include cash and a private placement of treasury shares.Meanwhile, the board approved a membership interest purchase agreement to accelerate the growth of the ramen business in the US market.

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