Kyokuyo Co., Ltd.
【Kokuyo】 Dissolution of US Crab Stick Joint Venture and Share Acquisition ｜ May 2026
Kokuyo has agreed to dissolve the joint venture for the US crab stick business and to acquire shares through LS Stream Ltd., planned for implementation on May 15, 2026. The US operations will continue post-dissolution, and the share acquisition will be carried out in stages.
Key Figures
- Joint Venture Dissolution Date: 2026-05-15
- Share Acquisition Cost: 10.5 million US dollars
- Planned Number of Shares Acquired: 336,000 shares
AI要約
Overview of Joint Venture Dissolution and Share Acquisition
Kokuyo will dissolve its joint venture for the US crab stick business, with its subsidiary KAMEC acquiring the shares of GOGH. The business will continue after the dissolution, scheduled for May 15, 2026. GOGH operates the US business through asset management company OKPM, and following this dissolution, KAMEC will become the 100% shareholder. GOGH's shareholder is Da Yang Seafood Pte Ltd.
Share Acquisition and Future Outlook
GOGH will convert its investment capital in OKPM into an investment in Kokuyo, acquiring shares gradually. The acquisition amount will be 10.5 million US dollars, with the final completion scheduled around the end of April 2029. This is expected to have a minimal impact on Kokuyo’s consolidated performance for the fiscal year ending March 2027, and any significant changes will be promptly announced.
Kokuyo
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