Morinaga&Co., Ltd.
Announcement Regarding Acquisition of Shares of MyMo Holdco, Inc. (Subsidiarization)
Morinaga & Co., Ltd. will acquire all shares of the largest US mochi ice cream manufacturer, MyMo Holdco, Inc., for approximately USD 135 million and make it a subsidiary. The share transfer is scheduled for April 1, 2026.
Key Figures
- Acquisition price: Approximately USD 135 million (common stock USD 130 million + advisory fees and others USD 5 million)
- Loan amount: Yen equivalent of USD 150 million (planned borrowing from MUFG Bank, Ltd.)
- MyMo Holdco, Inc. Consolidated Net Sales Forecast for Fiscal Year Ending June 2025: USD 60 million
AI要約
Purpose and Background of the Acquisition
Morinaga & Co., Ltd. resolved to acquire all shares of the largest US mochi ice cream manufacturer, MyMo Holdco, Inc., and make it a subsidiary to achieve its 2030 management plan and pursue sustainable growth by entering the US frozen confectionery market in earnest. MyMo primarily offers high-quality mochi ice cream and holds the No.1 market share in the US. Leveraging the strengths of both companies, they aim to grow the frozen confectionery business and build a value chain.
Overview of the Acquisition and Future Outlook
The number of shares acquired is 10,048.2098 shares, with an acquisition price of approximately USD 135 million. Along with the acquisition, a loan in yen equivalent to USD 150 million is planned. The share transfer execution date is scheduled for April 1, 2026. The impact of this acquisition on consolidated financial results is currently being examined and will be disclosed promptly as necessary.
