Food & Life Companies Ltd.
Notice Regarding Transfer of Specific Subsidiary
To expand its China business, part of consolidated subsidiary Beijing Sushiro will be transferred by a split (successor split) to newly established Shanghai Sushiro. The split aims to strengthen governance in the Chinese market and accelerate store openings. The new Shanghai Sushiro will primarily operate conveyor-belt sushi restaurants, with capital of 1,625 ten thousand yuan (approx. 386 million yen), 100% ownership, and is scheduled to be established in January 2027. The impact on earnings is expected to be minor.
Key Figures
- Capital: 1,625 ten thousand yuan (approx. 386 million yen) (planned)
- Ownership ratio: 100% (planned)
- Establishment year: January 2027 (planned)
AI要約
Key Points
At the board meeting held today, it was resolved to transfer part of the business of consolidated subsidiary Beijing Sushiro to the newly established Shanghai Sushiro Catering Co., Ltd. by a company split (successor split). Shanghai Sushiro will be responsible for operating conveyor-belt sushi restaurants, with capital of approx. 386 million yen, and will be 100% funded by Sushiro (China) Investment Co., Ltd. The company is scheduled to be established in January 2027 and is expected to become a specified subsidiary of the Company.
Future Schedule and Impact
Shareholder approval of the split plan is scheduled for October 2026, with the effective date and the new company's establishment scheduled for January 2027. This aims to strengthen area-specific governance and improve operational efficiency in the Group's China market. The impact of this matter on consolidated financial results is expected to be minor.
Food & Life Companies Ltd.
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