Create Restaurants Holdings Inc. will absorb SFP Holdings Co., Ltd. through a merger effective on July 1, 2026, with a share allocation ratio of 3.2 shares of CRH per 1 share of 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Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-04-14","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/3198-20260414-01.pdf","jir_short_summary":"Create Restaurants Holdings Inc. will absorb SFP Holdings Co., Ltd. through a merger effective on July 1, 2026, with a share allocation ratio of 3.2 shares of CRH per 1 share of SFPHD.","jir_summary":"### Overview of the Merger\nCreate Restaurants Holdings Inc. (CRH) and SFP Holdings Co., Ltd. (SFPHD) plan to conduct an absorption-type merger with CRH as the surviving company and SFPHD as the dissolved company, effective July 1, 2026. The merger ratio is set at 3.2 shares of CRH stock per 1 share of SFPHD stock, with approximately 29.97 million new shares to be issued. SFPHD is scheduled to be delisted from the Tokyo Stock Exchange on June 29, 2026.\n\n### Purpose of the Merger and Synergies\nThis merger aims to integrate the holding company functions of both companies to enhance management resource efficiency, revitalize human capital, and deepen group federated management. Specifically, it targets corporate value enhancement through consolidation of head office functions, reduction of listing maintenance costs, agile capital management, brand value improvement, promotion of new store openings, and sharing of digital marketing capabilities.\n\n### Ensuring Fairness and Procedures\nCRH appointed the independent third-party valuation firm Plutus Consulting, and SFPHD appointed Japan Blue M&A Advisory (JBMA) to calculate the merger ratio, and both boards approved the merger agreement. SFPHD established an independent special committee to ensure fairness. The merger ratio has been judged appropriate based on both companies' financial conditions and future outlooks.\n\n### Future Outlook and Shareholder Response\nThe impact of this merger on CRH\u2019s consolidated earnings is expected to be minimal. SFPHD shareholders will receive CRH shares through this merger and will become eligible to participate in CRH\u2019s shareholder benefit program. SFPHD\u2019s shareholder benefit program is scheduled to be discontinued with rights confirmed as of February 28, 2026.","jir_financial_highlights":"Merger Ratio: 1:3.2 (Unknown)\nNumber of Shares to be Issued: 29,976,438 shares (planned) (Unknown)\nSFPHD Delisting Date: 2026-06-29 (planned) (Unknown)\nCRH Consolidated Earnings Guidance for February 2027 Term Revenue: 171,000 million yen (YoY +3.4%)\nCRH Consolidated Earnings Guidance for February 2027 Term Operating Income: 9,000 million yen (YoY +13.3%)\nSFPHD Consolidated Sales for February 2026 Term: 31,119 million yen (Unknown)\nSFPHD Consolidated Operating Income for February 2026 Term: 1,706 million yen (Unknown)","jir_category":"","jir_hashtags":"#CreateRestaurants, #SFPHoldings, #Merger, #M&A, #JapaneseStocks","jir_key_figures":"Merger Ratio: 3.2 shares of CRH stock allocated per 1 share of SFPHD stock\nNumber of Shares to be Issued: 29,976,438 shares (new shares of CRH)\nSFPHD Delisting Date: 2026-06-29 (planned)","jir_meta_title":"Create Restaurants Announces Absorption Merger with SFP Holdings\uff5cJuly 2026","jir_meta_description":"Create Restaurants Holdings Inc. to absorb SFP Holdings Co., Ltd. Merger ratio set at 3.2 shares per 1 share, effective July 1, 2026. Aiming to enhance management resource efficiency and create synergies.","jir_og_title":"Create Restaurants Announces Absorption Merger with SFP Holdings\uff5cJuly 2026","jir_og_description":"Create Restaurants to absorb SFP Holdings with a merger ratio of 3.2 times, effective July 1, 2026. Driving management efficiency and growth strategy.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":17428,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"m_and_a_alliance","footnotes":""},"sector":[],"importance":[],"class_list":["post-40808","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n