Create Restaurants Holdings Inc. (CRH) will absorb SFP Holdings Co., Ltd. (SFPHD) effective July 1, 2026, allocating 3.2 CRH shares for each SFPHD share to SFPHD shareholders.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"3387","jir_company_name":"Create Restaurants Holdings 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\/3387-20260414-03.pdf","jir_short_summary":"Create Restaurants Holdings Inc. (CRH) will absorb SFP Holdings Co., Ltd. (SFPHD) effective July 1, 2026, allocating 3.2 CRH shares for each SFPHD share to SFPHD shareholders.","jir_summary":"### Overview of the Merger\nCreate Restaurants Holdings Inc. (CRH) and SFP Holdings Co., Ltd. (SFPHD) have resolved to execute an absorption-type merger effective July 1, 2026, with CRH as the surviving company and SFPHD as the dissolved company, and have concluded the merger agreement. SFPHD will be delisted from the Tokyo Stock Exchange on June 29, 2026. Under the merger, SFPHD shareholders will receive 3.2 CRH shares for each share held.\n\n### Purpose and Synergies of the Merger\nThis merger aims to integrate the holding company functions of both entities to optimize management resources, revitalize human capital, and deepen group-based consolidated management. It will allow consolidation of overlapping headquarters functions, reduction of listing maintenance costs, and flexible capital management, enhancing the value of existing brands and enabling swift execution of new M&A opportunities. Furthermore, sharing expertise between both companies is expected to drive new store openings and improve profitability.\n\n### Calculation of the Merger Ratio and Fairness Measures\nThe merger ratio is set at 3.2 CRH shares for each SFPHD share. This was determined by independent third-party valuation institutions engaged by both companies with legal advice received. SFPHD established an independent special committee to ensure fairness and prevent conflicts of interest. The special committee confirmed the fairness of the merger and its contribution to enhancing corporate value, and the board of directors resolved to conclude the merger agreement.\n\n### Outlook and Shareholder Benefits\nThe impact of the merger on CRH's consolidated earnings is expected to be minimal. SFPHD's shareholder benefit program will be discontinued after the record date of February 28, 2026, but following the merger, CRH's shareholder benefit program will apply, and benefit vouchers can be used at stores operated by SFPHD.","jir_financial_highlights":"Merger Ratio: 3.2 CRH shares per 1 share (Unknown)\nPlanned Number of CRH Shares Issued: 29,976,438 shares (Unknown)\nSFPHD Delisting Date: Scheduled for June 29, 2026 (Unknown)\nMerger Effective Date: Scheduled for July 1, 2026 (Unknown)\nCRH Consolidated Earnings Forecast for Fiscal Year Ending February 2027 - Revenue: 171,000 million yen (YoY +3.4%)\nCRH Consolidated Earnings Forecast for Fiscal Year Ending February 2027 - Operating Income: 9,000 million yen (YoY +13.3%)\nSFPHD Consolidated Revenue for Fiscal Year Ending February 2026: 31,119 million yen (Unknown)\nSFPHD Consolidated Operating Income for Fiscal Year Ending February 2026: 1,706 million yen (Unknown)","jir_category":"","jir_hashtags":"#CreateRestaurantsHoldings, #SFPHoldings, #Merger, #MandA, #JapaneseStocks","jir_key_figures":"Merger ratio: Allocation of 3.2 CRH shares per 1 SFPHD share\nSFPHD delisting date: Scheduled for June 29, 2026\nMerger effective date: Scheduled for July 1, 2026","jir_meta_title":"\u3010Create Restaurants\u3011Absorption Merger with SFP Holdings\uff5cJuly 2026","jir_meta_description":"Create Restaurants Holdings Inc. will absorb SFP Holdings Co., Ltd. effective July 1, 2026. SFPHD shareholders will be allocated 3.2 CRH shares per share. Delisting is scheduled for June 29, 2026.","jir_og_title":"\u3010Create Restaurants\u3011Announces Absorption Merger with SFP Holdings","jir_og_description":"Create Restaurants will absorb SFP Holdings in July 2026. The merger ratio is set at 3.2 CRH shares per SFPHD share.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":8110,"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-40816","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n