H2O Retailing Corporation cancelled the acquisition of an additional stake in UMENOHANA Co., Ltd..
December 02, 2015 at 11:00 pm EST
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H2O Retailing Corporation (TSE:8242) signed a basic agreement to acquire an additional stake in UMENOHANA Co., Ltd. (TSE:7604) on February 13, 2015. After the transaction, UMENOHANA Co., Ltd will operate as a subsidiary of H2O Retailing Corporation. Both H2O and UMENOHANA passed a corporate resolution to approve the transaction.
H2O Retailing Corporation (TSE:8242) cancelled the acquisition of an additional stake in UMENOHANA Co., Ltd. (TSE:7604) on December 3, 2015.
UMENOHANA CO., LTD. is a company mainly engaged in the operation of restaurants. The Company operates in three business segments. The Catering segment is engaged in the operation of Japanese and Chinese style restaurants under the names UMENOHANA, CHINA UMENOHANA and KANISHIGE, among others. It offers bean curd skin and bean curd course dishes, drinks, crab course dishes, Chinese course dishes and Chinese delicatessens. This segment is also engaged in the provision of take out services for lunch boxes and others, as well as the royalty business. The Takeout segment is engaged in the operation of takeout stores under the names KOICHIAN SUSHI and UMENOHANA. It offers sushi, rice, Shao-Mai (steamed pork dumplings), fried bean curd skin and wheat gluten. It is also engaged in the online sale of gift items. The others segment is involved in the export business, as well as manufacture and sale of processed fishery products.
UMENOHANA CO., LTD. 
