G.taste Co.,Ltd. acquired 92.51% stake in Kabenoana Co., Ltd.
August 30, 2018
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G.taste Co.,Ltd. (JASDAQ:2694) acquired 92.51% stake in Kabenoana Co., Ltd on August 31, 2018. Under the terms, G.taste Co.,Ltd acquired 3 million shares of Kabenoana Co., Ltd. For the fiscal year ended December 2017, Kabenoana Co., Ltd reported net assets of ¥666 million, total assets of ¥1.3 billion, sales of ¥2.1 billion, operating profit of ¥6 million and net loss of ¥57 million. GCA FAS Co., Ltd. acted as financial advisor to Kabenoana Co., Ltd.
G.taste Co.,Ltd. (JASDAQ:2694) completed the acquisition of 92.51% stake in Kabenoana Co., Ltd on August 31, 2018.
Yakiniku Sakai Holdings Inc, formerly G.taste Co Ltd, is a Japan-based company mainly engaged in the operation of restaurants. The Company is engaged in the operation of chain stores named Heiroku Sush, Toriaezu Gohei, Murasaki, Yakinikuya Sakai, Nikusho Sakai, Omuraisutei, Nagasaki chan men and others, as well as the sale of products to franchisees operating under the same names. The Company is also engaged in the operation of restaurants named TONKOU, a Chinese restaurant; Shabu-Shabu Shimizu, a shabu-shabu restaurant; TEN.FOUR, a pizza manufacturing, home delivery and over-the-counter sales store; Kabenoana, an Italian restaurant; Shichifuku, a sushi and seafood izakaya restaurant; World Gourmet Junction, a food court; Dominique Buschet Tokyo and Le Copan de Dominique Busche, which are French restaurants.
YAKINIKU SAKAI HOLDINGS INC. 