Elecom Acquires Shares of Shokuzai to Strengthen Food Service Sector

TOKYO, Jun 25 (Pulse News Wire) – Elecom CO.,LTD. (7675.NG) announced that its subsidiary Tokan acquired all shares of Shokuzai, excluding treasury shares, through a resolution made at a board meeting held on June 25, 2026.

The acquisition was executed on June 24, 2026. Shokuzai, known for manufacturing aquatic processed foods primarily for school lunches, strengthens ELECOM's position in the food service sector. The move aims to enhance product offerings to food service clients and potentially expand into supermarket and restaurant markets. Additionally, Shokuzai’s production capabilities could contribute to regional collaboration initiatives, contributing to overall corporate value enhancement. Key details of Shokuzai include a capital of ¥10 million and revenue of ¥499 million (as of September 2025). Following the acquisition, Shokuzai’s representative director, Ms.

Mitsuoka Kaori, will step down, and Mr. Suzuki Koichi, currently the department head of Food Services Sales at Toe Khan Joumu Shikkou Yakuin, will take over as the new president. The transaction involved acquiring 4,625 shares, resulting in ELECOM owning 4,625 voting rights, representing 100.0% of total outstanding shares. Specific share purchase prices remain undisclosed due to confidentiality agreements. Scheduled milestones included a board decision on June 25, 2026, contract signing on June 24, 2026, and completion of share transfers also on June 24, 2026. Post-acquisition, Shokuzai will operate as a non-consolidated subsidiary, with minimal impact expected on consolidated performance for the current fiscal year.

Any significant developments will be promptly disclosed.