TOKYO, Apr 02 (Pulse News Wire) – Garden Co., Ltd. (274A.T) announced today that the setup procedures for its joint venture in Thailand have been completed.
The joint venture, named SINGHA GARDEN Co., Ltd., was established on March 10, 2026, with headquarters located in Bangkok. The capital investment stands at ¥7.5 million Thai baht (approximately $1.95 million) based on the exchange rate of 1 THB = 1.20 JPY. Key personnel include Director Mr. Pongpatanadej Diskul from Boon Rawd Brewery Co., Ltd., Senior Manager Mr. Jatoowit Wibullaksanakul also from Boon Rawd Brewery Co., Ltd., and representatives from Garden Co., Ltd.: Mr. Ryota Inoue, Executive Director, and Mr. Yasuhiro Fukushima, Head of the Third Business Division.
The joint venture's primary business activity involves operating 'Yamashita Honki Udon' stores. The fiscal year-end for the venture is set for December, and the major shareholders consist of Garden Co., Ltd. with a holding ratio of 51%, followed by TD Consulting Co., Ltd. with a holding ratio of 49%. Regarding future performance projections, Garden Co., Ltd. stated that while the immediate impact on their operations is expected to be minor, the venture is anticipated to contribute positively to the company’s long-term growth and value enhancement. Any further significant developments will be promptly disclosed.
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