GOURMET KINEYA CO.,LTD. [9850.T]
TOKYO, Mar 31 (Pulse News Wire) – Gourmet Kineya CO.,LTD. (9850.T) announced plans to establish a joint venture (JV) with Kobe Sangyo Co., Ltd.
To acquire shares in 15 companies involved in aircraft catering services. The JV, named Meal Hub Co., Ltd., is scheduled to be established on April 8, 2026, with a capital of ¥1 million. The primary objective is to leverage Gourmet Kineya's expertise in aircraft catering gained since entering the Osaka International Airport market in 2003 through mergers and acquisitions (M&A). By combining this experience with Kobe Sangyo’s supply chain capabilities, the companies aim to create synergies and expand their presence in overseas markets, particularly in aircraft catering. Kobe Sangyo, founded in 1985, operates various businesses including supermarkets, buffet restaurants, barbecue establishments, and ready-made food stores. It also engages in overseas product development and imports, as well as renewable energy projects.
As of October 31, 2025, its major shareholders included the Business Super Japan Dream Foundation (31.71%), Mitsubishi UFJ Trust and Banking Corporation (8.49%), SMBC Trust Bank (2.63%), and others. The JV will focus on acquiring stakes in companies such as LSG Sky Chefs New Zealand Limited, CLS Catering Service Limited, and LSG Catering Guam, Inc., among others. Specific acquisition prices will be determined based on independent appraisals and mutual agreement. The final ownership ratios post-acquisition are expected to reflect contributions from both Gourmet Kineya and Kobe Sangyo, with precise figures yet to be finalized. The board resolution was made, with the M&A contract signed on the same day. The JV formation and subsequent M&A execution are contingent upon regulatory approvals and fulfillment of contractual conditions.
The impact on fiscal 2027 performance will be assessed and disclosed promptly if necessary adjustments arise.
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