GOURMET KINEYA CO.,LTD. [9850.T]
TOKYO, Jun 24 (Pulse News Wire) – Gourmet Kineya CO.,LTD. (9850.T) announced on June 24 that it had decided on the details of a joint capital increase with Kobe Sangyo Co., Ltd.
For its joint venture, MEAL HUB Corp. The capital increase will take place on June 25, 2026, increasing GOURMET KINEYA's equity stake to 25%. As a result, MEAL HUB will become a subsidiary subject to the equity method accounting. The purpose of the capital increase is to secure funds for entering the airline catering business through MEAL HUB. Following the initial agreement in March 2026, the companies finalized the implementation details.
Post-increase, MEAL HUB’s capital will amount to ¥29.00 billion, with Kobe Sangyo holding 75% and GOURMET KINEYA holding 25% of the shares. MEAL HUB was established on April 8, 2026, and its main activities include providing airline meals. Prior to the capital increase, its capital was ¥1 million. Half of the proceeds from the capital increase will be allocated to reserve funds. In addition, GOURMET KINEYA plans to execute the merger and acquisition deal with MEAL HUB in early August 2026.
The impact of this capital increase on consolidated performance is currently being assessed, and any significant findings will be disclosed promptly.
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