TOKYO, Apr 08 (Pulse News Wire) – Hokuto Corporation (1379.T) announced today that its board of directors resolved to acquire the shares of Boatshape Mushroom Company Limited, making it a subsidiary. The acquisition aims to bolster Hokuto's product lineup in response to growing domestic demand for mushrooms.
Boatshape Mushroom Company Limited, established on October 15, 2001, specializes in mushroom processing and sales. It has a capital of ¥51 million and operates out of Yamagata, Saijou Gun Funagata Chou Nagasawa6,831. The firm was founded in October 15, 2001 and currently holds strong production capabilities with a history spanning 24 years. There are also 12 treasury shares (2.8%). The acquisition is expected to take place on April 20, 2026 with the share transfer agreement scheduled for April 20, 2026.
The transaction will result in Hokuto owning 415 shares, consisting of 215 ordinary shares and 200 non-voting dividend preference shares. The price of the acquisition remains undisclosed due to confidentiality agreements but is based on an objective valuation method agreed upon through negotiations. This move is anticipated to have a minor impact on Hokuto Group’s performance for the fiscal year ending March 2027. Hokuto plans to leverage its extensive sales network and procurement advantages to enhance the subsidiary's operations and overall group performance. Further developments will be disclosed promptly should significant events occur.
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