TOKYO, Jun 24 (Pulse News Wire) – Kobe Bussan CO.,LTD. (3038.T) announced on June 24 that it has finalized the details of a joint capital increase with Gourmet Kijuya aimed at securing funds for the acquisition of 15 companies through the establishment of the joint venture MEAL HUB.
As a result of the capital increase, MEAL HUB's capital will exceed 10% of Kobe Bussan’s capital, making it a subsidiary. The capital increase was decided during a board meeting held on June 24. It involves a combined contribution from both Kobe Bussan and Gourmet Kijuya. Following the execution of the capital increase, Kobe Bussan's voting rights stake in MEAL HUB will stand at 75%. MEAL HUB, established on April 8, 2026, operates in the airline catering sector. Prior to the capital increase, its capital was ¥1 million.
The total amount of the capital increase is ¥58.00 billion, with payment due on June 25, 2026. Post-capital increase, MEAL HUB's capital will reach ¥29.00 billion. After the increase, Kobe Bussan will hold 75% of the shares, while Gourmet Kijuya will own 25%. Half of the paid-in capital will be allocated to capital reserves. The planned completion date for the M&A transaction is scheduled for early August 2026. Kobe Bussan anticipates no significant impact on consolidated performance but will promptly disclose any future developments requiring notification.
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