TOKYO, Mar 19 (Pulse News Wire) – Satudora Holdings CO.,LTD. (3544.T) announced today that its board of directors had approved the resolution to transfer all ordinary shares held in North Hokkaido MD Corporation to Co-op Sapporo.
The decision was made based on changes in the business environment and strategic considerations of the involved companies. North Hokkaido MD Corporation, established through joint investment by Satudora Holdings, Co-op Sapporo, and Kato Sangyo Co., Ltd., aimed to consolidate various procurement activities. However, due to evolving circumstances, the companies agreed that transferring Satudora's stake would enable more agile and efficient operations. North Hokkaido MD Corporation, headquartered in Hokkaido Sapporo Shi Nishi Ku Hassamu Juu Ichi Jou Go Choume10-1, has a capital of ¥10 million. It was founded on December 28, 2020 and operates food and daily goods sales along with related businesses. As of now, Co-op Sapporo holds 49.00% of the equity, while Kato Sangyo Co., Ltd.
Holds 2.00%. Following the share transfer, Co-op Sapporo will own 100% of the ordinary shares of North Hokkaido MD Corporation. The transaction is scheduled to take place on May 15, 2026. The transfer price remains undisclosed per agreement with the transferee. Satudora Holdings anticipates that this move will have a minor impact on its fiscal year ending May 2026. Any further significant developments will be disclosed promptly upon confirmation.
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