TAIYO BUSSAN KAISHA,LTD. [9941.T]
TOKYO, Apr 24 (Pulse News Wire) – Taiyo Bussan Kaisha,ltd. (9941.T) resolved today to acquire Ichigo Holdings through a share swap, making Ichigo its wholly-owned subsidiary.
The deal is set to take effect on July 1, 2026, pending approval at scheduled extraordinary shareholders' meetings in late June. With this move, Taiyo Bussha plans to enter the pizza delivery sector, leveraging Ichigo's brand strength and operational expertise. Under the agreement, Taiyo Bussha will issue approximately 493,829 ordinary shares to Ichigo Holdings shareholders based on a ratio determined by Ace Consulting Co., which evaluated the companies’ stock values using market price and discounted cash flow methods. The swap ratio was calculated to ensure fairness and,: This strategic shift aims to enhance revenue diversification and portfolio stability within the group. Taiyo Bussha intends to utilize its procurement capabilities and overseas network alongside Ichigo’s retail operations know-how to optimize ingredient supply, elevate product development, and streamline logistics functions.
Immediate actions post-acquisition include expanding store openings and improving existing outlets' profitability, laying groundwork for future international expansion. Additionally, Taiyo Bussha will implement a lock-up agreement restricting the sale of acquired shares for six months from the effective date to maintain market stability and protect shareholder interests. The company envisions strengthening its trading business while bolstering real-sector activities to achieve balanced growth and sustained profit expansion. As part of the transaction, Ichigo Holdings' subsidiary Strawberry Corns will become a grandchild company of Taiyo Bussha, leading to changes in consolidated subsidiaries and major shareholders. Notably, Kino Masanori, who holds significant stakes in both companies, will consolidate his influence as a key decision-maker.
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