Toridori to Fully Acquire Subsidiary IS Co. and Secure Financing

TOKYO, Jul 27 (Pulse News Wire) – toridori Inc. (9337.T) announced that its board of directors held approved the acquisition of additional shares in its subsidiary, IS Co., making it a wholly-owned entity.

The transaction involves acquiring 4,900 voting rights at an undisclosed price, bringing the total number of voting rights to 10,000. Prior to the acquisition, toridori owned 5,100 voting rights, representing a holding ratio of 51.0%. Post-acquisition, the holding ratio increases to 100.0%. The move aims to enhance operational integration, streamline decision-making processes, and leverage IS Co.’s sales and marketing expertise across the group. Additionally, the complete acquisition will enable more efficient resource allocation and synergy creation within the organization.

The capital increase is expected to be completed on July 31, 2026. In conjunction with the share purchase, toridori entered into a financing agreement with Mizuho Bank for a loan amounting to ¥1.200 billion. The loan carries a floating interest rate based on benchmark rates plus spread and is secured without collateral or guarantees. The contract was finalized, with disbursement scheduled for the same month. The seven-year term includes financial covenants requiring positive net assets and avoiding consecutive losses in ordinary profits.

The company stated that it would continue to monitor the impact of these transactions on future performance and disclose any significant developments promptly.