SFP Holdings Co., Ltd. signed a contract to acquire 99.8% stake in CLOOCDINING CO.,LTD.
May 29, 2019
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SFP Holdings Co., Ltd. (TSE:3198) signed a contract to acquire 99.8% stake in CLOOCDINING CO.,LTD. on May 30, 2019. Under the terms, SFP Holdings Co., Ltd. will acquire 998 shares of CLOOCDINING CO.,LTD. For the year ended June 2018, CLOOCDINING CO.,LTD. reported net assets of approximately ¥140 million, sales of ¥1 billion, operating income of ¥17.3 million and net income of ¥19 million. The transaction is expected to close on July 1, 2019.
SFP Holdings Co., Ltd. is a Japan-based company mainly engaged in restaurants operation. The Company operates through two business segments. The Toriyoshi segment is engaged in the operation of special stores of fried chicken wings, such as Toriyoshi and Toriyoshi Shoten. Isomaru segment is engaged in the sale of fishes and shellfishes. The Company marks Toriyoshi and Isomaru as main business categories, operates Izakaya in directly chain-operated managed system. It operates in Aichi and Fukuoka prefectures with franchise method. It also operates a soba restaurant Nama Soba Tamagawa and a bar GonoGo.
SFP HOLDINGS CO., LTD. 
