YOSHIMURA FOOD HOLDINGS K.K. Yoshimura Food Holdings K.K. (TSE:2884) agreed to acquire 70% stake in Y S Foods Co., Ltd. from Takuya Sakamoto and Yusuke Sakamoto for ¥6 billion on August 29, 2023. The funds required for this acquisition will be covered by bank loans. Y S Foods Co., Ltd. reported total assets of ¥11.29 billion, net assets of ¥2.85 billion, operating income of ¥1.75 billion, and net income of ¥832 million on the Fiscal year ending July 2022.
Yusuke Sakamoto, Senior Managing Director of the target company, will continue to hold 30% of the shares and will continue to hold the position of Representative Director, President, and Senior Managing Director.
