Review of the Business Portfolio Through the Transfer of Shares and Receivables in 株式会社イタリアントマト

「On 10 January 2024, the company entered into an agreement with JPiX to transfer all of its shares in its consolidated subsidiary 株式会社イタリアントマト and its loan receivables, and was preparing for the transfer. However, on 10 October 2024, both parties came to intend to terminate the transfer agreement, and the transfer was subsequently cancelled.」

「On 10 January 2024, the company entered into an agreement with 株式会社日本共創プラットフォーム to transfer its shares and receivables in its consolidated subsidiary 株式会社イタリアントマト and was preparing for the transfer. However, the timing of the transfer remains undecided because the procedures and other matters are taking longer than expected. An overview of the share and receivables transfer agreement is provided below. The transferee is 株式会社日本共創プラットフォーム, the subsidiary being transferred is 株式会社イタリアントマト, and the business is related to food service. The shares represent an ownership voting interest of 65.11%, which will become 0% after the transfer. Long-term loans receivable total ¥1,600 million, against which an allowance for doubtful accounts of ¥1,520 million has been recorded. The transfer price is under negotiation.」