Worth reading
46Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Agreements reached under this partnership
Joint venture274AGarden Co.,Ltd.
Alliance partnerS Star Holding Co., Ltd. / Boon Rawd Brewery Co., Ltd. / TD Consulting Co., Ltd.
Capital and personnel relationships
This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
49.00%Our ownership stake in the partner’s shares
Ownership ratioS Star Holding Co., Ltd.: 50.00%; Garden Co.,Ltd.: 49.00%; TD Consulting Co., Ltd.: 1.00%
Overview of the joint ventureName SINGHA GARDEN Co., Ltd. / Location Bangkok, Thailand / Business Description Operation of “Yamashita Honki Udon” restaurants / Capital Contributions THB 7.5 million (approximately ¥36 million) / Ownership ratio S Star Holding Co., Ltd.: 50.00%; Garden Co.,Ltd.: 49.00%; TD Consulting Co., Ltd.: 1.00%
Dispatch of directors and officers2 Senior Managers of Boon Rawd Brewery Co., Ltd., 1 full-time director of Garden Co.,Ltd., and 1 head of its 3rd Sales Division have been appointed as Directors.
Impact on Business Performance
The Company expects this matter to have a minor impact on its results, but believes that it will contribute to improving the Company's results and corporate value over the medium term.
Date of board resolution6 October 2025Contract Date8 October 2025Alliance start dateScheduled for around autumn 2026
| Item | Details |
|---|---|
| Name of alliance partner | S Star Holding Co., Ltd., Boon Rawd Brewery Co., Ltd., TD Consulting Co., Ltd. |
| Type of alliance | Joint venture |
| Shareholding ratio | Not disclosed → Garden Co.,Ltd.: 49.00% |
| Overview of the joint venture | Name SINGHA GARDEN Co., Ltd. / Location Bangkok, Thailand / Business Description Operation of “Yamashita Honki Udon” restaurants / Capital Contributions THB 7.5 million (approximately ¥36 million) / Ownership ratio S Star Holding Co., Ltd.: 50.00%; Garden Co.,Ltd.: 49.00%; TD Consulting Co., Ltd.: 1.00% |
| Ownership ratio | S Star Holding Co., Ltd.: 50.00%; Garden Co.,Ltd.: 49.00%; TD Consulting Co., Ltd.: 1.00% |
| Dispatch of directors and officers | 2 Senior Managers of Boon Rawd Brewery Co., Ltd., 1 full-time director of Garden Co.,Ltd., and 1 head of its 3rd Sales Division have been appointed as Directors. |
| Date of board resolution | 6 October 2025 |
| Contract Date | 8 October 2025 |
| Alliance start date | Scheduled for around autumn 2026 |
| Impact on Business Performance | The Company expects this matter to have a minor impact on its results, but believes that it will contribute to improving the Company's results and corporate value over the medium term. |
Items this document does not state (13)
Alliance partner's business activitiesAlliance partner's locationAlliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeDetails of the allianceNumber of shares acquiredAcquisition priceContract PeriodNumerical targets under the allianceShareholding PolicyShare Acquisition Date and Payment DateChange in major shareholders
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The procedures for establishing the joint venture company have been completed. Although the Company expects this matter to have a minor impact on its results, it believes that the joint venture will contribute to improving its results and corporate value over the medium term.
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