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Business Alliance3075Choushimaru Co.,Ltd.Retail

Royal Holdings, Choushimaru and Sojitz collaborate on SUSHI-TEN USA, opening the sushi-focused restaurant SUSHI BLISSBA in the United States

A U.S. corporation jointly funded by ROYAL HOLDINGS Co., Ltd., Choushimaru Co.,Ltd. and Sojitz Corporation will open SUSHI BLISSBA, a sushi-focused restaurant, in Santa Ana, California, as its third location. The collaboration in the United States will be expanded to a new brand and a new location.

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Agreements reached under this partnership

Joint venture
3075Choushimaru Co.,Ltd.
Alliance partnerROYAL HOLDINGS Co., Ltd. / Choushimaru Co.,Ltd. / Sojitz Corporation
Details of the alliance
  1. 1

    Provide a place where customers can experience culinary bliss while enjoying delicious Japanese cuisine centered on sushi and slowly savoring a rich selection of alcoholic beverages

  2. 2

    Offer counter, table and terrace seating to meet customers' diverse needs

  3. 3

    Welcome customers with hospitality added to the quality and expertise, highly regarded and developed at SUSHI NIGIRIBA

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

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).

Ownership ratioROYAL HOLDINGS Co., Ltd. 34% / Choushimaru Co.,Ltd. 33% / Sojitz Corporation 33%
Overview of the joint ventureName SUSHI-TEN USA Inc. / Location Santa Ana, California / Business Description Development of businesses in the United States, primarily in the food-service sector / Capital Contributions $12,000,000 / Ownership ratio ROYAL HOLDINGS Co., Ltd. 34%, Choushimaru Co.,Ltd. 33%, Sojitz Corporation 33%
About the partner
Business DescriptionPure holding company overseeing and managing the group / Operation of Sushi Choshimaru, Edomae Sushi Hyakumangoku, Sushi Choshimaru Miyabi and Sushi Yasuke / Manufacture and sale of a diverse range of products in Japan and overseas, imports and exports, provision of services, and various business investments
LocationFukuoka, Fukuoka Prefecture / Chiba, Chiba Prefecture / Chiyoda-ku, Tokyo
Share capital¥17,830 million / ¥100 million / ¥160,339 million
Alliance start date18 March 2024 (date of establishment of the local corporation)
Agreements reached under this partnership
ItemDetails
Name of alliance partnerROYAL HOLDINGS Co., Ltd., Choushimaru Co.,Ltd., Sojitz Corporation
Alliance partner's business activitiesPure holding company overseeing and managing the group, Operation of Sushi Choshimaru, Edomae Sushi Hyakumangoku, Sushi Choshimaru Miyabi and Sushi Yasuke, Manufacture and sale of a diverse range of products in Japan and overseas, imports and exports, provision of services, and various business investments
Alliance partner's locationFukuoka, Fukuoka Prefecture, Chiba, Chiba Prefecture, Chiyoda-ku, Tokyo
Alliance partner's capital¥17,830 million, ¥100 million, ¥160,339 million
Type of allianceJoint venture
Details of the allianceProvide a place where customers can experience culinary bliss while enjoying delicious Japanese cuisine centered on sushi and slowly savoring a rich selection of alcoholic beverages, Offer counter, table and terrace seating to meet customers' diverse needs, Welcome customers with hospitality added to the quality and expertise, highly regarded and developed at SUSHI NIGIRIBA
Overview of the joint ventureName SUSHI-TEN USA Inc. / Location Santa Ana, California / Business Description Development of businesses in the United States, primarily in the food-service sector / Capital Contributions $12,000,000 / Ownership ratio ROYAL HOLDINGS Co., Ltd. 34%, Choushimaru Co.,Ltd. 33%, Sojitz Corporation 33%
Ownership ratioROYAL HOLDINGS Co., Ltd. 34% / Choushimaru Co.,Ltd. 33% / Sojitz Corporation 33%
Alliance start date18 March 2024 (date of establishment of the local corporation)
Items this document does not state (14)
Alliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionContract DateShare Acquisition Date and Payment DateImpact on Business PerformanceChange 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.

To add hospitality to the quality and expertise developed at SUSHI NIGIRIBA, provide a place where customers can enjoy delicious Japanese cuisine centered on sushi along with alcoholic beverages, and create new value in the U.S. food-service market.

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Royal Holdings, Choushimaru and Sojitz collaborate on SUSHI-TEN USA, opening the sushi-focused restaurant SUSHI BLISSBA in the United States | Choushimaru Co.,Ltd. (3075) timely disclosure | Komori