Agreements reached under this partnership
Joint venture- 1
The Company will establish a joint venture in Taiwan, and the joint venture will acquire the business operated by the counterparty, including 2 restaurants, a central kitchen, trademarks and other assets, contractual positions and employees.
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
Proceed with the establishment of the joint venture and acquisition of the business with the aim of completing them by the fiscal year ending March 2027.
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).
The impact of entering into this basic agreement on the Company's consolidated results for the fiscal year ending March 2027 is expected to be immaterial.
| Item | Details |
|---|---|
| Alliance partner's business activities | A sole proprietor operating 2 restaurants and a central kitchen in Taiwan |
| Alliance partner's location | Taiwan |
| Type of alliance | Joint venture |
| Details of the alliance | The Company will establish a joint venture in Taiwan, and the joint venture will acquire the business operated by the counterparty, including 2 restaurants, a central kitchen, trademarks and other assets, contractual positions and employees. |
| Acquisition price | The parties have agreed to continue discussions on the premise that the enterprise value of the target business is ¥16 million. However, the provisions concerning the acquisition price are not legally binding and may be changed. |
| Overview of the joint venture | Name To be determined (THG Taiwan Co., Ltd. (tentative name)) / Location Taiwan / Business Description Operation of restaurants and food manufacturing / Capital Contributions Undecided / Ownership ratio The Company: 80%; counterparty: 20% |
| Ownership ratio | The Company: 80%; counterparty: 20% |
| Dispatch of directors and officers | The Company plans to have the counterparty remain continuously involved in management as the local operating manager. The dispatch and acceptance of directors and corporate auditors have not been disclosed. |
| Numerical targets under the alliance | Proceed with the establishment of the joint venture and acquisition of the business with the aim of completing them by the fiscal year ending March 2027. |
| Date of board resolution | 13 August 2026 |
| Contract Date | 13 August 2026 |
| Alliance start date | Targeted for the fiscal year ending March 2027 (scheduled) |
| Impact on Business Performance | The impact of entering into this basic agreement on the Company's consolidated results for the fiscal year ending March 2027 is expected to be immaterial. |
Items this document does not state (10)
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.Taiwan is a mature market where demand for Japanese-style ramen has become well established, and the Company has determined that the market has strong affinity with the products and restaurant operating expertise of the Company's group. The Company also believes that acquiring an existing business will reduce the time required to launch operations and the initial investment compared with opening new restaurants. The Company plans to have the counterparty retain an interest in the joint venture and remain continuously involved as the local operating manager, thereby making use of its restaurant operating expertise and promoting employee retention.