Worth reading
60In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
23.4
US$ millions (approximately ¥3.74 billion)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Business AcquisitionCounterpartyNova Restaurant Group LLC and its group companies
Disclosing companycreate restaurants holdings inc.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Restaurant businesses operated by Nova Restaurant Group offering modern American cuisine (6 locations)
Location Near Minneapolis, Minnesota, U.S.
Net SalesUS$47.4 million (approximately ¥7.58 billion), fiscal year ended December 2025
Consideration and expenses
Acquisition priceUS$23.4 million (approximately ¥3.74 billion)
Expenses other than the acquisition priceAdvisory fees and other expenses (estimated): US$0.4 million (approximately ¥60 million)
Type of ConsiderationCash
Goodwill amountPositive goodwill is expected to arise. The amount of goodwill has not yet been determined. The amortization period is not disclosed.
Goodwill is the amount paid in excess of the acquired company's net assets.Impact on Business Performance
The impact on consolidated results for the current fiscal year (the fiscal year ending February 2027) is currently under review.
| Item | Details |
|---|---|
| Transaction name | Business Acquisition |
| Counterparty name | Nova Restaurant Group LLC and its group companies |
| Business Description of the Subject Company | Restaurant businesses operated by Nova Restaurant Group offering modern American cuisine (6 locations) |
| Location of the Subject Company | Near Minneapolis, Minnesota, U.S. |
| Net Sales of the Subject Company | US$47.4 million (approximately ¥7.58 billion), fiscal year ended December 2025 |
| Acquisition price | US$23.4 million (approximately ¥3.74 billion) |
| Expenses other than the acquisition price | Advisory fees and other expenses (estimated): US$0.4 million (approximately ¥60 million) |
| Type of Consideration | Cash |
| Goodwill amount | Positive goodwill is expected to arise. The amount of goodwill has not yet been determined. The amortization period is not disclosed. |
| Impact on Business Performance | The impact on consolidated results for the current fiscal year (the fiscal year ending February 2027) is currently under review. |
| Date of board resolution | 8 June 2026 |
| Contract Date | 8 June 2026 (scheduled) |
| Execution Date / Effective Date | 1 July 2026 (scheduled) |
Items this document does not state (19)
Name of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition
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.We determined that the businesses in question fit the formats we consider important, namely “everyday,” “classic” and “community-focused,” and will contribute over the medium to long term to the expansion of our overseas operations, primarily in North America.
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