Worth reading
36Immaterial
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
1625
CNY ten thousandWording
Conditional
How definitive the wording is.This transaction
This company splitCounterparty北京寿司郎餐飲有限公司
Disclosing companyFOOD & LIFE COMPANIES LTD.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Operation of conveyor-belt sushi restaurants
Location Pudong New Area, Shanghai, People's Republic of China (planned)Share capital CNY 16.25 million (approximately ¥386 million) (planned)Date of incorporation January 2027 (planned)
Impact on Business Performance
The impact of this company split on the Company's consolidated results will be immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionShareholder approval of the split plan (scheduled for October 2026)
Management structure after acquisition上海寿司郎餐飲有限公司 (tentative name); the general manager is expected to be 森 Keiji (森圭司). 7 officers from the Company are expected to take office. Employee treatment: Not disclosed.
| Item | Details |
|---|---|
| Transaction name | This company split |
| Counterparty name | 北京寿司郎餐飲有限公司 |
| Name of the Subject Company | 上海寿司郎餐飲有限公司 (tentative name) |
| Business Description of the Subject Company | Operation of conveyor-belt sushi restaurants |
| Location of the Subject Company | Pudong New Area, Shanghai, People's Republic of China (planned) |
| Capital Stock of the Subject Company | CNY 16.25 million (approximately ¥386 million) (planned) |
| Date of Establishment of the Subject Company | January 2027 (planned) |
| Voting rights ownership percentage | After 100% (planned) (before not disclosed) |
| Impact on Business Performance | The impact of this company split on the Company's consolidated results will be immaterial. |
| Date of board resolution | 30 September 2026 |
| Execution Date / Effective Date | January 2027 (planned) |
| Conditions Precedent to Execution | Shareholder approval of the split plan (scheduled for October 2026) |
| Management structure after acquisition | 上海寿司郎餐飲有限公司 (tentative name); the general manager is expected to be 森 Keiji (森圭司). 7 officers from the Company are expected to take office. Employee treatment: Not disclosed. |
Items this document does not state (19)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial Committee
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 reorganization of regional management functions is intended to improve operating efficiency and strengthen governance in order to accelerate store openings in mainland China. The Company states that it aims to achieve sustainable growth in its China business as a result.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.