Expansion of the Overseas Sushi Network Through the Acquisition of SnowFox Topco Limited
First written in FY2023. 1 of 5 entries say "Advanced", first in FY2024-Q1. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026RestatedAnnual report
「The major brands AFC (ZENSHI), SNOWFOX, YO!, Bento and Sushi Circle primarily offer sushi and other takeaway products in Europe and North America.」
The major brands and business operations of the sushi takeaway business in Europe and North America, including Wonderfield following the SnowFox acquisition, continue to be disclosed. - FY2025-H1ReframedAnnual report
「The reporting segment includes Advanced Fresh Concepts Corp., Sushi Circle Gastronomie GmbH and Wonderfield Topco Limited, which operate sushi takeaway businesses overseas, as well as TCRS Restaurants Sdn. Bhd., a halal-certified chicken rice specialty restaurant operator.」
SnowFox Topco Limited is described under the name Wonderfield Topco Limited in the current business structure, indicating a change in the name used after the acquisition. - FY2024-Q2AchievedAnnual report
「ZENSHO INTERNATIONAL LIMITED, a wholly owned subsidiary of the company, entered into a share transfer agreement to acquire all shares of SnowFox Topco Limited at a meeting of its Board of Directors held on 13 June 2023, and acquired all shares on 15 September 2023.」
The SnowFox acquisition progressed from the execution of the share transfer agreement, and the acquisition of all shares was completed on 15 September 2023. The acquisition cost was ¥4,810.8 million, and the voting rights ratio after the acquisition was 100.0%. - FY2024-Q1AdvancedAnnual report
「On 13 June 2023, the company entered into a share transfer agreement with Mayfair Equity Partners Nominees Limited and others to acquire all shares of SnowFox Topco Limited through a newly established subsidiary.」
The SnowFox acquisition progressed from the decision to acquire to the execution of the share transfer agreement on 13 June 2023. A subsequent event also indicated that ¥29,129.7 million of the ¥30,000 million raised through preferred shares was scheduled to be allocated toward the acquisition funding. - FY2023First statedAnnual report
「SnowFox Topco Limited operates approximately 3,000 stores, primarily sushi takeaway stores in North America and the United Kingdom, through its subsidiaries, as well as a sushi manufacturing and wholesale business. The company decided to acquire the shares because it expects to incorporate SnowFox Topco Limited's network into the Group, generate synergies with the Group in menu development, food procurement, logistics, store operations and site development, and further expand its business.」
The company decided to acquire all shares of SnowFox Topco Limited, which has an overseas sushi network of approximately 3,000 stores. The estimated acquisition consideration is ¥87,450 million, and the acquisition is scheduled to proceed after the necessary permits and approvals are obtained.