ヨシムラ・フード・ホールディングス announced that it will acquire all shares of 日本罐詰 from 明治 and complete the share acquisition on 1 November. The company aims to strengthen its business base in Hokkaido by leveraging 日本罐詰's production system using agricultural products.
ヨシムラ・フード・ホールディングス announced that it will acquire all shares of 日本罐詰 from 明治 and make it a subsidiary. It entered into a share transfer agreement on the same date and plans to set 1 November as the acquisition date.
日本罐詰 manufactures and sells frozen vegetables and retort foods made from agricultural products produced in Tokachi, including sweet corn, pumpkin, green beans, edamame, green peas and broccoli. It has built long-standing relationships of trust with contract farmers in the Tokachi area and established a stable raw material procurement system.
The number of shares to be acquired is 2,311,748, and the voting rights ownership ratio after the acquisition will be 100%. The acquisition price is undisclosed. By incorporating 日本罐詰's procurement and processing capabilities into the group, ヨシムラ・フード・ホールディングス aims to strengthen its business base in Hokkaido. It also plans to use the group's sales network to expand distribution channels for existing products and develop new customers.
日本罐詰 reportedly recorded net sales of ¥3.041 billion, operating profit of ¥209 million and net income attributable to owners of the parent of ¥132 million for the fiscal year ended March 2026. Through the acquisition, the group aims to strengthen its agricultural raw material procurement and processing capabilities in Hokkaido and expand its business through its domestic and international sales networks.