日本製麻 will acquire additional shares in Food Operation Japan (FOJ), making FOJ a wholly owned subsidiary. 日本製麻 currently holds a 49.2% stake, and plans to increase its ownership to 100% through the additional acquisition. The share transfer is scheduled to be completed on 31 August 2026.
日本製麻 resolved to acquire shares in Food Operation Japan Co., Ltd. and make FOJ a wholly owned subsidiary. Before the acquisition, it held 295 FOJ shares, representing 49.2% of the voting rights. Through the additional acquisition, it will acquire 305 shares, representing 50.8% of the voting rights, bringing its ownership after the acquisition to 600 shares and 100% of the voting rights. The acquisition price is undisclosed, while due diligence and related expenses are stated to be ¥7.8 million.
The transaction involves making FOJ a subsidiary through a share acquisition. The Board of Directors approved the transaction on 6 August 2026, the agreement was signed on the same date, and the share transfer is scheduled to be completed on 31 August 2026. FOJ operates ramen restaurants, provides restaurant operations consulting, and sells licenses. Its business is centered on the Ginza Hachigo brand.
For the fiscal year ended March 2026, FOJ reported sales of ¥390 million, an operating loss of ¥85 million, and net assets of ¥20 million. The company remains in an operating loss position. 日本製麻 plans to combine FOJ's brand strength with its own pasta and retort-food manufacturing capabilities to pursue expansion in Japan and overseas, as well as product development.
The transaction is intended to support the development of restaurant brands centered on Ginza Hachigo and collaboration on product development and overseas expansion by leveraging 日本製麻's food manufacturing capabilities. Although the acquisition price will remain undisclosed, the plan to make FOJ a wholly owned subsidiary as part of the group-wide strategy indicates an intention to integrate decision-making.
FOJ's business includes restaurant operations, restaurant operations consulting, M&A, and license sales. Its distinguishing feature is that it operates multiple Michelin-listed brands, led by Ginza Hachigo. Linking these businesses with 日本製麻's domestic pasta and retort-food manufacturing capabilities under the Volcano brand is expected to create opportunities for product commercialization and overseas expansion.