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Horiifoodservice Shares Jump on Acquisition of Takeout Sushi Chain Sushi Masu
Shares of Horiifoodservice Co., Ltd. <3077> surged following the announcement that it will turn Sushi Masu Shokuhin into a wholly-owned subsidiary. By acquiring the "Sushi Masu" brand?prominent in the Kinki region?the company aims to diversify its business formats and expand its geographical reach beyond eastern Japan. While the acquisition price is set at \380 million, Horii noted that the impact on its earnings for the fiscal year ending November 2026 is expected to be minimal.
Source: MINKABU PRESS
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