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Cypress Holdings shares extend gains on Ginza Sozaiten franchise launch
Cypress Holdings <428A>, which operates the Tsukiji Shokudo Genchan restaurant chain, extended gains. The company announced after the close on the 15th that it will launch franchise operations for the Ginza Sozaiten brand, a move welcomed by investors.
Ginza Sozaiten is a specialty store offering charcoal-grilled yakitori and bento boxes, originally operated by KS Frontier. Cypress opened its first outlet as a franchisee in July 2022 to diversify into ready-to-eat meals and has since expanded to 20 directly operated stores. To further scale the business, the company acquired exclusive brand rights from KS Frontier to develop the network as a franchisor. Cypress noted the impact on earnings for the fiscal year ending August 2026 will be minimal.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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