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An update from create restaurants holdings inc. ( (JP:3387) ) is now available.
Create Restaurants Holdings Inc. has agreed to acquire all shares of Osaka-based RON Corporation, operator of 10 Yoshoku and pork steak restaurants including long-established “Grill RON” and “Osaka Tonteki,” for a total consideration of 963 million yen, making RON a wholly owned consolidated subsidiary. By leveraging its own property development know-how and management systems, the group aims to boost RON’s established brand value in the Osaka/Umeda area, deepen its Western cuisine offerings for everyday dining, strengthen its brand portfolio by cultivating RON as a “Next Core Brand,” and explore in-group franchise development, with management indicating that the impact on earnings for the current fiscal year will be negligible but that the transaction is expected to enhance long-term corporate value and regional market presence.
The most recent analyst rating on (JP:3387) stock is a Buy with a Yen854.00 price target. To see the full list of analyst forecasts on create restaurants holdings inc. stock, see the JP:3387 Stock Forecast page.
More about create restaurants holdings inc.
Create Restaurants Holdings Inc., listed on the TSE Prime, operates a portfolio of restaurant brands and food-service formats, focusing on high-traffic commercial facilities and everyday dining concepts. The group emphasizes efficient operations, menu appeal, and scalability across categories to attract businesspeople, shoppers, and local residents in major urban markets across Japan.
Average Trading Volume: 708,774
Technical Sentiment Signal: Buy
Current Market Cap: Yen334.6B
See more data about 3387 stock on TipRanks’ Stock Analysis page.