Gourmet Kineya Forms Airline Catering JV With Kobe Bussan to Drive Overseas Growth

GOURMET KINEYA CO., LTD. ( (JP:9850) ) has issued an update.

Gourmet Kineya Co., Ltd. will establish MEAL HUB Co., Ltd. as a joint venture with Kobe Bussan Co., Ltd., initially wholly owned by Kobe Bussan and later capitalized so that Kobe Bussan holds about 82% and Gourmet Kineya about 18%. The JV will engage in airline catering and related businesses and will become an equity-method affiliate of Gourmet Kineya, which plans to dispatch directors and officers.

Through this JV, Gourmet Kineya and Kobe Bussan will jointly acquire shares in 15 target companies to make them affiliates and drive growth in existing ODM/OEM operations, especially in-flight catering and commercial frozen food. Management expects to leverage Gourmet Kineya’s in-flight catering know-how from Kansai International Airport and Kobe Bussan’s procurement and supply chain strengths to expand into new overseas markets and generate group synergies across the airline catering value chain.

The most recent analyst rating on (JP:9850) stock is a Hold with a Yen977.00 price target. To see the full list of analyst forecasts on GOURMET KINEYA CO., LTD. stock, see the JP:9850 Stock Forecast page.

More about GOURMET KINEYA CO., LTD.

Gourmet Kineya Co., Ltd. is a Japan-based food service group rooted in the restaurant and broader “food” industry, with a core focus on Japanese cuisine offered at reasonable prices in domestic and overseas markets. Beyond restaurants, it has expanded via M&A into ODM/OEM operations such as in-flight catering and commercial frozen food manufacturing, targeting everyday, community-focused businesses and segments with high barriers to entry.

Average Trading Volume: 46,412

Technical Sentiment Signal: Hold

Current Market Cap: Yen22.71B

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