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An update from Kobe Bussan Co., Ltd. ( (JP:3038) ) is now available.
Kobe Bussan will establish a new joint venture, MEAL HUB Co., Ltd., with restaurant operator Gourmet Kineya to enter the airline catering business and expand its integrated food operations. MEAL HUB will initially be wholly owned by Kobe Bussan, then recapitalized so Kobe Bussan holds about 82% and Gourmet Kineya 18%, positioning the venture as a specific subsidiary with a stated capital exceeding 10% of Kobe Bussan’s own.
Through MEAL HUB, the company plans to acquire 15 target firms, including LSG Sky Chefs New Zealand, as sub-subsidiaries to leverage their existing regional footprints for “Gyomu Super” overseas expansion. Kobe Bussan expects to enhance the value of these catering assets by combining its procurement and factory expertise with Gourmet Kineya’s restaurant and in-flight catering know-how, marking a strategic move into a new business domain and reinforcing its global supply chain.
The most recent analyst rating on (JP:3038) stock is a Buy with a Yen3810.00 price target. To see the full list of analyst forecasts on Kobe Bussan Co., Ltd. stock, see the JP:3038 Stock Forecast page.
More about Kobe Bussan Co., Ltd.
Kobe Bussan Co., Ltd. is a Japan-based food company focused on its “Gyomu Super” brand, integrating food production, procurement, and distribution. The group has been expanding through mergers and acquisitions, aiming to strengthen its management base and drive both domestic and overseas growth in food retail and related services.
Average Trading Volume: 2,004,367
Technical Sentiment Signal: Hold
Current Market Cap: Yen763.1B
Find detailed analytics on 3038 stock on TipRanks’ Stock Analysis page.