Monogatari Corporation ( (JP:3097) ) just unveiled an announcement.
Monogatari Corporation’s U.S. subsidiary, Storytellers USA, Inc., is acquiring the Shogun Group, a restaurant business in the U.S., to enhance its growth strategy and corporate value. This acquisition allows Monogatari to enter the mature U.S. restaurant market through M&A, leveraging the Shogun Group’s established presence and expertise in large-scale suburban roadside locations. The acquisition is expected to create synergies with Monogatari’s existing operations and capitalize on the high growth potential of the teppanyaki market, supported by a diverse customer base.
More about Monogatari Corporation
Monogatari Corporation operates in the restaurant industry, focusing on Japanese cuisine. It is expanding its market presence by acquiring businesses in the U.S., particularly in the teppanyaki market, which is a growing sub-sector of Japanese cuisine.
YTD Price Performance: -0.43%
Average Trading Volume: 302,617
Technical Sentiment Consensus Rating: Hold
Current Market Cap: Yen135.2B
See more insights into 3097 stock on TipRanks’ Stock Analysis page.