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Monogatari Corporation ( (JP:3097) ) has provided an announcement.
Monogatari Corporation’s subsidiary, Shin Nihon Kousan Inc., has entered into an agreement to acquire store assets from Mikio Corporation in California. This acquisition aligns with Monogatari’s growth strategy to expand its presence in the U.S. restaurant market, leveraging synergies with the SHOGUN Group and capitalizing on the compact restaurant model of Mikio Corporation to accelerate expansion into smaller cities and suburban areas.
The most recent analyst rating on (JP:3097) stock is a Hold with a Yen4231.00 price target. To see the full list of analyst forecasts on Monogatari Corporation stock, see the JP:3097 Stock Forecast page.
More about Monogatari Corporation
Monogatari Corporation operates in the restaurant industry, focusing on expanding its business in overseas markets, particularly in the United States. The company is involved in the operation of restaurants, with a strategic emphasis on acquiring assets to facilitate growth in mature markets.
Average Trading Volume: 155,942
Technical Sentiment Signal: Buy
Current Market Cap: Yen151.1B
For an in-depth examination of 3097 stock, go to TipRanks’ Overview page.