Gakken Holdings and Pokémon Distribute ‘Pokémon GO Route Guide’ Leaflets at Pokémon Centers Nationwide Until October 31
Skylark HD Acquires Shi-san, for 24 Billion Yen
Skylark Holdings announces the acquisition of Shi-san.
Established in 1976 in Fukuoka’s Kitakyushu, Shi-san has been devoted to flavor and quality ingredients, becoming known as the soul food of Kitakyushu. By December 2023, it expanded throughout all prefectures in Kyushu and also into the Chugoku and Shikoku regions. More than 90% of its shares were owned by three investment companies, including Unison Capital.
For the fiscal year ending August 2023, its sales were 12.379 billion yen, with a net loss of 198 million yen. A return to profitability is expected for the fiscal year ending August 2024. The acquisition price is 24 billion yen, with the transfer of shares planned for early October.
Skylark Holdings, in its effort to eliminate cannibalization among its own roadside stores in regional areas, is working on developing new brands for store format conversion, necessitating a brand with high customer attraction widely supported.
The translation may not be accurate.