Monogatari to acquire US restaurant group Shogun

The Monogatari Corporation (TSE: 3097) announced today that its US subsidiary, Storytellers USA, Inc., will acquire all shares of Shin Nihon Kousan Inc. and related entities (SHOGUN Group) for approximately $28.6 million. This acquisition will make SHOGUN Group a sub-subsidiary of Monogatari. SHOGUN Group operates Japanese-themed restaurants in California, generating revenues of approximately $36.3 million in the fiscal year 2024. Monogatari aims to leverage SHOGUN Group's established presence and its own expertise in restaurant management to enhance growth in the US market. The acquisition is expected to close on April 1, 2025, and the impact on Monogatari's consolidated earnings for the fiscal year ending June 2025 is still under evaluation.