Amiyaki Tei to acquire Cu:DeTION, expands Kyoto presence

Amiyaki Tei has resolved to acquire shares of Cu:DeTION Company Co., Ltd., a Kyoto-based restaurant operator, to make it a subsidiary. Cu:DeTION operates 21 directly managed stores, 2 franchise stores, and 1 direct sales store, featuring brands like "CHIFAJA" yakiniku and "Kyoto Ramen Takabashi." This acquisition will allow Amiyaki Tei to establish a foothold in the Kyoto area, where it previously had no presence, facilitating expansion in the Kansai region. Amiyaki Tei anticipates synergies through shared resources, food materials, and operations. Cu:DeTION's share capital is JPY 9 million. The major shareholder is not disclosed due to confidentiality. Amiyaki Tei is currently assessing the impact of the acquisition on its consolidated performance and earnings forecast and will announce any necessary changes in due course. The company is expected to become a consolidated subsidiary of Amiyaki Tei.