Tenpos Holdings to become top shareholder in Marche Co.

Tenpos Holdings (TSE:2751) announced today that its board of directors has resolved to underwrite a third-party allocation of new shares issued by Marche Co., Ltd., a restaurant chain operator, with the aim of strengthening their business alliance and expanding Marche's brand presence. Tenpos will acquire 2,000,000 common shares at a price of JPY 177 per share, totaling JPY 354,000,000. In addition, Tenpos acquired 290 Class A shares on April 18, 2025. After the transaction, Tenpos Holdings is expected to become the largest shareholder of Marche, holding 2,106,300 shares (21.02% of voting rights). Tenpos plans to dispatch two directors to Marche to enhance management cooperation. The company expects the financial impact on its performance to be minor, with Marche becoming an equity method affiliate.