Ishigaki Foods to acquire IMG Holdings, boosting healthcare consulting

Ishigaki Foods, operating as Welldish, has entered a basic agreement to acquire all shares of IMG Holdings Inc., making it a wholly-owned subsidiary. The acquisition, approved by Ishigaki Foods' board, is expected to be finalized with a share transfer contract signing in late November 2025. This strategic move aims to integrate IMG Holdings' expertise in healthcare and welfare facility consulting into Ishigaki Foods' wellness and medical cosmetics businesses.

IMG Holdings, established in August 2020, specializes in medical and welfare consulting, with its primary shareholder being Medical Management Consulting (91.00%). For the fiscal year ended July 2024, IMG Holdings reported net assets of 116 million yen and net sales of 1,764 million yen. The company's net assets are projected to reach 427 million yen and net sales 2,248 million yen by July 2025.

This acquisition is set to strengthen Ishigaki Foods' presence in the rapidly growing healthcare and nursing care sectors. The global health and wellness food market is projected to grow from 96,790 billion yen in 2023 to 148,870.9 billion yen by 2030, with Japan’s healthcare food market estimated at 8,594 million yen by 2030.