Synchro Food acquires Horizon 14 to expand food business platform

Synchro Food Co., Ltd. announced on September 10, 2025, its decision to acquire Horizon 14 Corporation, making it a subsidiary. This acquisition will also result in Ideal Co., Ltd., a wholly-owned subsidiary of Horizon 14, becoming a sub-subsidiary of Synchro Food. The transaction involves the acquisition of 81,500 shares of common stock and 8,991 share options in Horizon 14, totaling 4,800 million yen. Including advisory fees, the approximate total acquisition cost is 4,815 million yen. The share transfer is scheduled for September 30, 2025.

The acquisition aims to generate synergy between Synchro Food's existing subsidiary, Wit Co., Ltd., and Ideal Co., Ltd., which specializes in commercial real estate property management. Synchro Food anticipates this will expand and evolve its Restaurant.com platform, enhance customer base utilization, increase property handling and M&A deals, improve efficiency through AI/DX, and promote the adoption of its management support services.

Horizon 14 reported revenues of 60 million yen and net income of 10 million yen for the fiscal year ended June 2024. Ideal's revenues were 3,060 million yen and net income 240 million yen for June 2024. The acquisition is not factored into Synchro Food's consolidated earnings forecast for the fiscal year ending March 2026, with further details to be disclosed with the second-quarter results.