SRS Holdings to acquire Sushi Benkei, expanding gourmet sushi presence

SRS Holdings Co., Ltd. announced its decision to acquire all shares of Sushi Benkei Co., Ltd., making it a subsidiary. This acquisition aligns with SRS Holdings' "SRS VISION 2030" medium-term business plan, aiming to establish the company as a leading gourmet sushi chain in Japan. Sushi Benkei operates six restaurants in Tottori and Shimane Prefectures, known for fresh, large-topping sushi.

The acquisition is expected to expand SRS Holdings’ restaurant network and create synergies with existing brands like "Nigiri Chojiro" and "Umai Sushikan." The estimated acquisition cost is 1,176 million yen, comprising 1,088 million yen for common stock and an estimated 88 million yen for advisory fees. The share transfer is planned for September 29, 2025.

Sushi Benkei, established in October 1979, had net sales of 1,873,718 thousand yen and net income of 62,450 thousand yen for the fiscal year ending October 2024. The impact of this acquisition on SRS Holdings' consolidated financial results for the fiscal year ending March 31, 2026, is currently under review and will be disclosed promptly.