Matsuya Foods acquires ramen chain Matsufuji for ¥9.16bn

Matsuya Foods Holdings Co., Ltd. announced its decision to acquire all shares of Matsufuji Corporation, making it a wholly-owned subsidiary. This move is part of Matsuya's medium-to long-term strategy to expand its business into the ramen sector, enhance its earnings structure, and promote multiple brands. The acquisition aims to leverage Matsufuji's established ramen chain, which operates 111 stores under nine brands primarily in the Kanto region, including ROKURINSHA.

The share transfer agreement was executed on December 15, 2025, with the share transfer scheduled for January 5, 2026. The total acquisition cost is estimated at JPY 9,160 million, comprising JPY 9,100 million for common shares and an estimated JPY 60 million for advisory fees. Following the acquisition, Matsuya Foods Holdings will own 10,000 shares of Matsufuji Corporation, representing 100% of its voting rights.

This strategic acquisition is expected to generate comprehensive synergies by combining Matsuya's new store opening expertise, logistics networks, and human resource development with Matsufuji's product and brand management capabilities. Matsuya Foods Holdings plans to expand customer contacts, achieve sustainable business growth, and improve profitability through this full-scale entry into the ramen business. The company is currently reviewing the earnings forecast, with details to be disclosed upon completion.