
Yoshinoya Holdings snaps up 66.5% stake in Setagaya
It nabbed a total of 133 shares.
Yoshinoya Holdings, operator of fast-food chain Yoshinoya, revealed that it has snapped up a 66.5% slice of Setagaya (stylised as SETAGAYA), a restaurant operation firm based in Tokyo.
According to Yoshinoya Holdings’ news release, the stake is selling for an undisclosed price. The purchased stake comprised 133 shares in total.
The sale was completed on 27 June 2016.
Yoshinoya Holdings asserts that the sale will not impact the company’s financial results for the year.