Toho Co., Ltd. agreed to acquire Tomo-Ya Japanese Food Trading Pte.Ltd from Yap Chee Leong and Sim Nguang Keng.
January 15, 2017
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Toho Co., Ltd. (TSE:8142) agreed to acquire Tomo-Ya Japanese Food Trading Pte.Ltd from Yap Chee Leong and Sim Nguang Keng on January 16, 2017. Toho Co., Ltd. will acquire 0.1 million shares. The tentative share transfer contract conclusion date is January 17, 2017. Toho Co., Ltd will operate Tomo-Ya Japanese Food Trading Pte.Ltd as wholly owned subsidiary. During the period ended March 2016, Tomo-Ya Japanese Food Trading Pte.Ltd had net assets of ¥336 million, total assets of ¥376 million, sales of ¥581 million, and net income of ¥87 million. The scheduled share delivery date is January 18, 2017.
Toho Co Ltd is a Japan-based company mainly sells all types of food, from commercial food to household food to users. The Company operates through four segments. The Distributor segment purchases food ingredients for the food service industry and delivers and sells them to the food service industry. The Cash and Carry segment is engaged in the purchase of ingredients for the food service industry, and the cash sale of commercial food to small and medium-sized restaurant operators. The Food Supermarket segment purchases food, and operates food supermarkets. The Food Solutions segment is engaged in application service provider (ASP), quality control services, general construction contracting, manufacture and sale of commercial cooking equipment, interior design and construction of restaurants. The Company is also engaged in the production and sale of agricultural products, wholesale of fresh produce to the food service industry, and software development and maintenance.
TOHO CO., LTD. 
