Ichimasa Kamaboko Co., Ltd. cancelled the acquisition of remaining 57.04% stake in Orient Plan Co., Ltd. from Sato Foods Co., Ltd. and Kameda Seika CO., Ltd..
February 06, 2015 at 11:00 pm EST
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Ichimasa Kamaboko Co., Ltd. (JASDAQ:2904) agreed to acquire remaining 57.04% stake in Orient Plan Co., Ltd. from Sato Foods Co., Ltd. (TSE:2923) and Kameda Seika CO., Ltd. (TSE:2220) on February 7, 2014. As part of the transaction, loan claims will also be transferred to Ichimasa Kamaboko. Orient Plan Co., Ltd. reported net liabilities of ¥221.85 million, total assets of ¥31.2 million, sales of ¥224.51 million, operating loss of ¥9.26 million, ordinary loss of ¥8.87 million and net loss of ¥9.16 million for the year ended March 31, 2013. The Board of Directors of Ichimasa Kamaboko approved the transaction. The transaction is expected to be implemented by February 14, 2014.
Ichimasa Kamaboko Co., Ltd. (JASDAQ:2904) cancelled the acquisition of remaining 57.04% stake in Orient Plan Co., Ltd. from Sato Foods Co., Ltd. (TSE:2923) and Kameda Seika CO., Ltd. (TSE:2220) on February 7, 2015.
ICHIMASA KAMABOKO CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of marine products and maitake. The Company operates through two business segments. Seafood Paste, Prepared Food segment and Mushroom segment are engaged in the manufacture and sale of seafood paste products, prepared food and mushroom products. The Company is also involved in the warehousing and cargo transportation businesses, such as the storage and transportation of the Companyâs products and materials.
Ichimasa Kamaboko Co., Ltd. cancelled the acquisition of remaining 57.04% stake in Orient Plan Co., Ltd. from Sato Foods Co., Ltd. and Kameda Seika CO., Ltd..
ICHIMASA KAMABOKO CO., LTD. 
