Horii Food Service is acquiring Seiko Corporation to enhance operational efficiency and competitiveness in the dining market, particularly in the yakiniku segment.

Target Information

Horii Food Service Co., Ltd. (Ticker: 3077), a company based in Japan, is focused on the operation of izakaya and restaurant establishments primarily in the northern Kanto region. The company has made a strategic move to acquire Seiko Corporation, which runs three yakiniku (grilled meat) restaurants located in Sendai City and Koriyama City in Fukushima Prefecture. This acquisition aims to bolster Horii's operational efficiency by remodeling suburban store locations, thereby enhancing profitability and competitiveness.

Seiko Corporation reported revenue of 211 million JPY, operating income of 1.55 million JPY, and net assets of 31.3 million JPY for the fiscal year ending in July 2025. The integration of Seiko's operations into Horii's business portfolio is expected to contribute significantly to the company's overall growth strategy.

Industry Overview

The Japanese restaurant industry, particularly the izakaya and yakiniku segments, has shown steady growth, driven by increasing consumer demand for dining out and the popularity of grilled meat dishes