Matsuya Foods Holdings is acquiring Matsufuji, the operator of the ramen chain Rokurinsha, for approximately 9.16 billion JPY to strengthen its portfolio in the ramen industry and support long-term growth.

Target Information

Matsuya Foods Holdings Co., Ltd. (Ticker: 9887) has announced its plan to acquire Matsufuji, the operator of the ramen chain "Rokurinsha." This strategic move aims to formally enter the ramen business and enhance the company's operational portfolio. Matsufuji, based in Chiyoda Ward, Tokyo, operates nine ramen brands with a total of 111 locations as of March 2025, primarily in the Kanto region. Its flagship brand, Rokurinsha, specializes in dipping noodles and has established a solid reputation within the industry. As of the fiscal year ending June 2025, Matsufuji is anticipated to generate revenues of 10 billion JPY, an operating profit of 430 million JPY, and boasts net assets of 1.51 billion JPY.

The acquisition is set to cost approximately 9.16 billion JPY, with completion expected by January 5, 2026. Matsuya plans to acquire 100% ownership of Matsufuji's shares, thereby fully integrating it into their operations.

Industry Overview

The ramen industry in Japan has experienced substantial growth, particularly in urban areas where consumer demand for both traditional and innovative noodle dishes remains high. The overall market for ramen is characterized by a diverse range