West Japan Railway Food Service Net Company signed an contract to acquire Karafuneya Coffee Co., Ltd. from TETSUJIN Inc. (TSE:2404) on July 31, 2015. Under the terms of the transaction, TETSUJIN Inc. is selling 2000 shares of Karafuneya Coffee Co., Ltd. For the period ending August 2014, Karafuneya Coffee Co., Ltd. reported total assets of ¥514 million, net assets of ¥365 million, revenue of CNY 701 million, operating profit of CNY 71 million and net profit of CNY 41 million. The transaction is expected to be completed by August 25, 2015.
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- West Japan Railway Food Service Net Company signed an contract to acquire Karafuneya Coffee Co., Ltd. from TETSUJIN Inc..