Srs Holdings Co.,ltd. · TSE:8163
Srs Holdings Co.,ltd — Merger or Acquisition (August 2026)
23 slides from Srs Holdings Co.,ltd's merger presentation, Aug 7, 2026
Slide 1: Explanatory Materials Regarding the M&A
Explanatory Materials Regarding the M&A August 7, 2026 SRS HOLDINGS CO., LTD. (Securities Code: 8163) 1 © SRS HOLDINGS CO., LTD. All rights reserved.
Slide 2: Agenda
01 Executive Summary 3 02 Overview of the Target Company 5 03 Structure and Impact of the M&A 12 04 Strategic Rationale for the Transaction and Expected Synergies 14 2 © SRS HOLDINGS CO., LTD. All rights reserved.
Slide 3: Executive Summary
01 Executive Summary 3 02 Overview of the Target Company 5 03 Structure and Impact of the M&A 12 04 Strategic Rationale for the Transaction and Expected Synergies 14 3 © SRS HOLDINGS CO., LTD. All rights reserved.
Slide 4: Executive Summary
Executive Summary • KYOTARU CO., Ltd., which is the target company, recorded 23,532 million yen in revenue (IFRS basis, for FY9/25), and has 181 restaurants (as of June30, 2026). Overview of the • The gourmet sushi business (Kaiten Sushi Misaki) is the largest, and together with the takeout business
Slide 5: Overview of the Target Company
01 Executive Summary 3 02 Overview of the Target Company 5 03 Structure and Impact of the M&A 12 04 Strategic Rationale for the Transaction and Expected Synergies 14 5 © SRS HOLDINGS CO., LTD. All rights reserved.
Slide 6: Overview of the Target Company (1)
Overview of the Target Company (1) Company Name *2 Establishment Number of restaurants KYOTARU CO., LTD. Location of head office 1932 181 2-7-5 Nihonbashi Ningyocho, Chuo-ku, Tokyo Revenue Number of employees Representative Takanori Takegawa, Representative President 23,532 million yen 447 Main busi
Slide 7: Overview of the Target Company (2) Sales Composition and History
Overview of the Target Company (2) Sales Composition and History Sales composition Main history The gourmet sushi business (Kaiten Sushi Misaki) is the largest, Month, Year Event and together with the takeout business (Kyotaru), accounts for March 1932 Established as a traditional Japanese cuisine t
Slide 8: Overview of the Target Company (3) Financial Information
Overview of the Target Company (3) Financial Information Consolidated operating results and consolidated financial position in the past three years (IFRS basis) (Millions of yen) Accounting period FY9/26 FY9/23 FY9/24 FY9/25 9 months Total equity (2,789) (3,075) (3,004) (2,650) Total assets 12,252 1
Slide 9: Main Businesses: Gourmet Sushi Business
Overview of the Target Company (4) Main Businesses: Gourmet Sushi Business Overview of Kaiten Sushi Misaki Operating areas *4 Sales: 13,725 million yen • The stores are primarily located in the Tokyo metropolitan area; specifically, 85 stores (96%) are concentrated in Tokyo, Number of restaurants: 8
Slide 10: Main Businesses: Takeout Sushi Business
Overview of the Target Company (5) Main Businesses: Takeout Sushi Business Overview of Kyotaru Operating areas *5 Sales: 8,556 million yen • The stores are primarily located in the Tokyo metropolitan area; specifically, 79 stores (86%) are concentrated in Tokyo, Kanagawa, Number of restaurants: 92 S
Slide 11: Main Businesses: Out-of-Store Sales Business and Manufacturing Plant
Overview of the Target Company (6) Main Businesses: Out-of-Store Sales Business and Manufacturing Plant Overview of out-of-store sales business *6 Manufacturing plant (central kitchen) Sales: 778 million yen Completed: March 1987 Features: Address: 24-10 Takasecho, Funabashi-shi, Chiba • Utilize a m
Slide 12: Structure and Impact of the M&A
01 Executive Summary 3 02 Overview of the Target Company 5 03 Structure and Impact of the M&A 12 04 Strategic Rationale for the Transaction and Expected Synergies 14 12 © SRS HOLDINGS CO., LTD. All rights reserved.
Slide 13: Structure and Impact of the M&A
Structure and Impact of the M&A Overview of the structure of the M&A Impact of the Acquisition (simple total) *7 <Execution before the share transfer> Sales (Millions of yen) • By the date of share transfer, F&LC plans to subscribe to the third party allotment of shares (6,480 million yen) of the ta
Slide 14: Strategic Rationale for the Transaction and Expected Synergies
01 Executive Summary 3 02 Overview of the Target Company 5 03 Structure and Impact of the M&A 12 04 Strategic Rationale for the Transaction and Expected Synergies 14 14 © SRS HOLDINGS CO., LTD. All rights reserved.
Slide 15: Strategic Rationale of the M&A
Strategic Rationale of the M&A The M&A is consistent with our key strategies and will accelerate our business growth and achievement of the Medium-term Business Plan. (1) Achieve our key strategy of "the overwhelming No. 1 position in the gourmet sushi chain segment” The Group has positioned the "go
Slide 16: Strategic Rationale of the M&A
Strategic Rationale of the M&A ■ Through this M&A, create synergies with the Medium-term Business Plan Key Strategies II - IV and accelerate the achievement of Medium-term Business Plan targets. Please refer to our website for the Medium-term Business Plan. https://srsholdings.com/en/pages/ir-vision
Slide 17: Strategic Rationale (1) Achieving the Overwhelming No. 1 Position in Gourmet Sushi
Strategic Rationale (1) Achieving the Overwhelming No. 1 Position in Gourmet Sushi 19 stores Expanding operating areas of gourmet sushi restaurants and Tohoku region strengthening the Tokyo metropolitan area ⇒ 20 stores Brand No. of •With the addition of Kaiten Sushi Misaki, which operates 87 restau
Slide 18: Strategic Rationale (1) Achieving the Overwhelming No. 1 Position in Gourmet Sushi
Strategic Rationale (1) Achieving the Overwhelming No. 1 Position in Gourmet Sushi Expansion of restaurant opening opportunities and Solidifying the top share of our gourmet sushi acquisition of human resources • The estimated market size of gourmet sushi is approximately 150 billion yen*10 (1) Expa
Slide 19: Strategic Rationale (2) Strengthening Home-meal Replacement as the Third and Fourth Pillars of Earnings
Strategic Rationale (2) Strengthening Home-meal Replacement as the Third and Fourth Pillars of Earnings Further enhancement of the home-meal replacement Brand Portfolio (SRS Pyramid) *11 • Strengthen the home-meal replacement brand with the addition of Kyotaru — a brand with high recognition and Pri
Slide 20: Strategic Rationale (3) Strengthening SRS Group's Headquarters Functions
Strategic Rationale (3) Strengthening SRS Group’s Headquarters Functions Utilization and reinforcement of manufacturing and central kitchen functions Strengthening headquarters functions • The manufacturing plant of the target company (central kitchen) • Strengthen the Group’s headquarters functions
Slide 21: Expected Synergies Through the M&A
Expected Synergies Through the M&A ■ The SRS Group has a wealth of experience with more than 10 years of M&As focusing on Japanese cuisine. ■ We will leverage and further develop our strengths and individuality of each brand, and improve post-merger business performance by improving efficiency and s
Slide 22: To Investors in the Tokyo Metropolitan Area
To Investors in the Tokyo Metropolitan Area Significant increase in the No. of restaurants in the Tokyo *2 Changes in the number of Group's restaurants (simple total) metropolitan area • The number of restaurants in the Tokyo metropolitan area increased significantly by about 2.6 times. *12 • The "K
Slide 23: Forward-looking information disclaimer
The future information on the Group's plans, estimates, projections, forecasts, strategies, policies, targets and such disclosed by the Company is based on the Company's judgments and assumptions at the time of disclosure. There is no guarantee or assurance that the future plan figures and initiativ