Skylark Holdings said its board resolved on 12 November to buy every share of Shin-Shin, a privately held restaurant operator in Fukuoka, and that it signed a share transfer agreement the same day. The ordinary shares are priced at ¥12bn. Advisory and related costs add an estimated ¥44mn, for an approximate total of ¥12.044bn.
Skylark will take 60 shares carrying 60 votes, moving from no holding to 100%. The seller is Shin-Shin's founder, who is its sole shareholder. The transfer is scheduled for 30 November 2026. Skylark says the effect on consolidated results for the year ending December 2026 is minor.
What Skylark is buying
Shin-Shin was set up in April 2004, runs restaurants and has ¥3mn of capital. Skylark describes a ramen business with street-stall roots, a broad menu, a loyal customer base and a central-kitchen system that keeps quality steady. The two companies have no capital, personnel or trading ties.
The two disclosures give different profit and balance-sheet figures for the year to March 2026. The press release labels its figures consolidated and its operating profit as an adjusted reference figure that strips out items unrelated to the core business and one-off costs. That adjustment is not applied to ordinary profit or net profit. The EDINET extraordinary report shows lower figures and does not explain the gap. Sales match in both.
| Item | EDINET report | TDnet release |
|---|---|---|
| Net assets | 291 | 304 |
| Total assets | 715 | 766 |
| Sales | 1,794 | 1,794 |
| Operating profit (TDnet: adjusted) | 90 | 188 |
| Ordinary profit | 104 | 120 |
| Net profit | 70 | 82 |
The release also gives Shin-Shin's own outlook for the year to March 2027: sales of ¥2.055bn and adjusted operating profit of ¥248mn. It leaves out other forecast lines, saying only these two can be reasonably calculated now. Sales were ¥1.427bn and ¥1.684bn in the two preceding years.
The plan: overseas stores and shared supply
Skylark says it intends to use its overseas network and business base to speed up store openings outside Japan, keeping the original recipes and service standards. It also plans to combine its manufacturing and logistics infrastructure with Shin-Shin's central-kitchen function so that taste holds up across many stores and wider areas. A third aim is new store formats built around the broader menu, which includes fried ramen, stir-fried dishes and skewers.
These are statements of intent. Neither the press release nor the EDINET extraordinary report sets a store-opening target, a country list or a timetable. The 30 November transfer date is also a plan, not a completed closing.