Saint Marc Holdings announced it will acquire the udon specialty business Tsurutontan, operated by K Express, for 12.8 billion yen. The company, which runs bakery restaurants and cafes, will take over the udon specialty restaurant business, including brands such as Mensho no Kokorotsukushi Tsurutontan, through an absorption-type company split, covering 14 directly operated domestic stores, 2 overseas franchise stores, and noodle manufacturing and gift product sales. The inherited division posted sales of 6.135 billion yen for the fiscal year ending March 2026. The announcement came after the market close on the 17th, and Saint Marc Holdings, seen as a buy candidate, rebounded for the first time in three days, rising 117 yen from the previous day to 2,593 yen. Its closing price on the 18th was 2,535 yen, up 59 yen from the previous day.
Saint Marc Holdings Co., Ltd.Saint Marc Holdings will acquire the Tsurutontan udon business for 12.8 billion yen via an absorption-type company split, an M&A event.
K Express is the seller of the Tsurutontan business being acquired by Saint Marc Holdings; the article does not state the impact on K Express.
