Kibun Foods <2933> announced on the 14th that it will merge with its wholly owned subsidiaries, Kibun West Japan and Hokushoku, for the reorganization of its domestic group companies.

The purpose of the merger is to reorganize the BtoC business centered around Kibun Foods in the company's domestic food business segment, aiming for proper allocation and efficient utilization of management resources by consolidating and strengthening functions, thus realizing the "comprehensive food group" outlined in the medium-to-long-term vision.

The method of merger is an absorption-type merger with Kibun Foods as the surviving company, and Kibun West Japan and Hokushoku will be dissolved. There will be no changes in the company's name, head office location, representatives, business activities, capital, or fiscal year as a result of this merger. The effective date is scheduled for April 1, 2025, for Kibun West Japan and January 1, 2025, for Hokushoku.