This document has been prepared in accordance with accounting principles and practices generally accepted in Japan, and translated for reference only from the original Japanese version. The Company gives no warranty with respect to its correctness.


The original disclosure in Japanese was released on May 9, 2023 at 15:00 (GMT+9)

Takara Holdings Inc.


Notice Regarding Consolidated Subsidiary (Takara Shuzo International Co., Ltd.) 
Acquiring Shares in 2241559 Ontario Limited, 
a Canadian Producer and Distributer of Sake and Other Alcoholic Beverages

Takara Holdings Inc. (the “Company”) hereby announced today that on May 8, 2023, that Takara Shuzo International Co., Ltd. (“Takara Shuzo International”), a subsidiary of the Company, acquired 80.0% of the shares issued and outstanding of 2241559 Ontario Limited (Ontario Spring Water Sake Company, hereinafter “Ontario Limited”), a producer and distributer of sake and other alcoholic beverages in Canada, and made it a consolidated subsidiary of Takara Holdings.


1. Reason for Acquiring Stock

In TaKaRa Group Challenge for the 100th (TGC 100), its long-term management vision toward 2026, the Takara Group adopts the management policy of further improving technological capabilities, product attraction, and brand appeal and 2 offering diverse values in the washu (Japanese traditional alcoholic beverages) and Japanese food market and life science industry, thereby increasing its presence in Japan and overseas and achieving sustainable growth and major advances. Under this policy, the Group operates its business.
The Takara Shuzo International Group, which is responsible for overseas business, is working to strengthen its business foundation in coordination with its Group companies in Japan and overseas with the aim of becoming the No. 1 global washu and Japanese food company.
Based on this policy, Takara Shuzo International acquired 80% of the shares issued and outstanding of Ontario Limited, which produces and sells sake and other alcoholic beverages in Canada. Ontario Limited, established in 2010, is the only sake brewery in the eastern provinces of Canada and is engaged in the business of producing and selling sake (“IZUMI” brand), primarily for the Japanese food market, as well as sake-based cocktails (“sake cocktails”) that are outside the realm of traditional Japanese sake. 
Toronto, Ontario, where Ontario Limited operates, is Canada’s largest city and at the heart of the country’s economy, and is expected to continue to develop economically in the future.
By making Ontario Limited a consolidated subsidiary and establishing the Group’s first production and sales base for Japanese sake and other products in the Canadian market, where future growth is anticipated, we will continue to expand our global network, including our overseas Japanese food wholesale business.


Japanese cuisine is garnering attention from around the world against the backdrop of an expanding global market for Japanese foods as awareness of health-related issues has risen in recent years. Along with this, sake and other Japanese alcoholic beverages are also seen to be gaining in popularity. Now, together with traditional sake, producers are brewing “innovative SAKE*” that is not bound by the conventional concept of sake, but rather is tailored to the local region and food culture. In addition to its traditional sake production, the Group also intends to further strengthen “innovative SAKE” development to expand the boundaries of Japanese sake to meet local needs.


The Takara Group will promote Japanese food culture to the world and aim to be a global market leader in washu and Japanese food.

*1 Innovative sake: Innovative Japanese alcoholic beverage that expands the sphere of conventional washu

2. Overview of Ontario Limited


(1) Name 2241559 Ontario Limited
(Also known as Ontario Spring Water Sake Company
(2) Location Toronto, Ontario, Canada
(3) Representative Kenneth Valvur President
(4) Business Production and sale of sake and sake cocktails
(5) Capital 100 Canada dollars
(6) Established April 23, 2010
(7) Shareholders and
percentage of sharesheld
The 2016 Valvur Family Trust 100%
(8) Relationships between the
listed company and the said

(Capital relationship)

There is no relevant capital relationship.

(Personnel relationship)

There is no relevant personnel relationship.

(Transaction relationship)

There is no relevant transaction relationship.

(9) Number of officers and
12 employees as of March 2023
(10) Fiscal year-end April 30
(11) Operating
performance and financial
position over the past three


Units: Thousand
Canada dollars

Fiscal year

Fiscal year


April 30, 2020

Fiscal year


April 30, 2021

Fiscal year


April 30, 2022

Net assets △486


Total assets 278


Net sales 885 918 2,046
Operating income 39


Net income 37




3. Overview of Takara Shuzo International



Takara Shuzo International Co., Ltd.



20 Naginataboko-cho, Shijo-dori Karasuma Higashi-iru, Shimogyo-ku, Kyoto Japan



Minori Mori, Representative Director and President



Management of group companies, and export and sale of alcoholic beverages, seasonings, etc.



10 million yen



July 3, 2017


Principal shareholders and percentage of shares held

Takara Holdings Inc.  100%

4. Number of shares to be acquired, and percentage of ownership before and after acquisition of shares


Number of shares owned before transfer

0 shares (ownership ratio of voting rights: 0.0%)


Number of shares to be acquired

80 shares (ownership ratio of voting rights: 80%)


Acquisition price Not disclosed based on a duty of confidentiality with the counterparty to the share acquisition


Number of shares owned after transfer

80 shares (ownership ratio of voting rights: 80%)

5. Impact on Earnings

The impact on the consolidated business results for the fiscal year ending March 31, 2024 is expected to be immaterial.