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    9919   JP3227900002

KANSAI SUPER MARKET LTD.

(9919)
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Japan court overturns suspension of Kansai Super, H2O merger

12/07/2021 | 01:26am EST

TOKYO, Dec 7 (Reuters) - A high court in Japan overturned a lower court's suspension of a merger planned by retailers Kansai Super Market Ltd and H2O Retailing Corp., Kansai Super Market said in a statement released on Tuesday.

Given the ruling, Kansai Super Market and H2O Retailing plan to proceed with their merger, the statement said. An injunction had been granted last month in a case brought by OK Corp, which is also interested in buying Kansai Super Market.

"We believe the decision by the Osaka High Court ... is one that shows that they have reached a legitimate conclusion on the matter," Kansai Super Market said in its statement.

OK Corp plans to request permission from the Osaka High Court to take their case to the Supreme Court, Kyodo reported on Tuesday. (Reporting by Rocky Swift; Editing by Clarence Fernandez and Richard Pullin)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
H2O RETAILING CORPORATION -1.01% 788 Delayed Quote.-0.74%
KANSAI SUPER MARKET LTD. -1.26% 1020 Delayed Quote.-3.75%
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Financials
Sales 2021 131 B 1 149 M 1 149 M
Net income 2021 2 005 M 17,6 M 17,6 M
Net cash 2021 3 313 M 29,1 M 29,1 M
P/E ratio 2021 17,0x
Yield 2021 1,42%
Capitalization 30 979 M 272 M 272 M
EV / Sales 2020 0,22x
EV / Sales 2021 0,23x
Nbr of Employees 1 157
Free-Float 24,4%
Chart KANSAI SUPER MARKET LTD.
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Kansai Super Market Ltd. Technical Analysis Chart | 9919 | JP3227900002 | MarketScreener
Technical analysis trends KANSAI SUPER MARKET LTD.
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Income Statement Evolution
Managers and Directors
Koji Fukutani President & Representative Director
Yasuo Takihara Executive Officer & Manager-Finance Group
Takashi Tamamura Director & GM-General Affairs
Toshiki In Manager-Information Systems Group
Misao Osaki Group Manager-Finance
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