Iida Group Holdings Co., Ltd.
Notice Regarding Acquisition of Equity Interest in U.S. Wright Homes Group (Subsidiarization) and Change in Subsidiaries
Iida Group Holdings resolved to acquire a 51% equity interest in the U.S. Wright Homes Group for approximately 56.4 million USD (approximately 5.64 billion JPY) and make it a subsidiary (March 10, 2026).
Key Figures
- Acquired Equity Ratio: 51.0%
- Acquisition Price of Equity Interest: 36.44 million USD (approx. 5.64 billion JPY)
- Advisory Fees, etc. (Estimated Amount): 1.76 million USD (approx. 270 million JPY)
AI要約
Overview of M&A
Iida Group Holdings Co., Ltd. resolved to acquire equity interests in three operating companies of the U.S.-based homebuilder Wright Homes Group in Utah through its consolidated subsidiary Hajime AMERICA Inc., established by Ikken Construction Co., Ltd. Wright & Associates, LLC, the acquisition target, reported net sales of 71 million USD and operating income of 18 million USD for the fiscal year ending December 2025. The group develops, constructs, and sells detached houses mainly in northern Utah, where the population is rapidly increasing. The acquisition price for a 51% equity interest is 36.44 million USD (approximately 5.64 billion JPY), and the total amount including advisory fees is approximately 38.21 million USD (approximately 5.92 billion JPY).
Future Outlook
Through this acquisition, Iida Group will establish a business base in northern Utah, strengthen its homebuilder business, and aim to expand into related businesses. The impact on consolidated results for the fiscal year ending March 2026 is expected to be minor, and the plan is to use this as a foothold for business expansion into other areas in the future. Hajime AMERICA Inc. plans to increase its capital, and after the acquisition, Wright & Associates, LLC and Hajime AMERICA Inc. will become consolidated subsidiaries.
