JINS HOLDINGS Inc.
Announcement Regarding Business Acquisition by Our Philippine Subsidiary
Our Philippine subsidiary plans to acquire the JINS brand eyewear sales business (8 stores) in the Philippines from Suyen Corporation for approximately 270 million yen.
Key Figures
- Acquisition Price: Approximately 100 million Philippine pesos (approx. 270 million yen)
- Number of Acquired Stores: 8 stores
- Business Acquisition Date: Scheduled for July 1, 2026
AI要約
Overview of Business Acquisition
JINS Philippines Inc., the Philippine subsidiary of JINS Holdings, Inc., has resolved to acquire the JINS branded eyewear sales business (8 stores) in the Philippines from Suyen Corporation for approximately 100 million Philippine pesos (approx. 270 million yen). The acquisition is scheduled for July 1, 2026, with payment to be made from cash on hand. The acquisition price may fluctuate depending on the value of inventory and other factors.
Outlook and Impact
Through this acquisition, the Company aims to directly operate and rapidly expand its business in the Philippines. The impact on consolidated financial results for the fiscal year ending August 2026 is expected to be minor. Sales, profits, and other details related to the acquired business are undisclosed at the request of the seller, but it is clarified that the scale is minor relative to consolidated financials.
JINS Holdings, Inc.
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