Joshin Denki Co., Ltd.
(Progress of Disclosure) Completion of Subsidiarization of DO Corporation’s Renovation Business, Name Change to Joshin Reform Kinki Co., Ltd., and Announcement of Commencement of Collaboration Consideration with House Do Group
Joshin Denki Co., Ltd. made DO Corporation's renovation business a subsidiary and changed its trade name to Joshin Reform Kinki Co., Ltd. Collaboration discussions with House Do Group have commenced.
Key Figures
- Subsidiary Trade Name Change Date: 2026-02-05
- Capital Stock: 2.5 million yen
- Subsidiary Location: 1 Saiin Konmachi, Ukyo-ku, Kyoto City
AI要約
Overview of M&A
Joshin Denki Co., Ltd. completed the acquisition of all shares of DO Corporation's renovation business on February 5, 2026, making it a wholly owned subsidiary. The acquired company is a 100% subsidiary of And Do Holdings Co., Ltd. and operates in the renovation business. The subsidiary changed its trade name to Joshin Reform Kinki Co., Ltd. and finalized its board structure. The capital stock is 2.5 million yen, and its location is Ukyo-ku, Kyoto City.
Future Outlook and Collaboration
Leveraging this subsidiary acquisition, Joshin Denki has started discussions on collaboration with the House Do Group, which operates over 730 stores nationwide. Under the new medium-term management plan "JT-2028 Management Plan," the renovation business is positioned as a growth area, aiming to foster group unity and create synergies through brand unification. Going forward, the company plans to utilize advanced renovation expertise to develop high value-added renovation demand and expand into new categories, striving for sustainable corporate value enhancement. The impact on consolidated results for the fiscal year ending March 2026 is considered minimal.
