Arclands Corporation
Notice of Signing Basic Agreement on Business Integration through Establishment of Joint Holding Company (Share Transfer) by Joyful Honda Co., Ltd. and Arcland Service Co., Ltd.
Joyful Honda and Arcland will establish a joint holding company through a joint share transfer and implement business integration on March 1, 2027. The share transfer ratio is 1.15 shares of Joyful Honda for each 1 share of Arcland. After delisting, the new holding company will be listed on the Tokyo Stock Exchange Prime Market.
Key Figures
- Joyful Honda Net Sales: 128,980 million JPY (Fiscal Year ending June 2025)
- Arcland Net Sales: 341,141 million JPY (Fiscal Year ending February 2026)
- Share Transfer Ratio: 1.15 shares of Joyful Honda per 1 share of Arcland
- Joyful Honda Shares Outstanding: 63,784,612 shares
- Arcland Shares Outstanding: 64,733,372 shares
AI要約
Background and Purpose of Business Integration
Joyful Honda and Arcland have agreed to integrate management through establishing a joint holding company via joint share transfer to respond to intensifying competitive environment such as diversifying consumer needs and expanding e-commerce market, aiming to provide highly specialized products/services and enhance purchasing experience. By combining their strengths, they will strive to expand store networks, strengthen product development capabilities, and promote coordination between offline and digital channels to become Japan’s leading home center group.
Overview and Schedule of Business Integration
The joint holding company will be established on March 1, 2027 via joint share transfer, with both companies becoming wholly owned subsidiaries and subsequently delisted. The new holding company is scheduled to be technically listed on the Tokyo Stock Exchange Prime Market. The share transfer ratio of 1.15 shares of Joyful Honda per 1 share of Arcland was decided by the boards of directors of both companies. Based on evaluations by a third-party appraisal institution, this ratio is deemed fair. Future management policies and earnings forecasts will be announced after integration.
