Arclands Corporation
Notice of Basic Agreement on Business Integration between Joyful Honda Co., Ltd. and Arclands Co., Ltd. – Supplementary Materials
Joyful Honda Co., Ltd. and Arclands Co., Ltd. will integrate their management and establish a joint holding company on March 1, 2027, aiming to become Japan's number one home center.
Key Figures
- Share Transfer Ratio: Arclands 1 : Joyful Honda 1.15
- Scheduled Registration Date for Establishment of Joint Holding Company: 2027-03-01
- Number of Outstanding Shares: Joyful Honda 63,784,612 shares, Arclands 64,733,372 shares
AI要約
Background and Purpose of the Business Integration
Leading home centers Joyful Honda Co., Ltd. and Arclands Co., Ltd. will merge to create a new home center operating company aiming to become the number one in Japan. The new company will adopt the "Specialty Store Cluster Home Center Concept," leveraging both companies’ strengths to establish a network of leading regional stores with highly specialized shops and services. By expanding the store network and enhancing product development capabilities, it will strengthen its customer base and marketing functions to improve profitability and maximize corporate value.
Method and Schedule of Business Integration
The two companies will form a joint holding company through a share transfer and transition to a holding company structure. As a result, both companies will become wholly owned subsidiaries of the joint holding company and will be delisted. The share transfer ratio is 1 share of Arclands to 1.15 shares of Joyful Honda. The registration of the joint holding company establishment is scheduled for March 1, 2027, followed by a listing application to the Tokyo Stock Exchange Prime Market. The timeline includes signing the basic agreement on April 14, 2026, Joyful Honda's record date on June 20, 2026, holding respective shareholder meetings from July to September 2026, and delisting of both companies planned in February 2027.
