Counterparty is East Japan Railway Company (JR East); Baby Calendar will acquire all shares of Orange Page Co., Ltd. and consolidate it as a subsidiary. Acquisition price is around 507 million yen (500 million yen for main shares plus advisory fees, etc.), with the execution date planned for November 2. 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Acquisition price is around 507 million yen (500 million yen for main shares plus advisory fees, etc.), with the execution date planned for November 2. This is a large-scale M&A strategic move rather than dividends or capital policy.","jir_summary":"### Overview of the M&A\nWith the resolution at today\u2019s board meeting to acquire all outstanding shares of Orange Page Co., Baby Calendar will consolidate the company as a subsidiary. The acquisition price is estimated at 507 million yen, with 500 million yen for common stock and 70 million yen for advisory fees, etc. The share transfer execution date is scheduled for November 2, 2026. The counterparty is East Japan Railway Company (JR East). Orange Page Co. has a publishing, e-commerce, and events business base, and both companies will adopt a strategy to mutually leverage their content and brands.\n\n### Outlook and impact\nThis matter will make Orange Page Co. a consolidated subsidiary of Baby Calendar, accelerating expansion across business areas, digital, publishing, and e-commerce. The impact on the consolidated results for the 2026 fiscal year is being reviewed, and if additional disclosures are made, they will be announced promptly. By the time of the transfer execution, about 2 billion yen in dividends are planned to be paid from Orange Page Co. to East Japan Railway Company.","jir_financial_highlights":"Acquisition price: approx. 507 million yen (Not available)\nAcquired shares: 9,910 shares (Not available)\nTotal shares owned after acquisition: 9,910 shares (Voting rights: 100%) (Not available)","jir_category":"","jir_hashtags":"#ShareBuyback, #ExecutiveChanges, #M&APartnership","jir_key_figures":"Acquisition price: approx. 507 million yen\nAcquired shares: 9,910 shares\nTotal shares owned after acquisition: 9,910 shares (Voting rights 100%)","jir_meta_title":"\u3010Baby Calendar\u3011Orange Page Acquisition Decision\uff5c2026\u5e749\u670815\u65e5","jir_meta_description":"Baby Calendar acquires all shares of Orange Page to consolidate as a subsidiary. Acquisition price about 507 million yen, execution date planned for November 2. Aims to expand business and collaborate in the digital domain.","jir_og_title":"Baby Calendar to acquire Orange Page shares\uff5c2026\u5e749\u670815\u65e5","jir_og_description":"Baby Calendar consolidates Orange Page as a subsidiary. Acquisition price about 507 million yen, execution date planned for November 2. Aims to expand business leveraging both brands and know-how.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":61329,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"m_and_a_alliance","footnotes":""},"sector":[],"importance":[],"class_list":["post-114303","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n