JK Holdings Co., Ltd. (9896) has signed an agreement to acquire all shares of Yamada Mokuzai Co., Ltd., headquartered in Toyama City, making it a consolidated subsidiary. Following this share acquisition, Yamada Mokuzai is expected to become a consolidated subsidiary of JK Holdings as of December 1, 2024.
Purpose of M&A
JK Holdings is a company primarily engaged in the sale of building materials, operating across a wide range of regions within Japan.
This M&A aims to further strengthen JK Holdings’ business foundation in the Hokuriku region and enhance its ability to provide localized services. By leveraging Yamada Mokuzai’s expertise and existing network, the group expects to improve its overall competitiveness.
The specific acquisition price has not been disclosed. However, a fair due diligence process has been conducted, and the acquisition is planned to be completed at an appropriate price. The impact of this transaction on the company’s consolidated financial performance is expected to be minimal.
Schedule
Agreement Signing Date: November 14, 2024
Scheduled Date of Subsidiary Integration: December 1, 2024
