Asukanet Company, Limited [2438.T]
TOKYO, May 11 (Pulse News Wire) – Asukanet Company,limited (2438.T) announced today that its board of directors had approved the acquisition of Phoenix Holdings' pet funeral and cemetery operations in southern Kyushu. The deal, set to close on June 1, 2026, includes assets valued at ¥62 million but does not involve any liabilities.
The acquired business operates primarily in Miyazaki, Oita, and Kumamoto areas under the "Dreamland" brand, offering pet funerals and cemeteries. It also runs mobile cremation services in those regions. Asukanet plans to leverage this acquisition to expand its digital imaging services for funeral homes and enhance its photo book offerings tailored for pet funerals. Additionally, the move aims to strengthen its presence in the growing pet funeral market through increased marketing efforts and broader service areas.
Phoenix Holdings was established in 2006 and currently holds capital of ¥1 million. The transaction price is ¥62 million, which will be settled in cash. The company expects the impact on its fiscal 2027 performance to be minor, but will promptly disclose any significant changes. The acquisition aligns with Asukanet's strategy to diversify its funeral-related services and capitalize on synergies across various segments within the funeral industry.
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