Source disclosure: March 05, 2026, 17:00 JST
Published by Pulse News Wire: March 05, 2026, 17:04 JST
CEDAR.Co.,Ltd [2435.T]
TOKYO, Mar 05 (Pulse News Wire) – Cedar.co.,ltd (2435.T) announced today that its board of directors meeting held on March 05, 2026, resolved to acquire shares of Double HOO Co., making it a subsidiary. Double HOO Co.
Operates two nursing care facilities and home visit services in Nagoya City. By integrating Double HOO Co. into its group, Cedar.co.,ltd expects to enhance operational efficiency and improve service quality through leveraging its accumulated expertise and resources. This acquisition is anticipated to strengthen CEDAR's presence in the Chubu region and contribute to long-term performance growth and robust management foundations. Key details of the acquired company include: - Capital: ¥47 million - Established: April 10, 2002 - Major shareholders: Mr. Watanabe Takeshi (72.5%), Mr.
Oshima Ichiro (26.7%), and Mr. Hirano Ryuichi (0.8%) - Recent three-year financial highlights show net assets ranging from ¥905 million to ¥947 million, revenues around ¥460 million annually, and operating losses decreasing from ¥158 million to ¥74 million. Cedar.co.,ltd will purchase 720 shares for a total price of ¥918 million, resulting in a 100% stake post-acquisition. The transaction is scheduled to close on April 01, 2026. Looking ahead, CEDAR anticipates minimal impact on consolidated earnings for the fiscal year ending March 2026. A detailed forecast for the fiscal year ending March 2027 will be disclosed once finalized.
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