JAPAN CRAFT HOLDINGS CO.,LTD. [7135.T]
TOKYO, Apr 30 (Pulse News Wire) – Japan Craft Holdings CO.,LTD. (7135.T) and its subsidiary, Nippon Vogue Corp., decided to sell their entire stake in Vogue School to Harumeku Co., Ltd.
The transaction, which requires approval from financial institutions, will take place on May 1, 2026. Vogue School's stable performance aligns with Japan Craft's strategy to optimize its portfolio and focus resources on core publishing operations. The sale aims to enhance capital efficiency and leverage Harumeku’s management expertise for further growth and service improvement. Although Vogue School will exit Japan Craft’s consolidated subsidiaries, it remains a strategic partner. The deal is expected to contribute positively to Japan Craft's profitability. Key details of the transaction include: - Vogue School shares held: 500 shares (holding ratio: 100%) - Transfer price: ¥150 million As of April 30, 2026, Vogue School had a capital of ¥30 million.
Established on June 30, 1977, the school operates cultural education programs focusing on handmade crafts. Its latest financial figures show revenues of ¥775 million and net income of ¥15 million for the fiscal year ending March 31, 2025. Harumeku, founded on July 24, 2012, specializes in publishing, telecommunications, retail sales, and events. With a capital of ¥10 million and assets totaling ¥8.872 billion, Harumeku is poised to integrate Vogue School into its existing operations. Looking ahead, Japan Craft anticipates reporting the sale as a special gain in its June 2026 consolidated earnings. A detailed impact assessment is ongoing, and any significant developments will be disclosed promptly.
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