JOYFUL HONDA CO.,LTD. [3191.T]
TOKYO, Apr 14 (Pulse News Wire) – Joyful Honda CO.,LTD. (3191.T) and Arklands have agreed to merge, aiming to establish a leading home center network.
The merged entity will focus on expanding its store network and enhancing operational capabilities through shared expertise in large-scale store management and specialized retail operations. The merger will leverage synergies in product development, procurement, and digital marketing to boost sales and profitability. Both companies will integrate their IT systems, payment functions, logistics networks, and inventory management to optimize operations and enhance customer engagement across physical and online platforms. On March 1, 2027, the newly formed holding company will be established with nine directors, five of whom will be outside directors.
The board will include key executives such as Honda Ri, currently a director advisor at Joyful Honda, and Hayama Kyuoh, the current president of Joyful Honda. The merger involves transferring shares from both companies to the new holding company. Shareholders will receive shares in the new entity based on a ratio of 1:1.15, with Joyful Honda shareholders receiving 1.15 shares per share held. The total number of ordinary shares to be issued by the new holding company is estimated to be 138,085,675.
This calculation is based on the outstanding shares of Arklands (64,733,372) as of February 28, 2026, and Joyful Honda (63,784,612) as of December 20, 2025.
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