JOYFUL HONDA CO.,LTD. [3191.T]
TOKYO, Jul 03 (Pulse News Wire) – Joyful Honda CO.,LTD. (3191.T) and ARKLANZ Co., Ltd.
Have decided to postpone the schedule for forming their joint holding company due to accounting irregularities discovered at ARKLANZ's subsidiary PETTSFU. The companies previously aimed to complete the formation process by March 1, 2027, but now all key dates are undetermined pending further investigation. ARKLANZ disclosed on July 03 that it had set up a special investigative committee to address potential inappropriate accounting practices at PETTSFU, which was fully acquired in June 2025.
As a result, JOYFUL HONDA and ARKLANZ agreed to delay the approval of the final contract and stock transfer plan until the investigation concludes. Both companies will reassess the feasibility of achieving the initial target date once more information becomes available. JOYFUL HONDA and ARKLANZ will continue discussions to finalize the revised timeline and conditions for their integration, aiming to announce updated schedules promptly upon reaching decisions.
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