Source disclosure: January 20, 2026
KITABO CO.,LTD [3409.T]
TOKYO, Jan 20 (Pulse News Wire) – Kitabo Co.,ltd (3409.T) announced plans to subsidiaryize V Limousine through a stock delivery process and acquire part of its shares via cash consideration. Additionally, the company decided to launch a new mobility-related business focusing on chauffeur services targeting corporate clients and tourist transportation.
Kitaboshi's strategy includes integrating V Limousine’s specialized operations and management expertise to establish a sustainable growth base within its group. The move follows the company's commitment to diversify revenue streams beyond its traditional spinning business. As part of this initiative, Kitaboshi will create a new department dedicated to managing the new venture, led by Executive Director Shiohara. The stock delivery ratio was determined based on a valuation report prepared by independent third-party appraiser StewartMclaren.
The transaction is scheduled to take place on March 3, 2026, subject to approval processes and regulatory requirements. Kitaboshi expects to hold approximately 51% of V Limousine's outstanding shares post-acquisition, enhancing its control over the entity without fully absorbing it. Kitaboshi anticipates limited initial investment costs for launching the new business, relying primarily on existing operational funds. The company plans to commence operations in early March 2026, initially operating with a small team and a restricted vehicle fleet.
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