Source disclosure: February 13, 2026
LOOK HOLDINGS INCORPORATED [8029.T]
TOKYO, Feb 13 (Pulse News Wire) -- Look Holdings Incorporated (8029.T), led by President Shibusawa Osamu, announced today that its board of directors has resolved to update its strategy regarding large-scale acquisitions of company shares ("the plan"), effective upon approval at its upcoming 64th Ordinary General Meeting of Shareholders scheduled for March 27, 2026. The current plan expires on this date, and the new version will be known as "the updated plan." This decision was made after careful consideration of recent market and operational conditions, as well as ongoing discussions about acquisition strategies. All seven directors, including two outside directors, unanimously approved the resolution, while all four auditors, including two independent external auditors, agreed to support it under certain conditions.
The core principles of the updated plan remain unchanged from the previous one but include several formal adjustments aimed at protecting the company's value and shareholder interests. Specifically, the plan targets situations where large-scale share purchases could harm the company’s enterprise value or the collective interest of shareholders. It emphasizes the importance of understanding the sources of the company's value and ensuring that any significant share purchase aligns with these values.
Look Holdings' business philosophy centers around enhancing customer satisfaction through innovative lifestyle contributions and fashion offerings. The company aims to create lasting value for customers and shareholders alike by fostering a rich cultural environment and promoting sustainable growth. Its mid-term strategic goals for fiscal years 2024 to 2028 focus on expanding revenue bases, strengthening capital policies, and reinforcing ESG initiatives.
In terms of revenue expansion, Look Holdings plans to increase domestic and international presence through new store openings for key imported brands and expanding sales channels in Southeast Asia. Additionally, the company launched a new stationery and leather goods brand, Smythson, from the UK. For online commerce, Look Holdings is pushing forward OMO (Online-Merge-Offline) strategies to achieve a 20% group-wide e-commerce sales ratio.
Capital policy enhancements aim to balance growth and profitability, strengthen shareholder returns, and improve IR information disclosure to boost ROE and PER, targeting a PBR of 1x. Environmental sustainability efforts include recycling programs to reduce waste and CO2 emissions, aiming for a 35% reduction in Scope 1 and 2 CO2 emissions by 2030 compared to 2022 levels.
Corporate governance improvements involve setting up advisory committees such as the Nomination and Remuneration Committee, which includes more than half independent outside directors, to ensure transparency and fairness in executive decisions. The company also places emphasis on human resource development, training employees across various roles to enhance their skills and compliance standards.
As part of the updated plan, Look Holdings requires potential buyers initiating large-scale share purchases to provide necessary information beforehand and engage in negotiations transparently. If deemed necessary, the company may implement preemptive measures such as offering discriminatory conditions attached to subscription rights to protect its enterprise value and shareholder interests. As of December 31, 2025, there have been no notifications or proposals from third parties indicating intentions to make substantial share purchases.
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