Source disclosure: February 25, 2026, 16:20 JST
MBK Co.,Ltd. [3121.T]
TOKYO, Feb 25 (Pulse News Wire) – MBK CO.,LTD. (3121.T) announced plans to acquire 23 shares of Life Innovation Holdings through a share swap deal involving its CEO, Koji Sonobe.
The transaction will involve issuing MBK's own shares to Sonobe in exchange for his shares in Life Innovation Holdings. This move aims to align Sonobe’s economic interests more closely with MBK’s corporate value, fostering long-term collaboration. Initially, MBK had planned to acquire these shares via a rights issue but decided to pursue the direct share swap due to the significant influence Sonobe holds over Life Innovation Holdings' operations. Sonobe, who founded Cresava Corporation, brings extensive experience in recycling discarded clothing and utilizing traditional Japanese materials like washi paper.
His leadership is crucial for Life Innovation Holdings’ growth strategy, which includes producing sustainable fibers and converting waste textiles into valuable resources. Under the agreement, MBK will hold a stake of approximately 51% in Life Innovation Holdings, making it a related party under equity method accounting. The companies plan to further explore the possibility of integrating Life Innovation Holdings into MBK’s consolidated financial statements based on future performance. The acquisition is expected to contribute positively to MBK’s future earnings, though the impact on the fiscal year ending October 2026 is anticipated to be minor.
MBK committed to promptly disclose any significant changes affecting its financial results.
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