M・H・Group to Acquire Shares of Oasis LH Corp. for Subsidiarization

TOKYO, Jun 29 (Pulse News Wire) – M・h・group LTD. (9439.T) announced that its board of directors approved entering into a basic agreement to acquire shares of special purpose company (SPC) Oasis LH Corp.

And integrate it as a subsidiary. The acquisition aims to expand the group’s salon operations and create synergies across various businesses. On May 22, MH Group received shareholder approval for a rights issue and issuance of subscription warrants. With this funding, the company plans to pursue growth strategies, starting with the acquisition of Oasis LH Corp. The move seeks to enhance the scale of its salon operations and leverage synergies with existing businesses such as PB product sales and salon support services.

Oasis LH Corp., established on June 23, operates beauty salons and holds subsidiaries involved in food service within amusement facilities. The integration of Oasis LH Corp.’s operations is expected to diversify MH Group’s brand portfolio and strengthen its competitive position in the beauty industry. Key details of the transaction include: - Acquisition of 510 shares of Oasis LH Corp. - Current capital of Oasis LH Corp.: ¥10 million - Basic agreement signed - Expected share transfer contract signing and execution in July 2026 The impact on MH Group’s fiscal year ending June 2026 is anticipated to be minor, while long-term benefits are being assessed for the fiscal year ending June 2027. Any further developments will be disclosed promptly.