TOKYO, Mar 23 (Pulse News Wire) – Nippon Densetsu Kogyo CO.,LTD. (195A.T) announced today that its subsidiary Muscat Group will acquire Springtree Clinic Group through its affiliate Teika-kai on March 25, 2026.
Teika-kai, which was established on July 1, 2025, will take over management rights and equity stakes of Springtree Clinic Group effective March 25, 2026. The transaction involves a loan agreement worth approximately ¥59 million to be repaid by December 31, 2035. Springtree Clinic Group operates multiple dental clinics and reported revenues of ¥59 million, ¥57 million, and ¥53 million for fiscal years ending February 2023, 2024, and 2025, respectively.
The acquisition aims to expand brand production activities and enhance overall group value. The acquisition is expected to impact Nippon Denso Kogyo’s consolidated financial statements beginning in the first quarter of fiscal year 2027. Due to Springtree Clinic Group being debt-ridden post-acquisition, profits generated until debt clearance will accrue to parent shareholders.
The difference between the acquisition price and negative net assets will be recorded as goodwill.
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