OCHI Holdings to Acquire Kyowa Shares, Expand Business in Western Japan

TOKYO, Jun 24 (Pulse News Wire) – Ochi Holdings CO.,LTD. (3166.F) announced today that it has decided to acquire all outstanding shares of Kyowa Corporation through a board resolution held .

This acquisition will make Kyowa a subsidiary of Ochi Holdings, aiming to expand operations in western Japan and achieve sustainable growth. Kyowa Corporation was established in Kyoto Prefecture in 1945 and specializes in the sale of timber, building materials, and home equipment in the Kansai region. With a capital of ¥90 million, Kyowa reported total assets of ¥2.734 billion, ¥2.632 billion, and ¥2.554 billion for fiscal years ending February 2024, 2025, and 2026, respectively. Operating profit stood at ¥110 million, ¥108 million, and ¥87 million during the same periods.

The acquisition involves transferring 1,800,000 shares of Kyowa stock to Ochi Holdings, representing 100% of the issued shares. The transaction includes advisory fees and other costs totaling ¥1.024 billion. The deal is expected to close on July 24, 2026, pending final approval from the remaining shareholder. Looking ahead, Ochi Holdings anticipates that the impact on its consolidated performance for the fiscal year ending March 2027 will be minor.

However, the company will promptly disclose any significant developments related to the acquisition.