TOKYO, Mar 23 (Pulse News Wire) – Smile Holdings Inc. (7084.T) completed the acquisition of WITH Holdings, strengthening its position in the childcare industry.
With the deal, Smile Holdings now operates 183 facilities, up from 100 previously, and reported combined revenue of ¥26 billion for the fiscal year ended March 2026. The transaction includes the issuance of ordinary shares worth ¥78.189 billion and preferred shares worth ¥4.055 billion, with a total investment of ¥12.14 billion. The acquisition enhances Smile Holdings' operational efficiency through shared expertise and cost synergies across various service areas such as food services, staffing, and education.
It also solidifies the company's financial standing, boosting EBITDA to ¥2.935 billion for the October 2025 fiscal period compared to ¥1.215 billion in March 2025. Additionally, Smile Holdings introduced special shareholder benefits for those holding 300 or more shares continuously from March 31, 2026, to September 30, 2026, offering digital gifts valued at ¥7,500 per share for six months. The company plans to maintain robust dividend policies, targeting a payout ratio of 30% to 50% based on EBITDA projections.
🟡 Confidence: Standard AI-translated content.