TOKYO, May 18 (Pulse News Wire) – Smile Holdings Inc. (7084.T) completed its acquisition of WITH Growth Holdings on May 8, marking the latter's full subsidiary status within the group.
The transaction involved purchasing 78,189 ordinary shares and 1 A-type share, representing a total equity stake of 100% and 0% respectively. With the acquisition, Smile Holdings reported robust financial performance for the fiscal year ending March 2026. Revenue reached ¥13.656 billion, up from the previous year, while operating profit surged to ¥664 million, surpassing the initial target despite excluding M&A-related expenses.
Additionally, net profit climbed to ¥464 million, more than tripling compared to the same period last year. The company also highlighted its commitment to shareholder returns, maintaining dividend levels consistent with the previous year and considering further increases based on anticipated future earnings. Existing shareholders who meet certain holding criteria will continue to benefit from digital gift rewards, with additional temporary perks planned contingent on ongoing performance improvements.
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