THE WHY HOW DO COMPANY,Inc. [3823.T]
TOKYO, Apr 16 (Pulse News Wire) – THE WHY HOW DO Company,inc. (3823.T) resolved at its extraordinary board meeting held to acquire shares in Cowel Corporation, a leading provider of LED lighting products based in Tokyo, Toshima Ku.
The acquisition involves purchasing some shares outright while conducting a simplified share exchange to fully consolidate Cowel as a subsidiary. Additionally, Cowel's subsidiary, Cowell (HK) Co., Limited, will become a grandchild company of THE WHY HOW DO COMPANY. The move aligns with the group’s long-term strategic vision outlined in their “M&A Assurance Declaration” announced in August 2025, focusing on sustainable growth through AI technology integration. Cowel’s unique service model, which includes planning, sales, rental, and maintenance of LED lighting solutions, complements THE WHY HOW DO COMPANY’s existing operations and enhances customer value propositions.
Under the agreement, THE WHY HOW DO COMPANY will purchase 4,836 shares of Cowel, representing approximately 98.97% of the outstanding shares, for a total consideration of ¥500 million. The remaining shares will be exchanged for THE WHY HOW DO COMPANY’s ordinary shares according to a predetermined ratio. The transaction is scheduled to be finalized on April 30, 2026. This acquisition is expected to bolster THE WHY HOW DO COMPANY’s presence in the energy-efficient lighting sector and potentially expand into related fields such as facility management and energy services.
The companies aim to leverage synergies between their networks and customer bases to drive cross-selling opportunities and enhance overall enterprise value.
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