TSI HOLDINGS CO.,LTD. [3608.T]
TOKYO, Apr 10 (Pulse News Wire) – TSI Holdings CO.,LTD. (3608.T) resolved today to acquire Oriental Enterprise Co., Ltd.
And Lanani Trading Corp. through a basic agreement aimed at subsuming both companies into its portfolio. Oriental Enterprise was founded in the 1940s and specializes in fashion products, particularly military wear such as the iconic Buzz Rickson’s flight jackets. With a capital of ¥10 million established on August 27, 1999, the company's focus on authenticity and cultural heritage aligns well with TSI Holdings' strategic goals. The acquisition is expected to enhance TSI's brand diversity and expand its customer base through innovative product lines and joint marketing efforts in Japan. Lanani Trading, which operates as a sales subsidiary of Oriental Enterprise, has a capital of ¥30 million and was set up on November 18, 1965.
It handles the distribution of Oriental Enterprise's products. Under the agreement, TSI Holdings will own 100% of Oriental Enterprise's shares and 100% of Lanani Trading's shares held by key shareholders. The transaction details, including the purchase price based on independent valuation, remain confidential due to personal involvement of the sellers. The board approved the deal, with the definitive contract and share transfers scheduled to be finalized upon mutual agreement. This move supports TSI Holdings' long-term growth strategy outlined in its mid-term plan, aiming to strengthen its position in niche markets and leverage synergies across brands. Further updates on the impact on performance will be disclosed once calculations are completed.
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