XEBIO holdings CO.,LTD. [8281.T]
TOKYO, May 15 (Pulse News Wire) – Xebio Holdings CO.,LTD. (8281.T) announced today that its board of directors held, approved the acquisition of all shares of Drummond Golf Pty Ltd, an Australian golf retail chain.
The transaction is expected to close in April 2027, subject to certain conditions, including the completion of DG's restructuring and changes in fiscal periods. Drummond Golf operates franchises and direct stores across Australia, making it the country’s largest golf equipment retailer. It reported sales exceeding ¥10.00 billion in the fiscal year ended June 2025. Xebio plans to leverage DG's extensive network and customer base to expand its overseas retail operations, particularly in the APAC region. Key details of the deal include: - Capital: AUS$112 million (approximately ¥12,000) - Established: October 08, 2002 - Major shareholder details undisclosed due to confidentiality agreements.
Following the acquisition, Xebio will own 100% of DG's outstanding shares, increasing its voting rights significantly. The final purchase price remains undetermined until the definitive agreement is signed. Looking ahead, Xebio expects the impact on its fiscal year ending March 2027 to be minor. Post-acquisition, DG will become a consolidated subsidiary, potentially influencing future financial performance positively. Further updates will be disclosed as necessary.
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