The company's board of directors resolved on January 15, 2026 to acquire all issued shares of Tōyō Bussan Co., Ltd. (excluding shares held by its parent company and treasury shares) to make it a wholly-owned subsidiary. The company will also acquire all shares of T.H. Management Co., Ltd., the asset management and parent company of Tōyō Bussan, to achieve 100% subsidiary status. This acquisition is part of the company's medium-term management plan (2026-2028) targeting growth through M&A to reach a 30 billion yen enterprise.
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Summary
The company's board of directors resolved on January 15, 2026 to acquire all issued shares of Tōyō Bussan Co., Ltd. (excluding shares held by its parent company and treasury shares) to make it a wholly-owned subsidiary. The company will also acquire all shares of T.H. Management Co., Ltd., the asset management and parent company of Tōyō Bussan, to achieve 100% subsidiary status. This acquisition is part of the company's medium-term management plan (2026-2028) targeting growth through M&A to reach a 30 billion yen enterprise.
The company executed an unsecured loan agreement totaling 360 million yen with two regional banks on January 5, 2026, with repayment due by December 20, 2035. The loan is subject to financial covenants requiring the company to maintain consolidated net assets at no less than 90% of the December 2024 baseline (or 90% of the previous fiscal year-end, whichever is higher) and to avoid operating losses in subsequent fiscal years.
¥360M
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Summary
The company executed an unsecured loan agreement totaling 360 million yen with two regional banks on January 5, 2026, with repayment due by December 20, 2035. The loan is subject to financial covenants requiring the company to maintain consolidated net assets at no less than 90% of the December 2024 baseline (or 90% of the previous fiscal year-end, whichever is higher) and to avoid operating losses in subsequent fiscal years.