Yamada Finance Service Co., Ltd. agreed to acquire House Depot Partners Co., Ltd. from Mitsui & Co., Ltd. and JK Holdings Co., Ltd..
December 19, 2022
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Yamada Finance Service Co., Ltd. agreed to acquire House Depot Partners Co., Ltd. from Mitsui & Co., Ltd. (TSE:8031) and JK Holdings Co., Ltd. (TSE:9896) on December 19, 2022. Yamada Holdings Co., Ltd. passed a resolution to enter into a stock transfer agreement for the acquisition.
JK Holdings Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of plywood, the processing and sale of wood, and the wholesale and retail of plywood, plywood secondary products, building materials and housing equipment. The Company has three business segments. The General Building Material Wholesale segment is mainly engaged in the wholesale of plywood, plywood secondary products, building materials and housing equipment. The Plywood Manufacturing and Wood Processing segment is mainly engaged in the manufacture and sale of structural plywood, long plywood, laminated wood and assembled processed products, and the processing and sale of wood. The General Building Material Retail segment is mainly engaged in the retail of plywood, plywood secondary products, building materials and housing equipment. The Company is also engaged in the franchise, real estate leasing, warehouse, transportation, construction and travel business, and the insurance agency business.