Autobacs Seven Co.,Ltd. agreed to acquire Joyful Shaken and Tire Center Co., Ltd. from Joyful Honda Co., Ltd..
March 04, 2021
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Autobacs Seven Co.,Ltd. (TSE:9832) agreed to acquire Joyful Shaken and Tire Center Co., Ltd. from Joyful Honda Co., Ltd. (TSE:3191) on March 5, 2021. Under the term, Autobacs will acquire 0.52 million shares of Joyful Shaken and Tire Center. Post completion, Joyful Honda will not hold any shares in Joyful Shaken and Tire Center.
The board of director of Joyful Honda resolved the transaction on March 5, 2021. The transaction was approved by the board of director of Joyful Honda on March 5, 2021. The transaction is expected to close on April 1, 2021.
Joyful Honda Co Ltd is a Japan-based company engaged in the sales of products related to housing, design and construction of renovation work and sales of related products, and sales of related products related to living. The Company is engaged in the operation of specialty store operating comprehensive distribution business and housing renovation business that practice entertainment rooted in the community and a wide selection of products that cater to a wide range of customers from general consumers to professional customers. The main products include materials and professional supplies, interior and living, garden and farm, daily and daily necessities, pets and leisure. It also operates sports clubs and home centers.
JOYFUL HONDA CO.,LTD. 
