Nitori Holdings Co., Ltd. completed the acquisition of 9.99% stake in EDION Corporation from LIXIL Corporation.
October 30, 2022
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Nitori Holdings Co., Ltd. (TSE:9843) entered into share transfer agreement to acquire 8.76025% stake in EDION Corporation (TSE:2730) from LIXIL Corporation (TSE:5938) for ¥10.3 billion on April 27, 2022. As per the transaction, Nitori Holdings Co., Ltd. will acquire 8,961,000 shares of EDION Corporation. The transaction is expected to complete on May 13, 2022. Daiwa Securities Co. Ltd. acted as financial advisor to Nitori Holdings Co., Ltd. (TSE:9843).
Nitori Holdings Co., Ltd. (TSE:9843) completed the acquisition of 9.99% stake in EDION Corporation (TSE:2730) from LIXIL Corporation (TSE:5938) on October 31, 2022.
NITORI Holdings Co, Ltd. is a holding company specializing in the manufacture and distribution of furniture and home furnishings (sofas, chairs, tables, curtains, rugs, beds, mattresses, kitchen and dining furniture, etc.) and offices (armchairs, shelving, drawers, computer tables, etc.). The group is also developing a women's clothing distribution business.
At the end of March 2023, products are marketed through a network of 902 stores in Japan (773), China (67), Taiwan (53), Malaysia (7), Singapore and the United States, and via the Internet.