JR East to fully acquire Lumine, JR East Department Store

East Japan Railway Company (TSE: 9020) announced plans to fully acquire its consolidated subsidiaries, Lumine Co., Ltd., and JR East Department Store Co., Ltd., through a simplified share exchange, aiming to streamline operations and enhance group value. The share exchange, effective March 19, 2025, will see JR East issue 0.90 shares for each Lumine share and 37.0 shares for each JR East Department Store share. To facilitate this, JR East will repurchase up to 2,470,000 of its own shares, valued at ¥6,967,870,000, through the ToSTNeT-3 system on February 20, 2025. The consolidation is part of JR East's "Move Up 2027" management vision, designed to improve responsiveness to market changes and create a more efficient consolidated management structure.