Yamada Denki restructures finance arm, Yamada Financial to rebrand

Yamada Denki (TSE: 9831) announced a restructuring of its financial services segment by establishing Yamada Financial Holdings as an intermediate holding company, effective April 1, 2025. This new entity will oversee and manage Yamada Denki's financial subsidiaries. At the same time, Yamada Financial will be rebranded as Yamada LABI Card to more clearly reflect its focus on the LABI card business. Yamada Financial Holdings will have ¥10 million in capital and will be wholly owned by Yamada Denki. The aim is to strengthen governance, separate management oversight from business execution, and drive growth in the financial services segment. Yamada Denki does not expect the reorganization to materially impact its consolidated earnings.