Tsuruha Holdings to become AEON affiliate in landmark deal
Tsuruha Holdings [TSE:3391] will become an affiliate of AEON Co., Ltd., as part of a comprehensive capital and business alliance that also involves Welcia Holdings. The announcement follows a series of strategic moves, including Tsuruha's recent disclosure of its FY2025 financial results and a planned 5-for-1 stock split effective September 1, 2025. The alliance is expected to close in January 2026, at which point AEON will begin the tender offer. AEON will acquire additional shares from Tsuruha at JPY 11,400 per share, making it a subordinate with 50.9% ownership. The move is subject to regulatory approvals and other conditions. The three companies say their ultimate goal is to create a drugstore behemoth throughout Japan. The planned tender offer will give shareholders a chance to monetize their Tsuruha stock. The deal is also contingent on a downstream merger with Welcia.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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