Senko Group acquires Verite, becomes new parent company

Senko Group Holdings Co., Ltd.'s tender offer for Verite Co., Ltd. shares, which commenced on August 12, 2025, concluded on September 8, 2025. The offer successfully met its minimum threshold, with 13,615,600 shares tendered, ensuring its establishment. Verite will become a consolidated subsidiary of Senko Group Holdings, with the ownership change effective September 16, 2025.

Senko Group Holdings will become Verite's new parent company and largest shareholder, holding 50.18% of the voting rights. Jewelsource Japan Holdings Co., Ltd., Verite's former parent, tendered all of its 13,615,600 shares (50.18% ownership) and will no longer be classified as a parent company.

Verite's flash report for August 2025 indicated that total company sales increased by 19.2% compared to the previous year, with existing store sales up 12.3% year-over-year. The number of stores increased from 102 in April 2025 to 104 in August 2025. The tender offer price for Verite's common stock was set at 340 yen per share.