Senko Group Holdings acquires Verite, expands into jewelry retail

Senko Group Holdings Co., Ltd. announced the successful completion of its tender offer for Verite Inc. The tender offer, initiated on August 12, 2025, and concluding on September 8, 2025, saw the acquisition of 13,615,600 shares of Verite's common stock at a price of JPY 340 per share, totaling JPY 4,629 million. This acquisition grants Senko Group Holdings a 50.18% ownership of voting rights in Verite, making it a consolidated subsidiary.

The settlement for the tender offer is scheduled to commence on September 16, 2025. Verite Inc., a jewelry retailer and wholesaler founded in 1948, will formally become a consolidated subsidiary of Senko Group Holdings on this date. Senko Group Holdings stated that the impact of this change on its consolidated performance is currently under review, with any significant developments to be announced promptly.