Nankai Plywood to acquire French plywood and wood products company

Nankai Plywood Co., Ltd. announced on September 10, 2025, its decision to acquire 100% of ETABLISSEMENTS GUY JOUBERT, a French manufacturer and seller of plywood and wood products. This acquisition will make ETABLISSEMENTS GUY JOUBERT and its five subsidiaries fully consolidated subsidiaries, with an additional affiliate becoming an equity-method associate. The share transfer agreement is scheduled for September 17, 2025, with execution expected on October 1, 2025.

The acquisition price for the shares is €24m, with an additional ¥116m for advisory fees, totaling approximately ¥4,196m. This strategic move aims to expand Nankai Plywood's overseas sales and market share in the European plywood market. ETABLISSEMENTS GUY JOUBERT operates six companies, including two plywood manufacturing and sales subsidiaries and one veneer manufacturing subsidiary, with total consolidated assets of €88,308 thousand as of December 2024.

The transaction is expected to contribute to Nankai Plywood's consolidated financial statements from the fourth quarter of the fiscal year ending March 2026 for period-based results, and from the third quarter of the fiscal year ending March 2026 for balance sheet impacts. The company is currently assessing the full impact on its consolidated financial performance.