Hakuhodo DY Holdings to acquire Digital Holdings subsidiaries

Hakuhodo DY Holdings Inc. announced a simplified absorption-type company split, effective November 5, 2025, to acquire HIBC Co., Ltd. and Time & Space, Ltd. The acquisition follows a tender offer for Digital Holdings from September 12 to October 28, 2025, aiming to make Digital Holdings a wholly-owned subsidiary. HIBC and Time & Space, currently holding Digital Holdings shares, will become wholly-owned subsidiaries of Hakuhodo DY Holdings through a share transfer.

Post-acquisition, Hakuhodo DY Holdings will succeed the rights and obligations related to Digital Holdings common shares and specific loan obligations from HIBC and Time & Space. As of December 2024, HIBC reported zero net sales and JPY 4,603m in total assets, while Time & Space (February 2025) also had zero net sales and JPY 381m in total assets. This company split is not expected to impact Hakuhodo DY Holdings' consolidated operating results.