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Aeon Kyushu to acquire Tokiwa Industry, merge with Joyful Sun

October 21, 2025 at 12:01 PM UTCBy FilingReader AI

Aeon Kyushu announced a basic agreement to acquire all shares of Tokiwa Industry, a supermarket operator in Oita Prefecture, making it a wholly-owned subsidiary. The share transfer is scheduled for January 31, 2026. This acquisition aims to strengthen Aeon Kyushu’s market position in Oita. Tokiwa Industry, founded in 1970, operates 23 supermarkets in Oita Prefecture. As of February 2024, it reported net assets of JPY 1,789 million and total assets of JPY 13,186 million.

Separately, Aeon Kyushu will absorb its wholly-owned subsidiary, Joyful Sun Corporation, through an absorption-type merger, effective March 1, 2026. Prior to the merger, Aeon Kyushu plans to forgive short-term loans up to JPY 700 million to resolve Joyful Sun’s debt overhang, expected to arise from future capital investments. Joyful Sun, acquired by Aeon Kyushu on July 1, 2025, reported net assets of JPY 57 million and total assets of JPY 1,012 million as of June 2025.

These strategic actions underscore Aeon Kyushu's commitment to optimizing its group management and enhancing operational efficiency across its diverse retail formats in the Kyushu and Yamaguchi regions. The company projects the impact on its consolidated earnings for the February 2026 fiscal year to be minor.

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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