HIS to acquire Southwing, announces leadership changes

HIS Co., Ltd. announced its decision to acquire 80% of the voting rights in Southwing Co., Ltd., making the Okinawa-based tourism souvenir business a subsidiary. This acquisition, part of HIS's mid-term management plan (FY2024-2026) to expand into new areas, is expected to be completed by November 10, 2025. Southwing operates six "KID HOUSE" stores in Okinawa, with net assets of JPY 989 million and net sales of JPY 998 million as of August 31, 2025. The total acquisition cost is JPY 960 million.

In related news, HIS also announced leadership changes effective January 28, 2026. Current president and chief executive Yada Motoshi will become representative director and chairman, overseeing accounting, finance, and domestic affiliates. Sawada Hidetaka will assume the role of president and representative director, responsible for corporate planning, HR, IT, AI & DX promotion, M&A, and investment strategy.

New appointments to the board include Iwama Yuji as director and president of HIS Global Destination Management Company, and Matsumoto Koichi as independent outside director. Kagawa Shingo will join as an independent outside director and member of the audit and supervisory committee. Directors Nakamori Tatsuya, Oda Masayuki, and Nabeshima Atsushi are scheduled to retire.