Joshin Denki to acquire DO Reform, boosting renovation business

Joshin Denki Co., Ltd. announced its resolution to acquire all shares of DO Reform Co., Ltd., making it a wholly-owned subsidiary. This acquisition aligns with Joshin's JT-2028 Management Plan to transform into a lifestyle support company, identifying renovations as a key growth area. DO Reform, which will take over the renovation business of HOUSE DO JAPAN Co., Ltd., brings three decades of experience in the Kyoto and Nara areas, complementing Joshin's strong customer base in the Kansai region.

The acquisition is scheduled to conclude with the share transfer on February 5, 2026. The total acquisition cost for the 100 shares of DO Reform is JPY 1,500 million, securing 100% of voting rights. DO Reform reported net sales of JPY 2,200 million and an operating profit of JPY 257 million for the year ended June 30, 2025.

Joshin expects the impact of this share acquisition on its consolidated financial results for the fiscal year ending March 31, 2026, to be minimal.