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    8186   JP3188000008

OTSUKA KAGU, LTD.

(8186)
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Japanese electronics retailer Yamada to fully acquire furniture shop Otsuka Kagu

06/09/2021 | 02:24am EDT

TOKYO (Reuters) - Japanese electronics retailer Yamada Holdings will take full ownership of home furnishing store Otsuka Kagu through a share swap, the companies said on Thursday.

Yamada, which already held a majority stake in Otsuka Kagu, will delist shares in the company on Aug. 30, they said.

Otsuka Kagu has struggled to compete with cheaper rivals, and to overcome a boardroom feud involving the company's founder and his daughter.

(Reporting by Tokyo Newsroom; Editing by Tom Hogue)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
OTSUKA CORPORATION -2.07% 5690 End-of-day quote.4.40%
OTSUKA HOLDINGS CO., LTD. -2.76% 4338 End-of-day quote.-1.81%
OTSUKA KAGU, LTD. -0.67% 298 End-of-day quote.58.51%
YAMADA HOLDINGS CO., LTD. -0.58% 516 End-of-day quote.-5.84%
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Chart OTSUKA KAGU, LTD.
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Otsuka Kagu, Ltd. Technical Analysis Chart | 8186 | JP3188000008 | MarketScreener
Technical analysis trends OTSUKA KAGU, LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Managers and Directors
Tsuneo Mishima Chairman & President
Mitsuo Tanaka Independent Director
Shinichi Sasaki Independent Director
Haruo Sano Director & Senior Managing Executive Officer
Ichiro Ueno Director & General Manager-Sales
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