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    9831   JP3939000000

YAMADA HOLDINGS CO., LTD.

(9831)
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Yamada Denki : to make furniture store Otsuka Kagu subsidiary

12/12/2019 | 02:13am EDT

Japanese electrical appliance store chain Yamada Denki Co. will buy a majority stake in Otsuka Kagu Ltd. to make the struggling furniture retailer a subsidiary, the two companies said Thursday.

Yamada Denki will buy 4.37 billion yen ($40 million) worth of new shares to be issued by Tokyo-based Otsuka Kagu through a third-party allotment later this month, acquiring a 51.74 percent stake with voting rights, they said.

The move comes as the Japanese furniture retailer was unable to turn around its financial position after a sales slump and closure of its outlets due to a worsening brand image stemming from a family feud over control of the company.

Since Yamada Denki and Otsuka Kagu agreed on a business tie-up in February this year, the furniture retailer has provided personnel and furniture sales expertise to the electronics chain, which has started focusing on its housing arm.

The retailer posted a net loss of 3.2 billion yen for the fiscal year ended in December 2018, mired in the red for the third consecutive year.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
YAMADA HOLDINGS CO., LTD. 0.83% 487 End-of-day quote.-11.13%
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Financials
Sales 2022 1 661 B 15 181 M 15 181 M
Net income 2022 46 921 M 429 M 429 M
Net Debt 2022 121 B 1 110 M 1 110 M
P/E ratio 2022 8,27x
Yield 2022 2,87%
Capitalization 399 B 3 647 M 3 648 M
EV / Sales 2022 0,31x
EV / Sales 2023 0,29x
Nbr of Employees 24 300
Free-Float 71,0%
Chart YAMADA HOLDINGS CO., LTD.
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Yamada Holdings Co., Ltd. Technical Analysis Chart | 9831 | JP3939000000 | MarketScreener
Technical analysis trends YAMADA HOLDINGS CO., LTD.
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TrendsNeutralBearishBearish
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 487,00 JPY
Average target price 651,43 JPY
Spread / Average Target 33,8%
EPS Revisions
Managers and Directors
Tsuneo Mishima President & Representative Director
Noboru Yamada Chairman
Tsukasa Tokuhira Independent Outside Director
Miki Mitsunari Outside Director
Tatsuo Kobayashi Representative Director
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