Konan Shoji Co., Ltd. has acquired a controlling interest in Home Center Mitsuwa, enabling its expansion into Fukui Prefecture and reinforcing its competitive position in the home improvement industry.

Target Information

Konan Shoji Co., Ltd. has acquired Home Center Mitsuwa, located in Fukui City, marking its initial expansion into Fukui Prefecture, an area where the company had previously not operated. This strategic acquisition includes a capital increase through a third-party allocation and the purchase of 14.5% of shares owned by Welcia Holdings, the leading drugstore chain in Japan. Konan Shoji now holds a total of 51% of shares in Home Center Mitsuwa, positioning itself to enhance its competitiveness through an expanded store network.

Home Center Mitsuwa opened its doors in 1976 as the first home center in Fukui Prefecture. Currently, it operates four stores across Fukui City, Sakai City, Echizen City, and Ono City, demonstrating a well-established presence in the local market.

Industry Overview in Japan

Japan's home improvement retail industry has shown steady growth, driven by increasing consumer interest in home enhancement projects. Factors such as a rising number of DIY