Joshin Denki is acquiring House Do Japan's renovation business from And Do Holdings for ¥1.5 billion as part of its growth strategy outlined in the "JT-2028" mid-term plan.

Target Overview

Joshin Denki Co., Ltd. (Ticker: 8173) has entered into an agreement to acquire the renovation business from And Do Holdings Co., Ltd. (Ticker: 3457), specifically focusing on the operations managed by House Do Japan based in Kyoto. This acquisition aligns with Joshin Denki's strategic plan, "JT-2028," which identifies renovation services as a critical growth area. The transfer will occur through a company split, and Joshin Denki will acquire 100% of the shares in the renovation division, "DO Renovation" based in Kyoto City.

The renovation business of House Do Japan boasts nearly 30 years of experience, with recent figures highlighting revenues of ¥2.2 billion and an operating profit of ¥257 million for the fiscal year ending June 2025. By leveraging its established network of electronics retail stores across the Kansai region, Joshin Denki anticipates synergies that could enhance its renovation service offering.

Industry Overview

The home renovation industry in Japan has been experiencing significant growth, driven by an increasing focus on property enhancement and sustainability. With many homeowners looking to upgrade their living