Worth reading
42Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
1000
KRW 100 million (annual sales of FOLDER's 35 stores)Wording
Conditional
How definitive the wording is.This transaction
Acquisition of the FOLDER businessCounterpartyE-Land World Co., Ltd.
Disclosing companyABC-MART,INC.
Date of board resolution21 January 2026
Contract Date21 January 2026
Target company
FOLDER shoe select shops
Location Republic of Korea (South Korea)Share capital ₩28.284 billion (transferor: E-Land World Co., Ltd.)Date of incorporation 16 February 1982 (transferor: E-Land World Co., Ltd.)
Net SalesApproximately ₩100 billion (annual sales of FOLDER's 35 stores; fiscal year: Not disclosed)
Operating profitThe Company declines to disclose this information at the request of the counterparty.
Net income for the current fiscal yearThe Company declines to disclose this information at the request of the counterparty.
Net assetsThe Company declines to disclose this information at the request of the counterparty.
Consideration and expenses
Acquisition priceNot disclosed at the request of the counterparty. The amount is insignificant.
Type of ConsiderationCash (using internal funds) is planned.
Funding arrangementsCash (using internal funds) is planned.
Impact on Business Performance
The acquisition of this business is expected to expand the business over the medium to long term and contribute to improved performance for the Group. The impact on consolidated results for the current fiscal year, ending February 2027, is currently under review, and the Company will disclose the impact in due course after taking its significance into account.
Procedures and assumptions
Conditions Precedent to ExecutionApproval from the Korea Fair Trade Commission for the acquisition of the FOLDER business (27 May 2026)
Management structure after acquisitionThe Company will acquire the 27 FOLDER stores, intangible assets including trademark rights and store operating rights, and the rights to operate the online mall and Instagram account, and will continue to employ 68 employees.
| Item | Details |
|---|---|
| Transaction name | Acquisition of the FOLDER business |
| Counterparty name | E-Land World Co., Ltd. |
| Business Description of the Subject Company | FOLDER shoe select shops |
| Location of the Subject Company | Republic of Korea (South Korea) |
| Capital Stock of the Subject Company | ₩28.284 billion (transferor: E-Land World Co., Ltd.) |
| Date of Establishment of the Subject Company | 16 February 1982 (transferor: E-Land World Co., Ltd.) |
| Net Sales of the Subject Company | Approximately ₩100 billion (annual sales of FOLDER's 35 stores; fiscal year: Not disclosed) |
| Operating Profit of the Subject Company | The Company declines to disclose this information at the request of the counterparty. |
| Net Income of the Subject Company | The Company declines to disclose this information at the request of the counterparty. |
| Net Assets of the Subject Company | The Company declines to disclose this information at the request of the counterparty. |
| Acquisition price | Not disclosed at the request of the counterparty. The amount is insignificant. |
| Type of Consideration | Cash (using internal funds) is planned. |
| Funding arrangements | Cash (using internal funds) is planned. |
| Impact on Business Performance | The acquisition of this business is expected to expand the business over the medium to long term and contribute to improved performance for the Group. The impact on consolidated results for the current fiscal year, ending February 2027, is currently under review, and the Company will disclose the impact in due course after taking its significance into account. |
| Date of board resolution | 21 January 2026 |
| Contract Date | 21 January 2026 |
| Conditions Precedent to Execution | Approval from the Korea Fair Trade Commission for the acquisition of the FOLDER business (27 May 2026) |
| Management structure after acquisition | The Company will acquire the 27 FOLDER stores, intangible assets including trademark rights and store operating rights, and the rights to operate the online mall and Instagram account, and will continue to employ 68 employees. |
Items this document does not state (14)
Name of the Subject CompanyExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageGoodwill amountAmount of extraordinary income (loss)Execution Date / Effective DateValuation methodologyIndependent valuation institutionSpecial Committee
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.By combining the expertise and infrastructure developed by both companies and strengthening partnerships with major suppliers, the Group aims to enhance its product lineup and ability to communicate trends, thereby increasing its presence in the South Korean market.
How to read this page
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