Expanding the Corporate Foundation through M&A, Management Integration and Business Alliances

「Furthermore, in September 2025, the company made ㈱エンチョー, which operates home-center businesses mainly in Shizuoka Prefecture, a wholly owned subsidiary, and in December of the same year made ホームテック株式会社, which operates remodeling businesses mainly in Tokyo, Kanagawa Prefecture and Saitama Prefecture, a wholly owned subsidiary. Leveraging a nationwide network of 918 stores」

「With respect to ㈱エンチョー, the company carried out a share exchange on 1 September 2025 based on the share exchange agreement entered into at a meeting of the board of directors held on 9 May 2025. The company established an integration committee with ㈱エンチョー and is working to maximize synergies while resolving issues relating to the business integration through departmental subcommittees covering products and sales promotion, systems, store operations, general affairs, human resources, finance and other functions.」

「On 1 September 2024, an absorption-type merger was carried out with DCM株式会社 as the surviving company and 株式会社ケーヨー as the absorbed company. Through this merger, the company aims to strengthen the group's overall capabilities, further improve productivity and, ultimately, further increase corporate value.」

「ケーヨー, which became a wholly owned subsidiary on 9 January 2024, contributed to the consolidated results of DCM Holdings Co.,Ltd. during the cumulative first quarter. DCM Holdings Co.,Ltd. plans to carry out an absorption-type merger of ケーヨー on 1 September 2024, with DCM Holdings Co.,Ltd. as the surviving company and ケーヨー as the absorbed company.」

「In January 2024, the company made ケーヨー, which operates home-center businesses mainly in the Kanto, Chubu and Kinki regions, a wholly owned subsidiary, and plans to merge it in September 2024.」

「Since entering into a capital and business alliance agreement with ケーヨー in January 2017, the company has pursued various forms of cooperation, mainly in products, logistics and sales promotion, and these initiatives have translated into expanded earnings power for both companies. Going forward, to further strengthen their sales cooperation, the companies will increase personnel exchanges, improve the efficiency of store operations through system integration, and establish new forms of sales cooperation including omnichannel and DX initiatives, thereby working continuously to enhance corporate value.」

「On 29 September 2023, the tender offeror and the target concluded that, given their already close relationship under the capital and business alliance agreement entered into in January 2017, eliminating the constraints on cooperation between the two companies would create a structure enabling more nimble and unified decision-making, thereby strengthening the group's overall capabilities and further improving productivity, ultimately increasing the corporate value of both companies. They therefore concluded that making the target a wholly owned subsidiary was the best option for the target and the tender offeror's group, and decided to launch the tender offer.」

「The company aims to expand its home-center operating area and sales channels for private-brand products. To transform into a comprehensive company enhancing everyday living, it will also actively pursue M&A through collaboration and co-creation, with the aim of expanding its business scope through cooperation with companies in other industries and strengthening functions.」

「On 24 March 2022, the company acquired 100% of the shares of エクスプライス株式会社 and made it a wholly owned subsidiary. By combining the strengths of the company’s group in physical retail with those of エクスプライス株式会社 in EC, the company expects to generate various business synergies, including use of physical stores in the EC business, reciprocal customer referrals, expansion of the product portfolio beyond consumer electronics, faster logistics and cost reductions.」

「The company will expand its management base through business integration, business alliances and other measures, pursue group synergies, and establish new collaborative arrangements with business partners.」