Managing Affiliates and Group Synergies

「During the current interim consolidated accounting period, 株式会社ヤマダトレーディング, which had been a consolidated subsidiary, ceased to exist through an absorption-type merger effective 1 June 2025, with the consolidated subsidiary 株式会社ヤマダデンキ as the surviving company, and was therefore excluded from the scope of consolidation. During the current interim consolidated accounting period, 株式会社ヤマダ金融ホールディングス, established on 1 April 2025, was included in the scope of consolidation.」

「During the current interim consolidated accounting period, 株式会社コングロ, which had been a consolidated subsidiary, ceased to exist through an absorption-type merger effective 1 March 2024, with the consolidated subsidiary 株式会社ヤマダホームズ as the surviving company.」

「During the current third-quarter consolidated accounting period, 株式会社桧家住宅, 株式会社パパまるハウス, 株式会社ヒノキヤレスコ, 株式会社日本ハウジングソリューション and 株式会社桧家リフォーミング, which had been consolidated subsidiaries, ceased to exist through an absorption-type merger with the consolidated subsidiary 株式会社ヒノキヤグループ as the surviving company, while 株式会社リペア・デポ, which had been a consolidated subsidiary, ceased to exist through an absorption-type merger with the consolidated subsidiary 株式会社ヤマダデンキ as the surviving company.」

「株式会社イーウェルネス, which had been a consolidated subsidiary, ceased to exist through an absorption-type merger effective 1 June 2023, with the consolidated subsidiary 株式会社ヤマダデンキ as the surviving company, and was therefore excluded from the scope of consolidation.」

「At the respective shareholder meetings held on 16 March 2023 to approve the mergers, our consolidated subsidiary 株式会社ヒノキヤグループ and 株式会社桧家住宅, 株式会社パパまるハウス, 株式会社ヒノキヤレスコ, 株式会社日本ハウジングソリューション, まいすまい株式会社 and 株式会社桧家リフォーミング resolved to carry out an absorption-type merger effective 1 July 2023, with 株式会社ヒノキヤグループ as the surviving company and the 6 subsidiaries as the absorbed companies.」

「Through this merger, we will further advance these initiatives by consolidating the expertise and management resources of 大塚家具 into ヤマダデンキ under the concept of combining furniture, interiors and home appliances to make everything that makes daily life happy, while strengthening integrated sales, improving customer convenience and increasing operational efficiency as the two companies become one.」

「Based on a resolution of the board of directors dated 18 January 2021, on 1 July 2021 the company carried out an absorption-type merger in which its consolidated subsidiary 株式会社ヤマダデンキ was the surviving company and its consolidated subsidiaries 株式会社ベスト電器, 株式会社黒川デンキ, 株式会社九州テックランド, 株式会社マツヤデンキ, 株式会社星電社 and 株式会社Ｐｒｏｊｅｃｔ Ｗｈｉｔｅ, together with its non-consolidated subsidiary 加藤商事株式会社, were the absorbed companies.」

「The company will carry out an intra-Group organizational restructuring by around 1 July 2021 and enhance corporate value by promoting connected management that leverages synergies among the Group companies.」

「At a meeting of the board of directors held on 18 January 2021, the company resolved to carry out an intra-Group organizational restructuring, with 1 July 2021 set as the scheduled completion date.」

「We decided to acquire the shares because we determined that there would be significant synergies between our proposal covering all aspects of daily life and the housing business operated by 株式会社レオハウス.」

「At a meeting of the board of directors held on 12 December 2019, the company resolved to enter into a capital and business alliance agreement with 株式会社大塚家具 and to subscribe for new shares and share acquisition rights issued through a third-party allotment conducted by 大塚家具, and completed the share acquisition on 30 December 2019.」

「We decided to reorganize the organization through the merger of 4 companies and change the corporate name of the surviving company, with the aim of combining the technologies and expertise of the 4 consolidated subsidiaries, consolidating the Group's management resources, further expanding the housing business under the concept of making the future richer through a home where people can enjoy all aspects of daily life in a smart house, and further strengthening the management foundation.」

「Through this share exchange, we will promote business strategies that make maximum use of the management resources of the ヤマダ電機 Group, optimize and maximize the value chain by consolidating management resources, including function-specific subsidiaries that are dispersed within the two groups, and further strengthen cooperation between the groups to enhance their profitability and competitiveness.」

「On 1 April 2018, the company absorbed 株式会社ナカヤマ, which had been its consolidated subsidiary.」

「Following the acquisition of the shares on 30 November 2017, the merger was decided with the aim of further improving the efficiency of Group management and strengthening the business foundation and sales strategy through the integration of 株式会社ナカヤマ with new-format stores and the integration of head office functions and various infrastructure.」

「At a meeting of the board of directors held on 8 November 2017, the company resolved to acquire all shares of 株式会社ナカヤマ and make it a subsidiary, and completed the share acquisition on 30 November 2017.」

「The share exchange was carried out on 1 July 2017.」

「The purpose is to improve the efficiency of Group management and strengthen the business foundation through the absorption-type merger of 南九州ヤマダ電機株式会社.」

「We will promote CSR management that leverages synergies within the Group, enhance social value, and aim to become a company that develops together with society.」