Komori
Business alliance9956VALOR HOLDINGS CO.,LTD.Retail

Notice regarding the execution of a capital and business alliance agreement with KOHNAN SHOJI CO.,LTD.

バローホールディングス and KOHNAN SHOJI CO.,LTD. have entered into a capital and business alliance agreement to jointly operate アレンザホールディングス and cooperate in areas including the mutual supply of private-label products, store expansion, logistics and store operations. In connection with this, KOHNAN SHOJI CO.,LTD. is scheduled to acquire shares of バローホールディングス from existing shareholders, while バローホールディングス is scheduled to acquire 719,400 shares of KOHNAN SHOJI CO.,LTD. through a third-party allotment.

Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Neutral
Direction inferred from the company’s description.
Scale
3000
Millions of yen (approximate share acquisition prices and payment amounts for each company)
Wording
Conditional
How definitive the wording is.

Agreements reached under this partnership

Capital and Business Alliance
9956VALOR HOLDINGS CO.,LTD.
Alliance partnerKOHNAN SHOJI CO.,LTD.
Details of the alliance
  1. 1

    Mutual supply of private-label products

  2. 2

    Collaboration in deepening market penetration, primarily in the Kansai and Kanto regions

  3. 3

    Joint research and sharing of know-how concerning the following matters

  4. 4

    Supply from the バローホールディングス Group to the KOHNAN SHOJI CO.,LTD. Group: food products, pharmaceuticals, quasi-drugs and other products

  5. 5

    Supply from the KOHNAN SHOJI CO.,LTD. Group to the バローホールディングス Group: DIY, pet and gardening products, household goods and other products

  6. 6

    Regarding market development, primarily in the Kansai and Kanto regions, the parties will share information lawfully within the scope necessary to achieve that objective in order to efficiently expand stores and improve services by leveraging their respective strengths, and will also consider opening stores jointly.

  7. 7

    Regarding tenant openings at stores operated by バローホールディングス and KOHNAN SHOJI CO.,LTD., primarily in the Kansai and Kanto regions, the parties will give priority to discussions when requested by the other party.

  8. 8

    Operation of logistics facilities and logistics systems

  9. 9

    Store development and facility management

  10. 10

    Store operations rationalization, sales promotion measures and EC operations

  11. 11

    Recruitment and training of personnel

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Capital and personnel relationships

This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).

Number of shares acquiredAcquisition of KOHNAN SHOJI CO.,LTD. common shares by バローホールディングス: 719,400 shares (percentage of total shares issued: Not disclosed). Acquisition of バローホールディングス shares by KOHNAN SHOJI CO.,LTD.: Not disclosed (acquired from existing shareholders through ToSTNeT-1)
Acquisition priceThe total purchase price for the acquisition of バローホールディングス shares by KOHNAN SHOJI CO.,LTD. is expected to be approximately ¥3,000 million. The total payment amount for the acquisition of KOHNAN SHOJI CO.,LTD. shares by バローホールディングス is approximately ¥3,000 million.
About the partner
Business DescriptionHome improvement center business, retail business for construction professionals, and membership-based wholesale business for construction materials
LocationNishi-ku, Sakai, Osaka Prefecture
Share capital¥17,658 million (as of 28 February 2026)
Net Sales¥519,779 million (fiscal year ended February 2026, consolidated operating revenue)
Operating profit¥22,397 million (fiscal year ended February 2026, consolidated operating profit)
Impact on Business Performance

The impact of this matter on consolidated results for the fiscal year ending March 2027 is currently under review. If any matter requiring disclosure arises, it will be disclosed promptly.

Date of board resolution30 June 2026Contract Date30 June 2026Share Acquisition Date and Payment DateAcquisition date for バローホールディングス shares by KOHNAN SHOJI CO.,LTD.: 10 July 2026 (scheduled). Acquisition date for KOHNAN SHOJI CO.,LTD. shares by バローホールディングス: 16 July 2026. Payment date: Not disclosed.
Agreements reached under this partnership
ItemDetails
Name of alliance partnerKOHNAN SHOJI CO.,LTD.
Alliance partner's business activitiesHome improvement center business, retail business for construction professionals, and membership-based wholesale business for construction materials
Alliance partner's locationNishi-ku, Sakai, Osaka Prefecture
Alliance partner's capital¥17,658 million (as of 28 February 2026)
Alliance partner's net sales¥519,779 million (fiscal year ended February 2026, consolidated operating revenue)
Alliance partner's operating income¥22,397 million (fiscal year ended February 2026, consolidated operating profit)
Type of allianceCapital and Business Alliance
Details of the allianceMutual supply of private-label products, Collaboration in deepening market penetration, primarily in the Kansai and Kanto regions, Joint research and sharing of know-how concerning the following matters, Supply from the バローホールディングス Group to the KOHNAN SHOJI CO.,LTD. Group: food products, pharmaceuticals, quasi-drugs and other products, Supply from the KOHNAN SHOJI CO.,LTD. Group to the バローホールディングス Group: DIY, pet and gardening products, household goods and other products, Regarding market development, primarily in the Kansai and Kanto regions, the parties will share information lawfully within the scope necessary to achieve that objective in order to efficiently expand stores and improve services by leveraging their respective strengths, and will also consider opening stores jointly., Regarding tenant openings at stores operated by バローホールディングス and KOHNAN SHOJI CO.,LTD., primarily in the Kansai and Kanto regions, the parties will give priority to discussions when requested by the other party., Operation of logistics facilities and logistics systems, Store development and facility management, Store operations rationalization, sales promotion measures and EC operations, Recruitment and training of personnel
Number of shares acquiredAcquisition of KOHNAN SHOJI CO.,LTD. common shares by バローホールディングス: 719,400 shares (percentage of total shares issued: Not disclosed). Acquisition of バローホールディングス shares by KOHNAN SHOJI CO.,LTD.: Not disclosed (acquired from existing shareholders through ToSTNeT-1)
Acquisition priceThe total purchase price for the acquisition of バローホールディングス shares by KOHNAN SHOJI CO.,LTD. is expected to be approximately ¥3,000 million. The total payment amount for the acquisition of KOHNAN SHOJI CO.,LTD. shares by バローホールディングス is approximately ¥3,000 million.
Date of board resolution30 June 2026
Contract Date30 June 2026
Share Acquisition Date and Payment DateAcquisition date for バローホールディングス shares by KOHNAN SHOJI CO.,LTD.: 10 July 2026 (scheduled). Acquisition date for KOHNAN SHOJI CO.,LTD. shares by バローホールディングス: 16 July 2026. Payment date: Not disclosed.
Impact on Business PerformanceThe impact of this matter on consolidated results for the fiscal year ending March 2027 is currently under review. If any matter requiring disclosure arises, it will be disclosed promptly.
Items this document does not state (9)
Shareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyAlliance start dateChange in major shareholders

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.

To strengthen the business foundations of both companies, including product procurement, logistics, store operations and human resources, reinforce their relationship over the medium to long term, accelerate the growth strategies of the three companies, including アレンザホールディングス, and enhance corporate value.

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Notice regarding the execution of a capital and business alliance agreement with KOHNAN SHOJI CO.,LTD. | VALOR HOLDINGS CO.,LTD. (9956) timely disclosure | Komori