Major home-appliance retailers Yamada Holdings and Edion announced plans for a management integration in June, but there has been no formal announcement since, and the direction of the integration ratio remains unclear. With the interim results announcement scheduled for November, the outline of the management structure of the two companies remains unresolved.
Although Yamada Holdings and Edion announced plans for a management integration in June, there has been no formal announcement since, and the direction of the integration ratio remains unclear ahead of the interim results announcement in November.
The integration ratio is the biggest obstacle. At the June press conference, the concept of an equal merger was discussed. A proposal has been presented to establish a joint holding company, with Kubo Masataka (久保允誉) as president of the new company and Yamada Noboru (山田昇), chairman of Yamada HD, as chairman.
There is a view that the actual integration cannot be achieved on principles alone, and the significant difference in the companies’ scale has been identified as an obstacle under the current circumstances.
The marked difference in revenue has also been cited as a practical issue for completing the integration, although the article does not provide confirmed specific figures.