Signed a contract for business integration with Nitori Shimatada to buy shares

Conclusion of a contract for business integration with Nitori Shimatada November 13 15:47

Nitori Holdings Co., Ltd., a major furniture and daily necessities company, and Shimatada, which operates home centers in the Tokyo metropolitan area, announced that they have entered into an agreement for business integration.

In response, Nitori will begin a public purchase of SHARES to make Shimatada a wholly owned subsidiary on the 16th of this month.

In October, Shimatada agreed to a proposed acquisition by DCM Holdings, a major home center company, but it turned around and became an unusual development to start business integration with NITORI.