Joyful Honda Co.,Ltd (TYO:3191) will acquire all shares of Honda Co., Ltd. for 1.8 billion yen, making it a wholly owned subsidiary, according to a Friday filing on the Tokyo Stock Exchange.
Honda, based in Ibaraki Prefecture, operates home centers and engages in lumber sales and exterior remodeling. Joyful Honda expects the deal to strengthen its housing and lifestyle business and broaden its customer base.
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