Yamada Denki acquisition of the Best Denki, more than 2 trillion yen in sales

Yamada Denki, the largest household appliance, has decided to acquire the major player, Best Denki on the 11th. Yamada underwritten the allocation of a new shares to a third party for Best Denki, half of the largest shareholders have an outstanding shares. The transaction value of the shares is assumed to be greater than 10 billion yen.  Yamada set out a survival strategy by increasing the sales share in rapidly shrinking electronics market due to sluggish TV sales. Yamada will secure more than 2 trillion yen in sales after the acquisition.

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