Yamada Holdings, which operates a consumer electronics mass retailer, announced in May that its subsidiary Yamada Denki will merge with its subsidiary Otsuka Kagu.

As a result, Otsuka Kagu as a corporation will disappear.

According to the announcement, Yamada Denki and Otsuka Kagu will merge with Otsuka Kagu on May 1st, with Yamada Denki as the surviving company, after a resolution at the board of directors next month.



After becoming a subsidiary of Yamada Holdings in December 2019, Otsuka Kagu's daughter, Kumiko Otsuka, retired as president and became a wholly owned subsidiary in September last year.



With this merger, Otsuka Kagu as a corporation will disappear, but the Otsuka Kagu brand and stores will remain, and employee employment will be maintained.



Yamada Holdings has a policy of accelerating the opening of new business formats that handle not only home appliances but also furniture and interior goods, mainly in large stores. By doing so, we would like to strengthen sales and improve customer convenience. "