TOKYO - Japan's largest consumer electronics retailer Yamada Holdings Co. and Edion Corp., another key player in the sector, are planning to merge their businesses under a new holding company, a source familiar with the matter said Thursday.
With combined sales of around 2.5 trillion yen ($15.63 billion), it is hoped the envisioned business integration will strengthen their product development capabilities and accelerate efficiency as the market contracts due to Japan's declining population.
"It is true that we are considering a business integration with Edion Corp., but no specific decisions have been finalized at this time," Yamada Holdings said in a statement the same day. Edion issued a similar statement.
Both companies said their respective boards are scheduled to vote on the matter on Friday.
Among rival electronics retailers, Nojima Corp. said in April it would acquire Hitachi Ltd.'s home appliance business for about 110 billion yen.
Yamada Holdings, which operates around 8,800 stores, logged 1.69 trillion yen in sales for its business year ended March 2026. Edion operates about 1,200 stores and reported 793.75 billion yen in sales for the same period.
