Japan electronics retailers Yamada, Edion agree to business merger

TOKYO - Japan's largest consumer electronics retailer, Yamada Holdings Co., and Edion Corp., another key company in the industry, said Friday they had agreed to merge under a holding company to be established in October 2027.

Their combined sales would total around 2.5 trillion yen ($15.6 billion), more than double the 982.80 billion yen posted by No. 2 competitor Nojima Corp. in the previous fiscal year.