Japan electronics retailers Yamada, Edion agree to business merger

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.The move comes amid intensifying competition with industry rivals and e-commerce platforms as Japan's population shrinks. The companies hope that the merger will strengthen their product development…READ FULL ARTICLE