The Yomiuri Shimbun
Nojima Corp., a major Japanese consumer electronics retailer, announced Tuesday that it will acquire Hitachi Ltd.'s home appliance business for about 110 billion yen.
By absorbing Hitachi's home appliance business, which has experience with a wide range of products including washing machines and refrigerators, Nojima aims to enhance its own product development capabilities while also strengthening sales through its network of high-volume retail appliance stores.
The businesses operated by Hitachi Global Life Solutions Inc., a Hitachi subsidiary, include home appliances and commercial air conditioning equipment, among others; Nojima will acquire the home appliance business. Hitachi GLS will transfer the business to a new company it plans to establish, and Nojima will acquire about 80% of shares in the new company through a special purpose company.
Hitachi GLS primarily handles white goods such as vacuum cleaners, washing machines and refrigerators, with net sales of 367.6 billion yen for the fiscal year ended March 2025, of which the home appliance business accounts for about 60%.
Hitachi is transforming its business model to one where it will focus on leveraging IT and digital technologies to offer services for corporate customers. The company has already made some progress in selling off businesses with low relevance to its core operations, such as its chemical business.
Meanwhile, Nojima is diversifying its business to achieve synergies with its home appliance sales. In 2017, it acquired the consumer business of Nifty Corp., a major Japanese internet service provider, and in January 2025, it acquired Vaio Corp., a Japanese PC maker that was earlier sold off by Sony.
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This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content.
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April 21, 2026 05:13 ET (09:13 GMT)
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