Platz ＜7813＞ announced on the 18th that it will acquire all shares of Yamato Sangyo (headquarters: Yamabe-gun, Nara-ken) and make it a subsidiary.
PLATZ is developing an electric bed business for medical and nursing care within Japan, and manufactures and sells electric beds for welfare equipment loans under the long-term care insurance system, and other peripheral devices for medical/nursing facilities. We are also actively developing mattresses made of urethane foam as the main products for peripheral devices for medical and nursing electric beds.
Yamato Sangyo has one of the leading urethane foam processing facilities and development capabilities for urethane mattress products in Japan, and has a long-standing business relationship as a manufacturing outsourcer for major domestic bedding manufacturers.
By acquiring shares of Yamato Sangyo and making it a subsidiary, it is planned to improve growth and profitability as an enterprise group and strive to improve corporate value by simultaneously strengthening the mattress field, which is the peripheral equipment of electric beds for medical care and nursing care, and expanding it into mattress manufacturing and sales (BtoBtoC) for individuals, which is Yamato Sangyo's main business.
As for the full-year consolidated earnings forecast for the fiscal year ending 2024/6, the initial plan announced on 2023/8/10 remains unchanged. Sales are expected to increase 12.5% from the previous fiscal year to 7.10 billion yen, operating profit to turn into surplus of 100 million yen (operating loss of 108 million yen in the previous fiscal year), ordinary profit up 497.1% to 150 million yen, and net income attributable to parent company shareholders to decrease 46.0% to 120 million yen.
With Yamato Sangyo's stock acquisition and becoming a subsidiary, it is planned that only balance sheets will be consolidated in the consolidated accounting period ending 2024/6, and profit and loss statements will be consolidated from the consolidated accounting period ending 2025/6.