NAC to Absorb Yesmart Subsidiary in Streamlining, Brand-Unification Merger

NAC Co., Ltd. ( (JP:9788) ) just unveiled an announcement.

NAC Co., Ltd. has decided to absorb its wholly owned subsidiary Nac Yesmart Co., Ltd., which handles the import and sale of Korean food products, through an absorption-type merger effective March 1, 2026, with NAC as the surviving entity. The move consolidates the Yesmart supermarket business—originally spun off from acquired subsidiary CONVEBOX, INC.—back into the parent to eliminate operational overlaps between NAC and Nac Yesmart, streamline group management, and unify the Yesmart brand strategy. As the transaction is a simplified and short-form merger involving a wholly owned subsidiary, no merger consideration will be paid and no shareholder meetings will be held, while NAC plans to resolve Nac Yesmart’s negative net worth via a capital increase before completion, aiming to improve economic rationality and operational efficiency in its growing Korean food retail business.

The most recent analyst rating on (JP:9788) stock is a Buy with a Yen603.00 price target. To see the full list of analyst forecasts on NAC Co., Ltd. stock, see the JP:9788 Stock Forecast page.

More about NAC Co., Ltd.

NAC Co., Ltd., listed on the TSE Prime Market, operates a diversified portfolio of services including production and sale of bottled water with dispensers, rental and sale of dust control products as a Duskin franchise, pest control equipment, and consulting services for small and medium-sized enterprises. The company, founded in 1971 and headquartered in Tokyo, has a significant shareholder base including Duskin Co., Ltd. and YAMADA HOLDINGS CO., LTD., and has recently expanded into the Korean food retail segment through its Yesmart brand.

Average Trading Volume: 33,518

Technical Sentiment Signal: Buy

Current Market Cap: Yen23.49B

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