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Lixil Group Plans To Sell Its Majority Stake In An Operator Of Home Improvement Stores To A Domestic Peer - Nikkei
Lixil Viva: Bought Back 322,400 Shares For About 580 Million Yen In November
LIXIL VIVA says merger with four units
LIXIL VIVA CORPORATION is a Japan-based home improvement products retailer. The Company operates its business through two business segments. The Home Center Business segment is involved in the operation of home centers that provide housewares, interior goods, leisure goods, sports equipment and household electronic equipment. The Segment is also involved in the house reform and repair business. The Developer Business segment is involved in the operation and management of commercial facilities which are attached to home centers, as well as the provision of real estate leasing and other related services. The Company has four subsidiaries.
Retail (Home Improvement)
1-13-1, Kamikizaki, Urawa-ku
President, Chief Executive Officer, Representative Director
Managing Executive Officer, Chief Financial Officer, Chief Director of Finance & Accounting, Director
Executive Vice President, Chief Director of Sales, Director
Senior Managing Executive Officer, Chief Director of Administration, Senior Director of General Affairs & Human Resources, Director
Managing Executive Officer, Chief Director of Store Development, Director of SC Business, Director
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The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
Japanese luxury toilet maker Lixil Group Corp <5938.T> said it is selling its stake in household goods retailer Lixil Viva <3564.T> as it continues to streamline its operations following a high-profile boardroom drama last year.
Japanese shares ended lower on Tuesday, slipping from a 3-1/2-month high hit in the previous session, as a firmer yen weighed on the market, with automakers and chip-related companies leading the decline.
Japanese stocks retreated from a 3-1/2-month high on Tuesday as a firmer yen weighed on the market, with automakers and chip-related companies leading the decline.
Lixil Group said on Tuesday it would discuss the possible sale of its stake in Lixil Viva at a board meeting on the same day, in a deal the Nikkei business daily reported could reach around 100 billion yen ($923 million).
* Says it plans to merge with its four wholly owned subsidies, effective on April 1
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