Japan’s Major Electronics Dealer Nojima Offers To Buy Courts Asia In Singapore
If Japanese electronics have always sparked joy in your hearts for their clean design aesthetic and sleek functionality, we have awesome news for you.
Daiso feels, anyone?
Source
A major Japanese electronics retailer has made a tantalising offer to buy a majority stake in Courts Asia from the Singapore Retail Group who holds 73.8%.
Assuming the deal is cleared by all major shareholders, what could this mean for Singaporeans?
The Harvey Norman of Japan
Nojima is a listed consumer electronics and mobile phone retailer in Japan. They registered an impressive figure of S$6.1 billion in revenue last March, in 2018.
Boasting in excess of 850 stores throughout Japan, think of them as a Harvey Norman or Challenger equivalent to Japanese consumers.
First dibs on Nintendo Switch 2?
By consolidating their expansion into our region with this acquisition, Nojima could possibly cross-sell local brands in Japan.
Imagine Razer keyboards & mouses doing Singapore proud along the streets of Akihabara.
The relationship works both ways too.
We could gain greater access to the latest gadgets from Japan.
If that means we’ll get our hands on the Nintendo Switch 2 ahead of everyone else, we’re totally onboard for that.
Close to sealing the deal
Nojima claims that they want to expand their consumer base out of Japan, starting with Singapore.
Besides possibly acquiring Courts Asia in Singapore, Malaysia & Indonesia, Nojima already has 2 stores in Cambodia.
As for their offer of S$0.205/share, that’s close to 35% more than Courts’ most recent valuation.
They’ve even set up shop in Singapore to broker the landmark deal.
Saving grace for Courts Asia
Courts Asia’s share price hasn’t been on the rise since 27 Jul 2018, reports Channel NewsAsia.
So this deal could just be a great way for Courts to cement its position in the hearts of Singaporeans.
More importantly, when is Switch 2 coming out? With this possible merger, perhaps sooner in Singapore than we’d think.
Featured image from Google Maps.
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