Adastria Co (TYO:2685) is transitioning to a holding company structure, effective Sept. 1, according to a Friday filing on the Tokyo Stock Exchange.
The company established a wholly owned subsidiary, New Adastria, on April 4 to take over its operational businesses through an absorption-type split.
Under the plan, Adastria will retain group oversight functions and change its name to and ST HD Co., Ltd., pending shareholder approval at its annual meeting on May 29.
The restructuring supports Adastria's new medium-term plan through February 2030, which centers on evolving its "and ST" e-commerce platform into a broader fashion and lifestyle ecosystem.
The group will align three business pillars-Platform, Global, and Brand Retail-under the new structure to drive growth, including M&A and overseas expansion.
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