teno.Holdings said on 27 August that it would acquire all shares of Pigeon Hearts, the childcare services subsidiary of Pigeon Corporation, for JPY 1.6bn.
Why teno.Holdings Co., Ltd. is buying Pigeon Hearts Co., Ltd.
teno said Pigeon Hearts brings know-how in running licensed nurseries in Tokyo and a strong base of workplace childcare clients, mainly large companies, supporting the expansion of its core childcare business under its tenoVISION2030 plan.
Deal terms and financing
teno will buy 7,000 ordinary shares, or 100%, for JPY 1,600m, with related costs estimated at JPY 9m.
Regulatory approvals and timing
The agreement was signed on 27 August, with the share transfer scheduled for January 2027.
Market context
Pigeon Hearts, founded in 1999, also offers nursery start-up consulting, holiday and event childcare, English programmes for young children and training. Its sales were JPY 3.45bn in 2023 and JPY 3.31bn in 2025.
