This transaction
Establishment of subsidiaryThe voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
Purchasing and sale of jewelry, precious metals, watches, bags, clothing and other items
The impact on results for the fiscal year ending March 2027 will be minor.
| Item | Details |
|---|---|
| Transaction name | Establishment of subsidiary |
| Name of the Subject Company | KOMEHYO UK LIMITED (provisional name) |
| Business Description of the Subject Company | Purchasing and sale of jewelry, precious metals, watches, bags, clothing and other items |
| Location of the Subject Company | London, UK |
| Capital Stock of the Subject Company | £2,000,000 (approximately ¥430 million). Capital will be £1 at establishment and is scheduled to be increased to £2,000,000 when the bank account is opened. |
| Date of Establishment of the Subject Company | September 2026 (scheduled) |
| Type of Consideration | Cash (capital contribution by the Company) |
| Voting rights ownership percentage | After The Company: 100% (before not disclosed) |
| Impact on Business Performance | The impact on results for the fiscal year ending March 2027 will be minor. |
| Date of board resolution | 11 September 2026 |
| Execution Date / Effective Date | September 2026 (scheduled) |
| Management structure after acquisition | Corporate name: KOMEHYO UK LIMITED (provisional name); representative: Hoyama Masayoshi (方山 正善); investment ratio: Company 100%. Employee treatment: Not disclosed |
Items this document does not state (20)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The European market is the largest market among the regions we have not yet entered. Given the UK's large economy and established culture of reuse, we determined that it would be an important European base where we could leverage the business expertise developed in Japan and overseas. We will begin purchasing and selling items in London, with the aim of establishing a European base and expanding our share of the overseas branded resale market.