Komori
M&A and Subsidiary Changes3068WDI CorporationRetail

Notice Regarding the Transfer of Fixed Assets

It was decided that the business assets and operating rights of the North American Tim Ho Wan restaurants held by WDI's consolidated subsidiary would be transferred to Tim Ho Wan, Inc. for US$2 million. The assets and rights relate to 3 restaurants in Hawaii, New York and Las Vegas.

Worth reading
38Recurring
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Direction
Neutral
Direction inferred from the company’s description.
Scale
2000
Thousand US dollars
Wording
Avoiding a definitive answer
How definitive the wording is.

This transaction

Disposal of Fixed Assets
CounterpartyTim Ho Wan, Inc.
Disclosing companyWDI Corporation
Subject of this transaction
TimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Acquisition priceUS$2,000 thousand (transfer price)
Amount of extraordinary income (loss)Gain on transfer: under review (Note 2)
Impact on Business Performance

The impact on consolidated results for the fiscal year ending March 2027 is currently under review. Any matters requiring disclosure will be disclosed promptly once identified.

This transaction
ItemDetails
Transaction nameDisposal of Fixed Assets
Counterparty nameTim Ho Wan, Inc.
Acquisition priceUS$2,000 thousand (transfer price)
Amount of extraordinary income (loss)Gain on transfer: under review (Note 2)
Impact on Business PerformanceThe impact on consolidated results for the fiscal year ending March 2027 is currently under review. Any matters requiring disclosure will be disclosed promptly once identified.
Date of board resolution18 August 2026
Contract Date18 August 2026
Execution Date / Effective Date1 October 2026 (property handover date)
Items this document does not state (24)
Name of the Subject CompanyBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

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.

To pursue selection and concentration of resources toward the restructuring of the overseas business.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Transfer of Fixed Assets | WDI Corporation (3068) timely disclosure | Komori