Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
169
Millions of yen (approx.)Wording
Conditional
How definitive the wording is.This transaction
Transfer of equity interestsCounterpartyTim Ho Wan Ventures Pte. Ltd.
Disclosing companyWDI Corporation
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Operation and management of Tim Ho Wan restaurants in the United States
Location California, U.S.Share capital US$5,000 thousand
Net SalesNot disclosed based on an agreement with the transferee
Operating profitNot disclosed based on an agreement with the transferee
Net income for the current fiscal yearNot disclosed based on an agreement with the transferee
Net assetsNot disclosed based on an agreement with the transferee
Consideration and expenses
Type of ConsiderationCash
Amount of extraordinary income (loss)Extraordinary gain: approximately US$1,070 thousand (approximately ¥169 million), expected to be recognized in the fiscal year ending March 2027
Impact on Business Performance
The company expects to recognize an extraordinary gain of approximately US$1,070 thousand (approximately ¥169 million) in its consolidated results for the fiscal year ending March 2027. The full-year consolidated earnings forecast remains unchanged from the forecast announced on 14 May 2026.
| Item | Details |
|---|---|
| Transaction name | Transfer of equity interests |
| Counterparty name | Tim Ho Wan Ventures Pte. Ltd. |
| Name of the Subject Company | Tim Ho Wan, Inc. |
| Business Description of the Subject Company | Operation and management of Tim Ho Wan restaurants in the United States |
| Location of the Subject Company | California, U.S. |
| Capital Stock of the Subject Company | US$5,000 thousand |
| Net Sales of the Subject Company | Not disclosed based on an agreement with the transferee |
| Operating Profit of the Subject Company | Not disclosed based on an agreement with the transferee |
| Net Income of the Subject Company | Not disclosed based on an agreement with the transferee |
| Net Assets of the Subject Company | Not disclosed based on an agreement with the transferee |
| Type of Consideration | Cash |
| Voting rights ownership percentage | Before 30％ → after －％ |
| Amount of extraordinary income (loss) | Extraordinary gain: approximately US$1,070 thousand (approximately ¥169 million), expected to be recognized in the fiscal year ending March 2027 |
| Impact on Business Performance | The company expects to recognize an extraordinary gain of approximately US$1,070 thousand (approximately ¥169 million) in its consolidated results for the fiscal year ending March 2027. The full-year consolidated earnings forecast remains unchanged from the forecast announced on 14 May 2026. |
| Date of board resolution | 18 August 2026 |
| Contract Date | 18 August 2026 |
| Execution Date / Effective Date | 1 October 2026 (date of transfer of equity interest) |
Items this document does not state (15)
Date of Establishment of the Subject CompanyAcquisition priceExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding 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.The company is disclosing this update because the transfer procedures have been completed and recognition of an extraordinary gain is expected. It does not explain the reason for the transfer of the equity interest itself.
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.