Agreements reached under this partnership
Business Alliances- 1
The Company will sublease part of a building used as a logistics warehouse that the parent company, RIZAP GROUP, Inc., has leased in its entirety.
- 2
The Company will outsource warehouse management operations conducted in the building (warehouse) leased under this sublease agreement to its parent company, RIZAP GROUP, Inc.
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
This will not affect the published earnings forecast figures. The Company has determined that the impact of implementing this matter on future earnings will be immaterial.
| Item | Details |
|---|---|
| Name of alliance partner | RIZAP GROUP, Inc. |
| Type of alliance | Business Alliances |
| Details of the alliance | The Company will sublease part of a building used as a logistics warehouse that the parent company, RIZAP GROUP, Inc., has leased in its entirety., The Company will outsource warehouse management operations conducted in the building (warehouse) leased under this sublease agreement to its parent company, RIZAP GROUP, Inc. |
| Contract Period | From 1 April 2026 to 31 March 2027 (automatically renewed annually for 1 year through 31 March 2027) |
| Date of board resolution | 25 March 2026 |
| Contract Date | 31 March 2024 (date of the original agreement and its execution) |
| Alliance start date | 1 April 2026 (start date of the renewed agreement) |
| Impact on Business Performance | This will not affect the published earnings forecast figures. The Company has determined that the impact of implementing this matter on future earnings will be immaterial. |
Items this document does not state (15)
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.Upon the expiration of the agreements, the Company reviewed current logistics conditions and the economic rationale at this time. The agreements are expected to help contain increases in logistics costs and to be less expensive than having each group company enter into separate agreements.