This transaction
Establishment of a Chinese 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.
E-commerce and retail store sales of fishing and outdoor products in and outside China, among other activities (planned)
The impact of establishing this subsidiary on results for the fiscal year ending November 2026 is difficult to reasonably estimate at this time.
| Item | Details |
|---|---|
| Transaction name | Establishment of a Chinese subsidiary |
| Name of the Subject Company | To be determined |
| Business Description of the Subject Company | E-commerce and retail store sales of fishing and outdoor products in and outside China, among other activities (planned) |
| Location of the Subject Company | Xiamen, Fujian Province, People's Republic of China (planned) |
| Capital Stock of the Subject Company | CNY 1 million (approximately ¥24 million; ¥23.97 per yuan) (planned) |
| Date of Establishment of the Subject Company | Around autumn 2026 |
| Voting rights ownership percentage | After 100％ (before not disclosed) |
| Impact on Business Performance | The impact of establishing this subsidiary on results for the fiscal year ending November 2026 is difficult to reasonably estimate at this time. |
| Date of board resolution | 16 July 2026 |
| Execution Date / Effective Date | Around autumn 2026 (planned) |
| Management structure after acquisition | Name: Undecided; representative: Undecided; treatment of employees: Not disclosed |
Items this document does not state (21)
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 establish a new management structure in cooperation with 堅果シナジー投資事業有限責任組合, the Company's principal and largest shareholder, support a long-term growth strategy focused on the development of its business in China, and pursue sustainable growth and medium- to long-term earnings expansion in the Chinese market.