Notice Regarding the Establishment of a Taiwanese Subsidiary (Specified Subsidiary) | WORKMAN CO.,LTD. (7564) timely disclosure

Worth reading

34Immaterial

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Direction

Neutral

Direction inferred from the company’s description.

Scale

200000000

Taiwan dollars

Wording

Avoiding a definitive answer

How definitive the wording is.

This transaction

Establishment of a Taiwan Subsidiary (Specified Subsidiary)

Disclosing companyWORKMAN CO.,LTD.

台灣哇酷曼股份有限公司 (planned)Voting rights ownership percentage

The 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.

TimelineThe spacing between the points is proportional to the actual number of days.

Target company

Sale of casualwear, outdoor and sporting goods, and related products in Taiwan

Location Taipei City, TaiwanShare capital NT$200 million (approximately ¥1 billion)Date of incorporation September 2026 (scheduled)

Impact on Business Performance

The impact on consolidated results for the fiscal year ending March 2027 is expected to be immaterial.

Procedures and assumptions

Management structure after acquisitionThe planned name is 台灣哇酷曼股份有限公司, and the chairman will be Ouchi Koji (大内康二). The Company plans to second directors and employees to the company and provide operational support.

This transaction
Item	Details
Transaction name	Establishment of a Taiwan Subsidiary (Specified Subsidiary)
Name of the Subject Company	台灣哇酷曼股份有限公司 (planned)
Business Description of the Subject Company	Sale of casualwear, outdoor and sporting goods, and related products in Taiwan
Location of the Subject Company	Taipei City, Taiwan
Capital Stock of the Subject Company	NT$200 million (approximately ¥1 billion)
Date of Establishment of the Subject Company	September 2026 (scheduled)
Voting rights ownership percentage	After 100％ (before not disclosed)
Impact on Business Performance	The impact on consolidated results for the fiscal year ending March 2027 is expected to be immaterial.
Date of board resolution	3 August 2026
Execution Date / Effective Date	September 2026 (scheduled)
Management structure after acquisition	The planned name is 台灣哇酷曼股份有限公司, and the chairman will be Ouchi Koji (大内康二). The Company plans to second directors and employees to the company and provide operational support.

Items this document does not state (21)

Counterparty nameNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution

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 promote the development of a chain-store business in Taiwan, with the aim of expanding the market for high-performance, low-priced workwear and work-related products, outdoor and sportswear, and casualwear, and building a foundation for further growth.

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