Agreements reached under this partnership
Joint venture- 1
The major functions of 吉奢礼社, including its live-commerce business and repair business for pre-owned branded goods, as well as its administrative functions, will change from 吉奢礼社 to the joint venture.
- 2
Additional equity interests in the joint venture will be acquired through バイセルチャイナ社.
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 indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
The impact on consolidated results for the fiscal year ending December 2026 is expected to be immaterial. The transaction is expected to contribute to higher revenue and profit over the medium term. The Company will promptly announce any details once the impact on results becomes clear.
| Item | Details |
|---|---|
| Name of alliance partner | He Liangliang (何亮亮), founder of 吉奢礼（杭州）电子商务有限公司 |
| Alliance partner's location | Hangzhou, Zhejiang Province, People's Republic of China |
| Type of alliance | Joint venture |
| Details of the alliance | The major functions of 吉奢礼社, including its live-commerce business and repair business for pre-owned branded goods, as well as its administrative functions, will change from 吉奢礼社 to the joint venture., Additional equity interests in the joint venture will be acquired through バイセルチャイナ社. |
| Shareholding ratio | Not disclosed → バイセルチャイナ 10.0% |
| Overview of the joint venture | Name Name to be determined / Location People's Republic of China, Hangzhou City, Qiantang District / Business Description Live-commerce business, repair business and other activities / Capital Contributions RMB 500,000 (approximately ¥12 million) / Ownership ratio He Liangliang (何亮亮) 90.0%, バイセルチャイナ 10.0% |
| Ownership ratio | He Liangliang (何亮亮) 90.0%, バイセルチャイナ 10.0% |
| Date of board resolution | 14 August 2026 |
| Contract Date | September 2026 (scheduled) |
| Alliance start date | September 2026 (scheduled) |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending December 2026 is expected to be immaterial. The transaction is expected to contribute to higher revenue and profit over the medium term. The Company will promptly announce any details once the impact on results becomes clear. |
Items this document does not state (12)
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 develop overseas sales channels through which products acquired in Japan can be sold at higher unit prices, and to establish live-commerce sales networks serving China, the United States and other markets, as well as an integrated structure covering repair through sales.