Agreements reached under this partnership
Joint venture- 1
Live-commerce business, repair business and other activities
- 2
Transfer to the joint venture of the key functions of the live-commerce business and repair business for secondhand branded goods held by 吉奢礼社, as well as its administrative functions
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 of this transaction on consolidated results for the fiscal year ending December 2026 is expected to be immaterial.
| Item | Details |
|---|---|
| Name of alliance partner | He Liangliang (何亮亮), founder of 吉奢礼社 |
| Alliance partner's location | Hangzhou, Zhejiang Province, People's Republic of China |
| Type of alliance | Joint venture |
| Details of the alliance | Live-commerce business, repair business and other activities, Transfer to the joint venture of the key functions of the live-commerce business and repair business for secondhand branded goods held by 吉奢礼社, as well as its administrative functions |
| Overview of the joint venture | Name 桔夕璟曜（杭州）电子商务科技有限公司 (e-commerce technology company) / Location Qiantang District, Hangzhou, Zhejiang Province, People's Republic of China / 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% |
| Shareholding Policy | The parties aim to make the joint venture a wholly owned subsidiary at an early stage in the future, although the timing and other details of the full acquisition have not been determined. |
| Date of board resolution | 1 October 2026 |
| Contract Date | 1 October 2026 |
| Alliance start date | 1 December 2026 (scheduled) |
| Impact on Business Performance | The impact of this transaction on consolidated results for the fiscal year ending December 2026 is expected to be immaterial. |
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.The joint venture is being established to expand the overseas sales business targeting the Chinese and U.S. markets, among others. Following its establishment, the key functions of 吉奢礼社’s live-commerce business and repair business for secondhand branded goods, as well as its administrative functions, will be transferred to the joint venture. The parties state that they aim to make the joint venture a wholly owned subsidiary at an early stage in the future.