Notice Regarding the Acquisition of Shares in SUNRISE SPORTS (INDIA) PRIVATE LIMITED (Making It an Equity-Method Affiliate) | YONEX CO.,LTD. (7906) timely disclosure

Worth reading

54Recurring

Scored from 4 of 5 sections

Direction

Improvement

Direction inferred from the company’s description.

Scale

Voting rights ownership ratio

Wording

Conditional

How definitive the wording is.

This transaction

Share acquisition (making the company an equity-method affiliate)

CounterpartyDalip Kumar Seth

Disclosing companyYONEX CO.,LTD.

SUNRISE SPORTS (INDIA) PRIVATE LIMITEDVoting rights ownership percentageNumber of shares acquired 1,150,000 shares (number of voting rights not stated)

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

Sporting goods sales

Location New Delhi, IndiaShare capital INR230 million (¥391 million)Date of incorporation 18 March 1993

Impact on Business Performance

Immaterial

Procedures and assumptions

Conditions Precedent to ExecutionAfter specified conditions have been met

This transaction
Item	Details
Transaction name	Share acquisition (making the company an equity-method affiliate)
Counterparty name	Dalip Kumar Seth
Name of the Subject Company	SUNRISE SPORTS (INDIA) PRIVATE LIMITED
Business Description of the Subject Company	Sporting goods sales
Location of the Subject Company	New Delhi, India
Capital Stock of the Subject Company	INR230 million (¥391 million)
Date of Establishment of the Subject Company	18 March 1993
Number of shares acquired	1,150,000 shares (number of voting rights not stated)
Voting rights ownership percentage	After 50.0% (before not disclosed)
Impact on Business Performance	Immaterial
Date of board resolution	16 September 2026
Contract Date	16 September 2026
Execution Date / Effective Date	Expected to be completed by December 2026 after specified conditions have been met
Conditions Precedent to Execution	After specified conditions have been met

Items this document does not state (18)

Net 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 periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeManagement structure after acquisition

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 company has designated the Indian market as a priority region in order to capture the growing popularity of badminton and market growth. It intends to strengthen its partnership with SUNRISE SPORTS (INDIA) PRIVATE LIMITED, its long-standing distributor, and combine its global strategy with the characteristics of the local market to increase penetration of the Yonex brand, expand the market, promote and develop the sport, and broaden its connections with customers.

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