This transaction
Transfer of equity interestThe voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Retail sale of consumer electronics and daily necessities
The transaction is expected to have a positive impact on net income for the current fiscal year due to tax effects and other factors. The impact is currently under review. If, after the accounting treatment in the consolidated financial statements is finalized, it becomes clear that a revision to the forecast is required, the Company will make a timely disclosure.
| Item | Details |
|---|---|
| Transaction name | Transfer of equity interest |
| Counterparty name | 古巷弐拾号景区游客服務（瀋陽）有限公司 |
| Name of the Subject Company | 山田電機（瀋陽）商業有限公司 |
| Business Description of the Subject Company | Retail sale of consumer electronics and daily necessities |
| Location of the Subject Company | 15 Zhongjielu, Shenhe District, Shenyang, Liaoning Province, China |
| Capital Stock of the Subject Company | USD 201 million |
| Date of Establishment of the Subject Company | November 2008 |
| Net Sales of the Subject Company | RMB 0.12 million (fiscal year ended December 2025) |
| Operating Profit of the Subject Company | RMB 35 million net loss (fiscal year ended December 2025) |
| Net Income of the Subject Company | RMB 35 million net loss (fiscal year ended December 2025) |
| Net Assets of the Subject Company | RMB 174 million (fiscal year ended December 2025) |
| Voting rights ownership percentage | Before 100% → after 0% |
| Impact on Business Performance | The transaction is expected to have a positive impact on net income for the current fiscal year due to tax effects and other factors. The impact is currently under review. If, after the accounting treatment in the consolidated financial statements is finalized, it becomes clear that a revision to the forecast is required, the Company will make a timely disclosure. |
| Date of board resolution | 19 September 2026 |
| Contract Date | 19 September 2026 |
| Execution Date / Effective Date | 20 September 2026 |
| Management structure after acquisition | 山田電機（瀋陽）商業有限公司 will be removed from the scope of the Company's specified subsidiaries. The trade name, representative and treatment of employees: not disclosed. |
Items this document does not state (15)
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.Following the complete closure of its stores in June 2020, YAMADA HOLDINGS agreed on terms with a Chinese company that had been considering acquiring the assets of 山田電機（瀋陽）商業有限公司, as part of the sale of non-core assets to dispose of the remaining assets. The Company intends to eliminate all assets of its electronics segment in the Chinese market and optimize and improve the efficiency of its management resources.