BOOKOFF GROUP HOLDINGS LIMITED [9278.T]
TOKYO, May 19 (Pulse News Wire) – Bookoff Group Holdings Limited (9278.T) resolved at its board meeting held to establish a local subsidiary in Taiwan through its wholly-owned subsidiary, BOOKOFF INTERNATIONAL Co., Ltd. The move aims to expand its reuse business in the Taiwanese market.
Taiwan's robust resale market and high trust in Japanese brands make it an ideal location for Bookoff’s expansion strategy. By setting up operations there, the group seeks to bolster its overseas presence and enhance corporate value. Details of the new entity include: - Company name: BOOKOFF TAIWAN CO., LTD.
(Chinese name: ) - Location: Taipei City, Taiwan - Representative: Chairman (President) Fukuda Motoki - Business scope: Buyback and sale of Reuse Shouhin - Capital: NT$30,000,000 (approximately $972,000) - Establishment date: July 2026 (planned) - Fiscal year-end: March Bookoff International Co., Ltd., which is fully owned by Bookoff Group Holdings, will hold 100% equity in the newly established subsidiary. The company anticipates minimal impact on consolidated performance but expects long-term benefits for its enterprise value. Further developments related to this initiative will be disclosed promptly.
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